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Gasoline prices average below $4.20 per Gallon for the first time of the month

Gasoline prices at an Exxon station in Houston, Texas on July 29.

Gasoline prices at an Exxon station in Houston, Texas on July 29.
image: Brandon Bells (beautiful pictures)

This Tuesday marks three months from gas price was at this low level. The national average now stands at $4.19 per gallon, according to AAA. The last time gas was below $4.20 is May 2.

That’s obviously welcome news for American motorists, who have been feeling extreme pain with the pump since prices started skyrocketing again in early March. Currently, 19 states have gas prices below $4.00 per gallon, and a handful of others aren’t too far behind. Hell, even the price of diesel fell. The current average is $5.26 per gallon. That’s down 13 cents from just a week ago.

Both gas and diesel prices are at record highs. Gasoline prices are now 83 cents below the record set on June 14, and diesel prices are now 56 cents below the record they set on June 19. Needless to say what has may happen, so let’s enjoy these prices while we can.

A report from AAA said increased demand at the pump could lead to a drop in our steady gas prices.

Andrew Gross, a spokesman for AAA, said: “We know that most American drivers have made significant changes to their driving habits in response to high gas prices. “But with gas prices under $4 a gallon at nearly half of all gas stations nationwide, it’s possible that demand for gas could increase.”

Gas demand rose from 8.52 million bpd to 9.25 million bpd last week, according to new data from the Energy Information Administration (EIA). The estimated rate is 80,000 bpd lower than last year, but it could slow down pump prices if this trend is to be maintained. Additionally, total domestic gasoline stocks fell by 3.3 million barrels to 225.1 million barrels, indicating higher demand reduced inventories last week.

New survey data from AAA noticed that drivers are making significant changes to cope with rising pump prices. Nearly two-thirds (64%) of adults in the US have changed their driving habits or lifestyle since March, with 23% making “major changes”. The top three driver changes to offset high gas prices are driving less, incorporating errands, and reducing shopping or eating out.

With that in mind, let’s take a look at gas prices across the country.

Here are the highest average gas prices in the country in order of highest prices for a typical gallon:

  • California – $5.59 Regular Price | $5.80 Average | $5.94 Premium | $6.43 Diesel
  • Hawaii – $5.44 Regular Price | $5.63 Average | $5.88 Premium | $6.10 diesel
  • Alaska – $5.08 Regular | $5.28 Average | $5.46 Premium | $5.72 diesel
  • Nevada – $5.06 Casual | $5.31 Average | $5.52 Premium | $5.35 diesel
  • Oregon – $5.05 Regular | $5.27 Middle | $5.47 Premium | $6.00 Diesel

Here are the lowest average prices for gasoline in the country in order of lowest price per typical gallon:

  • Texas – $3.69 (good) Regular | $4.06 Average | $4.39 Premium | $4.73 diesel
  • South Carolina – $3.71 Regular | $4.10 Middle | $4.45 Premium | $4.89 Diesel
  • Georgia – $3.74 Regular | $4.15 Middle | $4.51 Premium | $4.98 Diesel
  • Arkansas – $3.75 Regular | $4.12 Middle | $4.44 Premium | $4.91 Diesel
  • BILLIONennessee – $3.76 Regular | $4.13 Middle | $4.50 Premium | $4.98 diesel

It’s Saturday, innit?

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