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Consumer Affairs

Gas Prices Show Little Movement In Last Week

Demand for gas is ahead of last year, but so are supplies


By Mark Huffman
ConsumerAffairs.Com

September 10, 2010
With the summer driving season behind them, motorists should find lower fuel prices in the weeks ahead, but so far prices have remained flat.

The national average price of self-serve regular gas is $2.683 s gallon, according to AAA. That's about the same price as a week ago.

The average price of diesel fuel is also almost the same as it was last week -- $2.954 a gallon.

The latest report on supplies shows a surprising drop in stockpiles of both crude oil and gasoline. However supplies remain above the level of a year ago. The U.S. Energy Information Administration this week reported crude inventories fell by nearly two million barrels in the previous week, twice as much as analysts expected.

Gasoline supplies fell by 200,000 barrels. Demand for gasoline over the four weeks ended September 3 was up 1.1 percent from the same period a year ago.

"The passing of Labor Day marks the traditional end of the summer driving season," said Andrew Delmege, AAA's manager of regulatory Affairs. "But this year has been anything but traditional. Crude supplies have remained at significantly high levels throughout the year and show no immediate signs of a change in status. This year has also been marked by very fragile demand, particularly over the summer."

The states with the most expensive gasoline today are:

Alaska ($3.508)
Hawaii ($3.466)
California ($3.039)
Washington ($3.027)
Idaho ($2.981)
Oregon ($2.959)
Utah ($2.917)
Montana ($2.890)
Nevada ($2.861)
New York ($2.817)

The states with the least expensive gasoline today are:

South Carolina ($2.453)
New Jersey ($2.490)
Missouri ($2.491)
Mississippi ($2.501)
Tennessee ($2.505)
Alabama ($2.512)
Virginia ($2.512)
Texas ($2.515)
Louisiana ($2.542)
Georgia ($2.561)

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