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Rising COVID-19 cases hold down gas prices

The national average saw little movement during the week

Photo (c) sefa ozel - Getty Images
Even a tropical storm that roared up the East Coast at the beginning of the week did little to raise gasoline prices as the coronavirus (COVID-19) continued to dampen demand for fuel.

The AAA Fuel Gauge Survey shows the national average price of regular gasoline today is $2.18 a gallon, the same as it’s been for the last two weeks. A year ago, regular fuel was selling for $2.70 a gallon.

The average price of premium gasoline is just as stable at $2.79 a gallon, the same as last week. The average price of diesel fuel is $2.42 a gallon, a penny less than last week.

The U.S. Energy Information Administration (EIA) reports that demand for gasoline ticked up a bit this week compared to the week before. But compared to this time last year, demand is down 8 percent.

“This summer is no doubt the cheapest at the pump for motorists in more than a decade. The last two months have yielded a national average of $2.14,” said Jeanette Casselano, AAA spokesperson. “While we expect to see typical fluctuation, August gas prices are not expected to spike, especially amid increases in COVID-19 cases.” 

Motorists in most states saw little change in pump prices over the last seven days, though in Utah consumers saw their gas prices jump 10 cents a gallon. The average price in Michigan rose six cents a gallon.

The states with the most expensive gas

These states currently have the highest prices for regular gas, according to the AAA Fuel Gauge Survey:

  • Hawaii ($3.24)

  • California ($3.18)

  • Washington ($2.80)

  • Oregon ($2.65)

  • Nevada ($2.65)

  • Alaska ($2.52)

  • Utah ($2.46)

  • Colorado ($2.43)

  • Idaho ($2.43)

  • Pennsylvania ($2.42)

The states with the cheapest regular gas

The survey found these states currently have the lowest prices for regular gas:

  • Mississippi ($1.82)

  • Louisiana ($1.85)

  • Texas ($1.85)

  • Arkansas ($1.87)

  • Alabama ($1.87)

  • Oklahoma ($1.88)

  • Missouri ($1.89)

  • South Carolina ($1.90)

  • Tennessee ($1.90)

  • North Carolina ($1.96)

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