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After a sudden peak of gas prices that reached last week at $3.50 gas prices this week have modestly declined to $3.49 a gallon. The eight cents rise last week was attributed to rising demand for gas and higher global oil prices, according to the American Automobile Association (AAA).
Mild Weather Drives Up Demand
According to AAA, the cost of a gallon of gasoline in the United States has climbed on average by 28 cents in the past month. The top 10 states that continue to see high gas prices include:
- Hawaii – $4.935
- California – $4.572
- Washington – $4.134
- Nevada – $3.993
- Alaska – $3.797
- Pennsylvania – $3.784
- Colorado – $3.895
- Oregon – $3.781
- Illinois – $3.662
- District of Columbia – $3.608
States with the least expensive gas prices across the nation include: Texas, Mississippi, Missouri, Arkansas, Kentucky and Oklahoma saw a regular gallon of gas going for under $3.20.
“January’s weather was relatively mild in much of the nation, which led to more drivers hitting the road. However, a return of wintery conditions in February may see a revival of seasonal driving patterns,” said Andrew Gross, AAA spokesperson.
Diesel Prices Continue to Decline
According to AAA, the national average price for a gallon of diesel has dropped to $4.675 from last week’s $4.681 price tag. The current average gallon of diesel fuel remains 10 cents lower than a year ago.
Despite the drop in the prices of diesel a number of states are still feeling the pinch. Some 18 states have seen the price of diesel surpass the national average, with some states surpassing the $5 mark. These include:
- Hawaii – $6.043
- California – $5.729
- Maine – $5.641
- New York – $5.282
- Pennsylvania – $5.105
- Rhode Island – $5.087
- Massachusetts – $5.085
- New Hampshire – $5.088
- Washington – $5.069
- Vermont – $5.024
On the other hand, Oklahoma has the nation’s cheapest diesel retailing at $4.022 a gallon. Oklahoma is joined by Missouri, Kansas, Wisconsin, Arkansas, Texas, Nebraska, and Iowa with diesel selling for less than $4.30 a gallon.
Image: Envato Elements
This article, "Gas Prices Rising as Mild Weather Drives Up Demand" was first published on Small Business Trends
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By: Samson Haileyesus
Title: Gas Prices Rising as Mild Weather Drives Up Demand
Sourced From: smallbiztrends.com/2023/02/latest-gas-prices-february-2023.html
Published Date: Fri, 03 Feb 2023 12:30:41 +0000
