At 9.88 million b/d, gasoline demand last week was near an all-time record high according to the Energy Information Administration (EIA). More so, the latest EIA data shows gasoline inventories tightening from 240 million bbl at the end of June down to 231 million bbl at the end of July. The boost in demand and drop in inventory have driven the national gas price average to $2.87, which is the most expensive gas price seen in August since 2014.
“We are likely going to see an end of summer pump price rally as inventories continue to tighten, especially on the East Coast,” said Jeanette Casselano, AAA spokesperson. “This week’s EIA demand and inventory reports will give further indication of how much higher the national gas price average could jump before summer is over.”
While today’s gas price average is one-cent more than last week, it is the same price as one month ago, yet 52-cents more than this time last year. Continue reading
FLORIDA AVERAGE GAS PRICES
| Regular | Mid-Grade | Premium | Diesel | |
|---|---|---|---|---|
| Current Avg. | $2.751 | $3.047 | $3.328 | $3.056 |
| Yesterday Avg. | $2.755 | $3.053 | $3.333 | $3.063 |
| Week Ago Avg. | $2.736 | $3.033 | $3.313 | $3.058 |
| Month Ago Avg. | $2.723 | $3.026 | $3.303 | $3.094 |
| Year Ago Avg. | $2.285 | $2.583 | $2.844 | $2.479 |
Quick Stats
- The nation’s top 10 most expensive markets are: Hawaii($3.76), California ($3.62), Washington ($3.40), Alaska ($3.37), Oregon ($3.28), Nevada ($3.20), Idaho ($3.15), Utah ($3.08), Connecticut ($3.07) and Pennsylvania ($3.06).
- The nation’s top 10 largest monthly changes are: New Mexico (-11 cents), Arizona (-10 cents), Delaware (+9 cents), Utah (-7 cents), South Carolina (+6 cents), Georgia (+5 cents), Nevada (-5 cents), Colorado (-5 cents), Kentucky (-5 cents) and Alabama (+4 cents).
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