AAA: For 3rd Consecutive Week, Gas Prices Drop A Penny

Marco Green
February 5, 2020

"If current wholesale gasoline prices hold, the state average could approach $2.30 per gallon by the end of the week".

Prices at the pump have been declining since mid-January, largely affected by the seasonal drop in demand in addition to increased gas supplies, according to a AAA news release on Monday.

Motorists are paying an average of $37 for a full 15-gallon tank of gasoline.

"Gas prices are pushing cheaper for two reasons". Motorists are using the cheaper winter blend fuel and demand is usually low at this time of year - combine that with higher domestic stock levels and gasoline prices drop. Monday's state average is 7 cents less than a week ago, 14 cent less than last month, and 16 cents more than this time previous year. When combined with seasonally low demand, motorists nationwide can expect cheaper prices this month. Wyoming's state average in the meantime remained steady at $2.53 per gallon with the lowest price in Wyoming found in Casper with one station there pricing gasoline at $2.01 a gallon.

Crude oil prices that are $10 lower per barrel than one month ago and US gasoline stocks at a record high are driving prices at the pump down, a AAA spokeswoman said. Hawaii ($3.63) and California ($3.51) remain the most expensive markets in the country.

Least expensive Georgia metro markets - Catoosa-Dade-Walker ($2.19), Dalton ($2.20), and Rome ($2.21).

Other reports by Click Lancashire

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