AAA: As Summer Travel Season Begins, Gas Prices Continue to Fall

The national average for a gallon of regular gasoline is down 16 cents since last week to $4.16. This marks the second straight week of decline. Pump prices are cooling off as the price of crude oil remains below $100 per barrel. But uncertainty lingers over when the Strait of Hormuz will fully reopen and resume traffic. Today’s national average is 38 cents less than a year ago but $1.04 more than a year ago.

 

According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 9.25 million barrels per day to 8.59 million. Total domestic gasoline supply increased from 211.6 million barrels to 215 million. Gasoline production decreased last week, averaging 9.4 million barrels per day.

 

At the close of Wednesday’s formal trading session, West Texas Intermediate rose $2.26 to settle at $96.02 a barrel. The EIA reports crude oil inventories decreased by 8 million barrels from the previous week. At 433.7 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.

 

The national average per kilowatt hour of electricity at a public EV charging station remained the same this past week at 41 cents.

 

West Central Kentucky Averages

Today One Week Ago One Year Ago Record Price Date Record Price
$3.709 $3.956 $2.698 6/13/2022 $4.742

 

The average price of unleaded self-serve gasoline today in various areas:      

$3.727        Bowling Green
$3.682        Elizabethtown
$3.654        Louisville
$3.701        Owensboro
$3.781        Paducah

Quick Gas and Electricity Stats

Gas

The nation’s top 10 most expensive gasoline markets are California ($5.90), Washington ($5.62), Hawaii ($5.58), Alaska ($5.18), Oregon ($5.11), Nevada ($5.03), Arizona ($4.55), Illinois ($4.55), Idaho ($4.51), Washington, DC ($4.49), and New York ($4.45).

 

The nation’s top 10 least expensive gasoline markets are Indiana ($3.44), Texas ($3.63), Oklahoma ($3.64), South Carolina ($3.70), Louisiana ($3.73), Tennessee ($3.75), Mississippi ($3.75), North Carolina ($3.75), Kentucky ($3.77), and Florida ($3.78).

 

Electric

The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (53 cents), Hawaii (51 cents), Alaska (47 cents), New Hampshire (47 cents), Louisiana (46 cents), California (46 cents), Illinois (45 cents), Arkansas (45 cents), New Jersey (44 cents), and South Carolina (44 cents).

The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (30 cents), Missouri (32 cents), Maryland (33 cents), Iowa (34 cents), Utah (34 cents), Nebraska (34 cents), South Dakota (34 cents), Vermont (35 cents), Colorado (37 cents), and Delaware (37 cents).

                                                                                             

AAA East Central is a not-for-profit association with 69 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. Follow us on TwitterInstagram and Facebook. AAA East Central provides services to its members including Automotive, Insurance, Discounts & Rewards, Financial, and Travel. Find out more about AAA Membership and current savings here.