Current:Home > StocksGas prices set to hit the lowest they've been since 2021, AAA says -FutureWise Finance
Gas prices set to hit the lowest they've been since 2021, AAA says
NovaQuant Quantitative Think Tank Center View
Date:2025-04-08 19:05:38
U.S. residents lamenting soaring gas prices may soon be able to relax as the national average for gas is set to hit its lowest rate in 3 ½ years, according to a new announcement from AAA.
AAA made the announcement Thursday morning and as of Tuesday, the national average for a gallon of gas is $3.01, company spokesperson Andrew Gross confirmed to USA TODAY.
“32 states already have an average below or well below $3,” Gross said in a news release AAA posted on Thursday. “Hockley County, Texas appears to have the lowest county average, at $2.30.”
The last time the national average was below $3 was in May 2021, AAA said in its announcement last week.
Also noted is that between the end of November and early December, gasoline demand rose slightly from 8.5 million barrels per day to 8.73 barrels per day, according to data from the Energy Information Administration.
Maximize your savings:Best high-yield savings accounts
Will mail be delivered?Are banks, post offices, UPS and FedEx open on Christmas 2024?
Which states have the most expensive gas? The cheapest?
According to AAA, the national average gas prices on Tuesday came in at $3.01 for regular gas, $3.49 for mid-grade, $3.84 for premium, $3.51 for diesel and $2.42 for E85.
AAA keeps track of gas price averages in each state on its website. On average, regular gas was the most expensive in the following states Tuesday:
- Hawaii – $4.56
- California – $4.36
- Washington – $3.96
- Nevada – $3.63
- Oregon – $3.49
- Alaska – $3.42
- Pennsylvania – $3.27
- District of Columbia – $3.23
- Arizona – $3.17
- Illinois – $3.16
- New York – $3.15
- Vermont – $3.12
- Florida – $3.11
- Maine – $3.05
- Connecticut – $3.05
States with the cheapest gas on average Tuesday include:
- Oklahoma – $2.52
- Texas – $2.60
- Mississippi – $2.60
- Arkansas – $2.61
- Kansas – $2.66
- Tennessee – $2.67
- Missouri – $2.68
- Kentucky – $2.70
- Iowa – $2.70
- Louisiana – $2.70
- Wisconsin – $2.72
- South Carolina – $2.73
- Alabama – $2.73
- Nebraska – $2.74
- New Mexico – $2.76
I drive an electric vehicle. What’s the average for me?
AAA also mentioned some notable numbers for drivers whose vehicles are powered by electricity. As of Tuesday afternoon, the national average for a kilowatt of electricity at a public EV charging station was 35 cents.
As of Tuesday afternoon, the states with the most expensive daily average electric charging rates include:
- Hawaii – 57 cents
- Montana – 45 cents
- West Virginia – 44 cents
- New Hampshire – 43 cents
- Idaho – 42 cents
- Arkansas – 42 cents
- Kentucky – 42 cents
- South Carolina – 42 cents
- Alaska – 41 cents
- Oklahoma – 41 cents
- Louisiana – 41 cents
- Tennessee – 41 cents
- Mississippi – 40 cents
- Nevada – 40 cents
- Connecticut – 40 cents
Lastly, the cheapest states for charging Tuesday afternoon came in at:
- Kansas – 22 cents
- Missouri – 25 cents
- Nebraska – 25 cents
- Delaware – 27 cents
- Texas – 28 cents
- District of Columbia – 29 cents
- Utah – 29 cents
- North Dakota –29 cents
- Vermont – 30 cents
- Iowa – 31 cents
- Michigan – 31 cents
- Maryland – 31 cents
- Massachusetts –31 cents
- South Dakota – 31 cents
- Colorado – 32 cents
Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia–the 757. Follow her on Twitter at@SaleenMartinor email her at[email protected].
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (75)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Today’s Climate: June 16, 2010
- Wildfires to Hurricanes, 2017’s Year of Disasters Carried Climate Warnings
- 2017 One of Hottest Years on Record, and Without El Niño
- South Korean president's party divided over defiant martial law speech
- How King Charles III's Coronation Honored His Late Dad Prince Philip
- Today’s Climate: June 14, 2010
- Obama Administration Halts New Coal Leases, Gives Climate Policy a Boost
- $73.5M beach replenishment project starts in January at Jersey Shore
- All the Jaw-Dropping Fascinators Worn to King Charles III’s Coronation
Ranking
- Meet first time Grammy nominee Charley Crockett
- Coach Flash Sale: Save 85% on Handbags, Shoes, Jewelry, Belts, Wallets, and More
- Recalled Boppy baby lounger now linked to at least 10 infant deaths
- HIV crashed her life. She found her way back to joy — and spoke at the U.N. this week
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- The number of hungry people has doubled in 10 countries. A new report explains why
- Polar Vortex: How the Jet Stream and Climate Change Bring on Cold Snaps
- The number of hungry people has doubled in 10 countries. A new report explains why
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
HIV crashed her life. She found her way back to joy — and spoke at the U.N. this week
Polar Ice Is Disappearing, Setting Off Climate Alarms
Ethan Orton, teen who brutally killed parents in Cedar Rapids, Iowa, sentenced to life in prison
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
At Freedom House, these Black men saved lives. Paramedics are book topic
Real Housewives Star Lisa Barlow’s Mother's Day Amazon Picks Will Make Mom Feel Baby Gorgeous
World Hunger Rises with Climate Shocks, Conflict and Economic Slumps