October 2024 Gasoline Worth Replace: Nationwide Common Doubtless To Fall Beneath $3 – Gasoline
Within the ultimate week of October, fuel costs proceed to say no in all areas throughout the U.S. The nationwide common value of gasoline decreased round 4 cents within the final week to $3.09, in line with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 37 cents.
“The nationwide common value of gasoline has continued its decline during the last week, as anticipated, as oil costs have sunk as a consequence of Israel avoiding assaults on Iran’s oil infrastructure, and seasonal decreases in demand are pushing gasoline decrease, as is regular for this time of yr,” Patrick De Haan, head of petroleum evaluation at GasBuddy, mentioned.
Some may credit score the upcoming election for the declines, De Haan continued. Nevertheless, robust seasonal forces drive costs decrease within the fall, just like the decline within the demand for fuel as Individuals grapple with colder climate.
Based on De Haan, fuel costs are anticipated to say no nicely past election day.
See how diesel costs are altering per area on Work Truck.
U.S. Regional Gasoline Costs as of October 28, 2024
This is a have a look at costs by area in line with EIA information, as of Oct. 28:
- East Coast: $3.04
- Midwest: $2.92
- Gulf Coast: $2.64
- Rocky Mountain: $3.19
- West Coast: $3.97
Over the past week, costs declined in each area. Vital adjustments may be seen within the Midwest and West Coast as they dropped under their respective $3 and $4 benchmarks. The Midwest noticed essentially the most important lower of about 8 cents.
This is an inventory of the ten lowest common costs per gallon, in line with AAA information as of Oct. 28:
Rank | State | Common |
---|---|---|
1 | Texas | $2.68 |
2 | Mississippi | $2.69 |
3 | Oklahoma | $2.73 |
4 | Kentucky | $2.76 |
5 | Tennessee | $2.77 |
6 | Louisiana | $2.77 |
7 | Missouri | $2.78 |
8 | Kansas | $2.78 |
9 | Arkansas | $2.78 |
10 | Alabama | $2.80 |
Mississippi and Texas proceed battling for the primary state with the most affordable value for a gallon of fuel. At the moment, 19 states fall under the $3 per gallon benchmark, with the fact of a $2.99 or decrease nationwide common a extra prevalent actuality.
U.S. Regional Gasoline Costs as of October 21, 2024
The top of October is in sight, and fuel costs are declining in most areas throughout the U.S. The nationwide common value of gasoline decreased 3 cents within the final week to $3.14, in line with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 38 cents.
“The median U.S. value for gasoline has simply slipped under the $3 per gal mark for the primary time since early 2024, whereas the nationwide common value of gasoline has returned to say no as oil costs have begun to chill off after Iran’s assault on Israel,” De Haan mentioned.
This week’s downward pattern presents a greater outlook on focused effort for costs to fall under the $3 per gallon mark for the primary time since 2021, De Haan continued.
See how diesel costs are altering per area on Work Truck.
This is a have a look at costs by area in line with EIA information, as of Oct. 21:
- East Coast: $3.05
- Midwest: $3.00
- Gulf Coast: $2.72
- Rocky Mountain: $3.22
- West Coast: $4.03
Over the past week, costs have dipped in each area apart from the East Coast. The Midwest noticed essentially the most important lower of about 10 cents.
This is an inventory of the ten lowest common costs per gallon, in line with AAA information as of Oct. 21:
Rank | State | Common |
---|---|---|
1 | Mississippi | $2.72 |
2 | Texas | $2.73 |
3 | Oklahoma | $2.75 |
4 | Louisiana | $2.79 |
5 | Kansas | $2.81 |
6 | Tennessee | $2.81 |
7 | Missouri | $2.83 |
8 | Kentucky | $2.83 |
9 | Arkansas | $2.83 |
10 | Alabama | $2.84 |
Mississippi returns because the primary state with the most affordable value for a gallon of fuel at $2.72. At the moment, 19 states fall under the $3 per gallon benchmark, with the probability of extra becoming a member of the listing within the coming weeks.
U.S. Regional Gasoline Costs as of October 14, 2024
Heading into the third week of October, fuel costs are up in most areas throughout the U.S., with an expectation for decreases quickly. The nationwide common value of gasoline elevated about 4 cents within the final week to $3.17, in line with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 40 cents.
“For now, whereas Milton has left a 3rd of all stations in Florida with out fuel, the storm itself is just not impacting costs, and the scenario in Florida is anticipated to enhance,” De Haan mentioned.
With restoration taking place in Florida, a decline in fuel costs within the weeks forward could also be in retailer, with a great likelihood of seeing the primary sub-$3 per gallon nationwide common since 2021, De Haan continued.
See how diesel costs are altering per area on Work Truck.
This is a have a look at costs by area in line with EIA information, as of Oct. 14:
- East Coast: $3.04
- Midwest: $3.10
- Gulf Coast: $2.73
- Rocky Mountain: $3.25
- West Coast: $4.04
Over the past week, costs have risen in each area apart from the Rocky Mountains. The Midwest noticed essentially the most important enhance of about 6 cents.
This is an inventory of the ten lowest common costs per gallon, in line with AAA information as of Oct. 14:
Rank | State | Common |
---|---|---|
1 | Georgia | $2.71 |
2 | Mississippi | $2.75 |
3 | Oklahoma | $2.80 |
4 | Texas | $2.80 |
5 | Louisiana | $2.83 |
6 | Arkansas | $2.83 |
7 | Kansas | $2.83 |
8 | Tennessee | $2.84 |
9 | Missouri | $2.85 |
10 | Alabama | $2.86 |
Georgia has dethroned Mississippi because the primary state with the most affordable value for a gallon of fuel. At the moment, 17 states fall under the $3 per gallon benchmark, which can change within the coming weeks.
U.S. Regional Gasoline Costs as of October 7, 2024
Within the second week of October, fuel costs are down in most areas throughout the U.S., however may even see short-term will increase quickly. The nationwide common value of gasoline dropped 4 cents within the final week to $3.13, in line with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 54 cents.
“Whereas the nationwide common dipped barely within the final week, Iran’s assault on Israel has at the least quickly induced oil costs to surge to the best degree in months, which might trigger the declines to stop for now and will result in an increase in fuel costs for a lot of Individuals,” De Haan mentioned.
Hurricane season stays energetic, with Hurricane Milton headed towards a possible landfall in Florida, doubtlessly affecting costs in that space. For essentially the most half, De Haan continued, motorists in most areas can anticipate extra fuel value will increase primarily as a consequence of tensions within the Center East.
See how diesel costs are altering per area on Work Truck.
This is a have a look at costs by area in line with EIA information, as of Oct. 7:
- East Coast: $3.00
- Midwest: $3.03
- Gulf Coast: $2.72
- Rocky Mountain: $3.27
- West Coast: $4.02
Over the past week, costs have risen within the Gulf Coast area. The Rocky Mountain area noticed essentially the most important value drop, lowering by 14 cents.
This is an inventory of the ten lowest common costs per gallon, in line with AAA information as of Oct. 7:
Rank | State | Common |
---|---|---|
1 | Mississippi | $2.70 |
2 | Georgia | $2.72 |
3 | Oklahoma | $2.76 |
4 | Louisiana | $2.77 |
5 | Texas | $2.77 |
6 | Alabama | $2.79 |
7 | Arkansas | $2.80 |
8 | Tennessee | $2.80 |
9 | Missouri | $2.81 |
10 | Kansas | $2.84 |
Mississippi stays the primary state with the most affordable value for a gallon of fuel at $2.70. At the moment, 16 states fall under the $3 per gallon benchmark, which can change within the coming weeks, pending abroad affairs and hurricane exercise.
U.S. Regional Gasoline Costs as of September 30, 2024
Kicking off October, costs on the pump are down ever so barely in a number of areas. The nationwide common value of gasoline dropped about 1 cent within the final week to $3.17, in line with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 61 cents.
Based on De Haan, though declines may be seen throughout the U.S., some states have seen will increase as a consequence of refinery snags and upkeep which have emerged, quickly delaying declines in some areas.
“Whereas Hurricane Helene left toes of rain behind and a few states are seeing challenges in getting gasoline to stations, the storm didn’t broadly affect gasoline manufacturing,” De Hann mentioned.
See how diesel costs are altering per area on Work Truck.
This is a have a look at costs by area in line with EIA information, as of Sept. 30:
- East Coast: $3.06
- Midwest: $3.10
- Gulf Coast: $2.69
- Rocky Mountain: $3.41
- West Coast: $4.04
Over the past week, costs rose within the East Coast and Midwest areas. The West Coast noticed the best drop in costs, lowering 7 cents.
This is an inventory of the ten lowest common costs per gallon, in line with AAA information as of Sept. 30-Oct. 1:
Rank | State | Common |
---|---|---|
1 | Mississippi | $2.68 |
2 | Texas | $2.73 |
3 | Tennessee | $2.74 |
4 | Louisiana | $2.75 |
5 | Alabama | $2.77 |
6 | Oklahoma | $2.78 |
7 | Arkansas | $2.81 |
8 | Missouri | $2.84 |
9 | Kentucky | $2.86 |
10 | Kansas | $2.87 |
Mississippi has maintained the most affordable value for a gallon of fuel since early September. At the moment, 18 states fall under the $3 per gallon benchmark, with extra projected to affix after business delays are solved.