The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Fall With Pipeline Restart

November 07, 2016

Photo courtest of Wikimedia.
Photo courtest of Wikimedia.

The national average price of regular unleaded remained flat compared to a week ago, following a brief spike caused by some disruptions on the Colonial Pipeline, according to AAA.

Regular gasoline now costs $2.22 per gallon, which is 1 cent higher than a week ago and 4 cents less than a year ago.

Some volatility remains in Southeastern portions of the U.S., where gasoline prices increase after a burst in the pipeline. Line 1 operations were restored on Sunday afternoon after more than a week of downtime following a deadly explosion.It may take a week before affected states see any relief at the pumps, according to AAA.

Average gas prices are below $2 per gallon in four states today including Missouri ($1.93), Oklahoma ($1.94), Arkansas ($1.98) and Kansas ($1.99).

The nation's top ten most expensive markets are: Hawaii ($2.92), California ($2.80), Washington ($2.72), Alaska ($2.63), Oregon ($2.53), Nevada ($2.53), Idaho ($2.46), District of Columbia ($2.44), Pennsylvania ($2.41), New York ($2.40).

The average price as tracked by the U.S. Energy Information Administration increase three-tenths of a cent to $2.33 as of Nov. 7. The price is two-tenths of a cent lower than a year ago.

Meanwhile, the average price of diesel fell nine-tenths of a cent to $2.47. Diesel is now 3.2 cents lower than a year ago.

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