The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Inch Higher to $2.37

May 30, 2017

Photo by Vince Taroc.
Photo by Vince Taroc.

The national average price of a gallon of regular unleaded increased 1 cent to $2.37 for the week ending May 30, which is 2 cents more than a month ago and 5 cents more than a year ago, according to AAA.

Rising demand for gasoline has caused inventories to fall. Demand increased 252,000 barrels per day to 9.7 barrels per day to reach the highest level so far this year, according to the U.S. Energy Information Administration. Gasoline inventories also fell by 800,000 barrels per day.

Consumers could see a national average price return to April levels, when it reached $2.42, according to AAA.

The nation’s markets with the biggest changes in the last week include Ohio (down 7 cents), Utah (up 6 cents), Indiana (down 6 cents), Delaware (up 6 cents), Michigan (down 6 cents), Missouri (up 5 cents), Kansas (up 4 cents), Iowa (up 4 cents), Maryland (up 4 cents) and Colorado (up 4 cents).

The most expensive gas is sold in California ($3.10), Hawaii ($3.07), Alaska ($2.90), Washington ($2.87), Nevada ($2.74), Oregon ($2.73), Idaho ($2.59), Pennsylvania ($2.58), Washington, D.C. ($2.55) and Connecticut ($2.51).

Meanwhile, the average price of a gallon of diesel increased 3.2 cents to $2.571. Diesel is now 18.9 cents higher than a year ago.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

  1. 1. Art Meyer [ June 02, 2017 @ 11:08AM ]

    Inched higher???? They jumped 40 cents in less than 48 hours here in Dallas Tx.

 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

SDK stands for Software Development Kit.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
 

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher