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May Fuel Update: Prices Spike Again Across the Nation
Fuel prices have risen in all 50 states, with the average increasing by almost 39 cents.
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SEARCHMENUSEARCHFuel prices have risen in all 50 states, with the average increasing by almost 39 cents.
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The national average for gas prices dropped to $2.18, which 48 cents cheaper than mid-September last year, and is being driven by low oil prices.
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On the week, all states saw gas prices decrease or stabilize at the pump. States with the largest declines are paying a nickel to a dime less, but the majority of state averages pushed cheaper by a few pennies since last Monday.
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The national average for gas prices dropped 2 cents this week, with a majority of state averages seeing minor drops and a few states in the Midwest witnessing price drops ranging from a nickel to a dime.
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Gas prices jumped 5 cents to $2.23 as a result of Hurricane Laura, but the national average is expected to push cheaper in the week ahead.
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Gas prices are at $2.18, maintaining prices that have stabilized for the past few weeks and are currently the same prices as a month ago and are 41 cents cheaper than a year ago.
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WEX has launched a voice command solution for AI virtual assistant Amazon Alexa, which is designed to offer fleet managers and administrators quick insight into fleet expenses through easy-to-read graphs and charts.
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The national gas price average has pushed only as expensive as $2.20 since the beginning of the pandemic, AAA said. In the last four weeks, motorists have seen the national average slowly decrease, down to today’s average.
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Lucid Motors achieved this independently verified range through in-house development of the drivetrain, in which it “miniaturized and integrated” the vehicle’s motors, transmission, and inverter and paired them with a 900+ volt architecture to achieve compactness and efficiency.
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When comparing the average cost of fueling with regular gasoline and EV charging, the cost is about 55% lower for EVs — though some states tilt considerably more favorable for EVs than others.
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A majority of states saw gas prices drop by one to two cents or saw no change at the pump. Though low, the volatility was enough to drive the national average down a penny from last Monday to $2.17.
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