The national average price of regular unleaded continued its steady decline this week to near $2.22 and finished the week with a slightly higher price that a year ago, according to data from AAA and the federal government.
by Staff
October 25, 2016
2 min to read
The national average price of regular unleaded continued its steady decline this week to near $2.22 and finished the week with a slightly higher price than a year ago, according to data from AAA and the federal government.
Gasoline fell 15 of the 16 days leading up to Oct. 24 and reached $2.22, which was 1 cent higher than a year ago, according to AAA. The national average was down 17 cents compared to the 2016 peak of $2.39 reached in June.
Ad Loading...
The federal government reported a similar trend with the average price reaching $2.243 for a 1.4-cent decline in the week ending Oct. 24. The price was 1.5 cents higher than a year ago.
Seasonal refinery maintenance continues across the U.S., which has brought pressure to prices in certain regions, including the West Coast and East Coast.
Although gasoline demand typically retreats during the fall due to lower driving demand and the switchover to winter-blend gasoline, continued unplanned outages could create volatility and put pressure on the national average in the near term, according to AAA.
The biggest weekly price decreases as reported by AAA include Ohio (12 cents), Michigan (12 cents), Illinois (6 cents), Wisconsin (5 cents), Kentucky (5 cents), Georgia (4 cents), South Carolina (4 cents), Tennessee (4 cents), Oklahoma (3 cents) and Kansas (3 cents).
The nation’s 10 most expensive markets include Hawaii ($2.89), California ($2.78), Washington ($2.73), Alaska ($2.63), Oregon ($2.55), Nevada ($2.51), Idaho ($2.46), District of Columbia ($2.45), Pennsylvania ($2.40) and Montana ($2.37).
Ad Loading...
Prices declined in three regions as tracked by the U.S. Energy Information Administration, including the East Coast, Lower Atlantic and Gulf Coast.
Meanwhile, the average price of diesel fell three-tenths of a cent to $2.478. Diesel is now 2 cents lower than it was a year ago.
National average jumps to $4.04 per gallon, up sharply from last year, with West Coast prices topping $5 and further increases expected amid rising oil tensions.
With oil prices rising again, AWP Safety’s fleet manager shares how to respond to rising fuel costs and how the right strategy can turn fuel spikes into cost-saving opportunities.
Rapid swings in crude oil prices driven by the conflict in the Middle East could create longer-term cost pressures for fleets, affecting fuel prices, supply chains, and vehicle strategy, says NTEA’s Andrew Wrobel.
48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
Fleet managers can use the DOE’s 2026 Fuel Economy Guide to benchmark MPG across powertrain types using side-by-side vehicle ratings and compare new model-year options.