According to AAA, gas prices within the United States decrease, based on AAA, a typical seasonal growth trend. The change is attributed to the dynamics of supply and demand, especially a major announcement with OPEC+ and the newest data from the energy administration of energy information (OIA).
AAA reports that OPEC+ will increase oil production by over 400,000 barrels a day from next month. This unexpected increase in production caused a decrease in oil prices. The combination of surplus and poor gasoline demand implies that prices drive a lower pump.
According to OŚ, gasoline demand fell from 8.49 million barrels a day to eight.42 million barrels. The total domestic supply of gasoline also dropped, moving from 237.6 million barrels to 236.0 million barrels. Last week, gasoline production was on average 8.9 million barrels a day.
As of today, the national average gallon of bizarre gasoline is USD 3.22. This number increased from USD 3.08 a month ago, but in comparison with USD 3.61 a 12 months ago.
Oil market development
Naft oil prices have reacted to production messages and delivery levels. At the tip of the Wednesday formal industrial session, oil West Texas Intermedate (WTI) increased by USD 2.77, settling for USD 62.35 for a barrel. EIA reports that in American oil reserves, 2.6 million barrels have increased within the last week. The supplies now have 442.3 million barrels, which is about five percent below the five -year season average.
EV download prices are stable
Meanwhile, the fee of charging a public electric vehicle (EV) has remained unchanged over the past week. The national average price per kilowatt hour at public charging stations lasts a relentless level of 34 cents.
State division of state
California still manages a nation with the best average gas price of USD 4.92 per gallon, after which Hawaii (USD 4.52), Washington (USD $ 4.38), Oregon (USD 4.00) and Nevada (USD 3.97). Other states among the many 10 costliest gas markets are Alaska (USD 3.65), Illinois (USD 3.46), Arizona (USD 3.39), Pennsylvania (USD 3.38) and IDAHO (USD 3.35).
Mississippi (USD 2.73), Tennessee (USD 2.75), Oklahoma (USD 2.77), Louisiana (USD 2,81) and South Karolina (USD 2.81) are Mississippi (USD 2.75). The 10 lowest complement is Texas (USD 2.82), Kentucky (USD 2.84), Alabama (USD 2.84), Arkansas (USD 2.84) and Kansas (USD 2.87).
In the case of EV Hawaii drivers, they’ve the best public charging indicator for 56 cents per kilowatt hour. Western Virginia (47 cents), Montana (45 cents), South Karolina (43 cents) and Tennessee (42 cents). Other high costs are Idaho and Kentucky (41 cents) and Alaska, Louisiana and New Hampshire (40 cents).
And vice versa, the most cost effective EV charging states are Kansas (22 cents), Missouri (25 cents), Iowa and North Dakota (26 cents) and Nebraska and Delaware (27 cents). Southern Dakota (28 cents), Utah and Texas (29 cents) and Maryland (30 cents) fill out the list.
Despite seasonal expectations for higher fuel costs, market conditions currently exceed prices in the wrong way, offering temporary relief to drivers throughout the country.
Photo: AAA
