Falling Gas Prices: A State-By-State Look

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After bracing ourselves for $5 gas at the start of the year, gasoline prices have slowly made their way back down. Despite new credit card fees at the pump, low fuel costs are expected to help heat up the summer investment landscape, while also making it easier for everyday Americans get from point A to point B.

Nationally, the average price of gasoline is hovering around $3.50 per gallon — down 15 cents from the average a year ago — but prices vary between regions. Looking at the above graph, you can see that Southern states carry some of the lowest prices, many under $3.29. States along the West Coast are pushing $4, while non-mainlanders Alaska and Hawaii have it the worst, with gas costing $4 and change.

Below is a state-by-state roster of average gas prices from AAA’s Daily Fuel Gauge Report, listed from most to least expensive:

State Price State Price State Price
Hawaii $4.401 Ohio $3.620 Oklahoma $3.403
Alaska $4.291 North Dakota $3.617 Maryland $3.399
California $3.977 D.C. $3.608 Kentucky $3.389
Washington $3.962 Wisconsin $3.585 Delaware $3.362
Oregon $3.927 Rhode Island $3.578 New Jersey $3.360
Idaho $3.755 Wyoming $3.576 North Carolina $3.333
Michigan $3.733 West Virginia $3.572 Florida $3.321
Nevada $3.730 South Dakota $3.566 Missouri $3.304
Connecticut $3.718 Nebraska $3.563 Texas $3.293
Colorado $3.713 Arizona $3.562 Georgia $3.263
Illinois $3.710 New Mexico $3.534 Virginia $3.269
Montana $3.705 Maine $3.507 Louisiana $3.241
New York $3.703 Massachusetts $3.491 Arkansas $3.228
Utah $3.690 Iowa $3.487 Tennessee $3.162
Minnesota $3.668 New Hampshire $3.464 Alabama $3.157
Vermont $3.658 Kansas $3.459 Mississippi $3.139
Indiana $3.639 Pennsylvania $3.430 South Carolina $3.077

Article printed from InvestorPlace Media, https://investorplace.com/2012/06/falling-gas-prices-a-state-by-state-look/.

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