Falling Gas Prices: A State-by-State Look

by Alyssa Oursler | November 5, 2012 11:37 am

Falling Gas Prices: A State-by-State Look

november gas prices Falling Gas Prices: A State by State Look

Hurricane Sandy made its way up the East Coast last week, but gas prices have been moving in the opposite direction. In fact, prices at the pump dropped more in the past two weeks than they have since the 2008 crisis.

Today, the national average price of a gasoline sits at $3.47 — slightly higher than it was a year ago, but more than 30 cents lower than it was a month ago. And from Oct. 19 to Nov. 2, gas prices dropped just less than 21 cents.

Why? Well, lower crude prices and Hurricane Sandy have both played a role. While the storm forced many to line up for gas[1], those folks were mostly unable to travel. Plus, travel tends to decline in the winter, anyways. On top of that, recently spiking prices[2] in California leveled out.

As usual, prices are the highest in hard-to-reach states, but even prices in Hawaii — the most expensive state of all — are nearly 20 cents cheaper than they were at the start of October. And last month, even the cheapest states had to pay more than $3.50 per gallon. Now, Southern states are enjoying quite a discount from those numbers. Experts don’t expect upward movement anytime soon, either.

Below is a state-by-state roster of average gas prices from AAA’s Daily Fuel Gauge Report[3], listed from most to least expensive:

State Price State Price State Price
Hawaii $4.281 West Virginia $3.602 Iowa $3.335
Alaska $4.121 Montana $3.599 Virginia $3.333
California $3.979 Arizona $3.595 Ohio $3.317
New York $3.962 Wyoming $3.590 Louisiana $3.313
Connecticut $3.888 New Hampshire $3.587 Kentucky $3.307
Idaho $3.766 North Dakota $3.536 Indiana $3.295
Utah $3.745 Colorado $3.523 Georgia $3.291
Nevada $3.743 Maryland $3.511 Kansas $3.286
Rhode Island $3.742 Delaware $3.501 Alabama $3.266
Vermont $3.741 South Dakota $3.477 Mississippi $3.261
Oregon $3.724 Illinois $3.470 Minnesota $3.258
Washington $3.687 New Mexico $3.447 Texas $3.256
Massachusetts $3.683 Florida $3.421 Arkansas $3.253
D.C. $3.671 Michigan $3.407 Tennessee $3.227
Pennsylvania $3.654 Nebraska $3.398 Oklahoma $3.193
Maine $3.643 Wisconsin $3.391 South Carolina $3.146
New Jersey $3.615 North Carolina $3.375 Mississippi $3.13
Endnotes:
  1. line up for gas: http://investorplace.com/2012/11/nyc-new-jersey-strangled-by-post-sandy-gas-shortage/
  2. recently spiking prices: http://investorplace.com/2012/10/california-gas-prices-spike-on-refinery-outages/
  3. AAA’s Daily Fuel Gauge Report: http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp

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