Still-High Gas Prices: A State-By-State Look

Things still aren't much better than they were last month

   

Still-High Gas Prices: A State-By-State Look

gasmapmarch Still High Gas Prices: A State By State Look

Last month, consumer costs spiked the most in more than three years — as seen in Friday’s CPI report — thanks in large part to rising prices at the pump. Around three-quarters of the 0.7% seasonally adjusted gain was attributable to the 9.1% gain in gasoline prices.

On top of that, the national average for a gallon of regular gasoline is still sitting at the same level as a month ago: $3.69. Looking at premium prices makes the picture even less promising. Premium fuel, which is recommended or required for nearly one-third of this year’s car models, now costs around 30 cents more than regular thanks to a glut of ethanol. That’s a far wider gap than usual.

The good news, though, is that regular gas prices did decline the four months before February’s spike and are expected to begin declining again soon. Plus, the current price of $3.69 is still a penny lower than it was a week ago and significantly lower than the $3.83 cost it sported at the same time a year ago.

Things also vary depending on where you’re pumping. As usual, prices are the worst in hard-to-reach states like Hawaii and Alaska, and the clean-energy focused state of California. On the other end of the spectrum, Utah, Montana and Wyoming remain the cheapest locales.

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 $4.395 Arizona $3.721 Delaware $3.559
California $4.121 Indiana $3.710 Kansas $3.559
Alaska $4.028 Massachusetts $3.698 Texas $3.543
D.C. $3.968 Pennsylvania $3.696 Louisiana $3.538
New York $3.935 North Carolina $3.683 Mississippi $3.528
Connecticut $3.918 Maryland $3.682 Alabama $3.523
Illinois $3.818 Kentucky $3.674 New Jersey $3.513
Washington $3.802 Ohio $3.673 Arkansas $3.504
Nevada $3.799 Wisconsin $3.672 Missouri $3.501
Oregon $3.780 New Hampshire $3.657 New Mexico $3.499
Maine $3.777 Nebraska $3.649 Tennessee $3.494
Michigan $3.770 Iowa $3.626 Oklahoma $3.484
Vermont $3.769 Minnesota $3.609 South Carolina $3.475
Rhode Island $3.765 Colorado $3.564 Idaho $3.432
West Virginia $3.758 South Dakota $3.596 Utah $3.393
Florida $3.727 Virginia $3.588 Montana $3.369
North Dakota $3.727 Georgia $3.577 Wyoming $3.316

Article printed from InvestorPlace Media, http://investorplace.com/2013/03/still-high-gas-prices-a-state-by-state-look/.

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