Well, do you want the good news or bad news?
The good news: The national average price of a gallon of gasoline has been on its way down and is currently sitting at $3.53 — nearly 7 cents less than the price a week ago, 16 cents less than the price a month ago and a hefty 38 cents than the price a year ago.
That fleshes nicely with early forecasts that the annual gas bill for drivers in 2013 was expected to fall for the first time in four years thanks to ample supply and weak U.S. demand.
The bad news, though, is that we might be paying a little more at the pump shortly thanks to a looming uptick in gas taxes, as InvestorPlace contributor Aaron Levitt recently noted. The national gasoline tax hasn’t been raised since 1993, but will likely be shortly to make up for a lack of infrastructure funding.
Still, for now, things look pretty good. The only state above the $4-mark is hard-to-reach Hawaii, while Alaska and California aren’t far behind … as usual. D.C., New York and Connecticut are also relatively expensive locales, while Southern states remain the cheapest locales — another common trend. Below is a state-by-state roster of average gas prices from AAA’s Daily Fuel Gauge Report, listed from most to least expensive:
|North Dakota||$3.636||Minnesota||$3.495||New Jersey||$3.347|
|Rhode Island||$3.627||New Hampshire||$3.492||Mississippi||$3.346|