Heading into a typically travel-heavy Labor Day weekend, gas prices are at the very least not spiraling out of control.
As of yesterday, the average price for a gallon of regular gasoline was $3.55 — a slight increase from the week prior, sure, but it still represents a 9-cent month-over-month decline and a 19-cent YOY drop. According to the Lundberg survey, the recent downward trend has been thanks to higher supplies in the wake of still-high production capacity.
Unfortunately, that trend might not last for long — even though prices generally slide even more as we head into fall since folks generally drive less. That’s because fear of a military strike in Syria has sent crude oil prices and gas futures soaring during the past few days, as many worry that a supply disruption is right around the corner.
And those rising prices could soon trickle down to a pump near you.
Of course, folks in Hawaii and Alaska are already used to paying more at the pump. Consumers in both hard-to-reach states are already shelling out more than $4 a gallon — but that’s basically par for the course. A similar story can be told for southern states like South Carolina and Alabama, which generally enjoy cheaper prices.
Below is a state-by-state roster of average gas prices from AAA’s Daily Fuel Gauge Report, listed from most to least expensive:
|Connecticut||$4.058||New Hampshire||$3.621||North Carolina||$3.478|