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Falling Gas Prices: A State-by-State Look

The price at the pump has been on the way down of late


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:

State Price State Price State Price
Hawaii $4.389 Wisconsin $3.562 Indiana $3.419
Alaska $3.995 Pennsylvania $3.560 Delaware $3.417
California $3.980 Maryland $3.550 Texas $3.408
D.C. $3.878 Utah $3.539 Kansas $3.404
New York $3.794 Massachusetts $3.538 Georgia $3.383
Connecticut $3.773 Idaho $3.530 Ohio $3.375
Washington $3.702 South Dakota $3.523 Montana $3.365
Nevada $3.694 Florida $3.521 Louisiana $3.351
Illinois $3.681 Michigan $3.512 Alabama $3.349
Oregon $3.669 North Carolina $3.504 Wyoming $3.347
North Dakota $3.636 Minnesota $3.495 New Jersey $3.347
Rhode Island $3.627 New Hampshire $3.492 Mississippi $3.346
Vermont $3.605 Iowa $3.465 Oklahoma $3.340
Maine $3.599 Virginia $3.455 Arkansas $3.336
West Virginia $3.590 Nebraska $3.445 Missouri $3.334
Arizona $3.586 New Mexico $3.440 Tennessee $3.320
Colorado $3.566 Kentucky $3.431 South Carolina $3.309

Article printed from InvestorPlace Media,

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