The national average for a gallon of regular gas went up a couple of cents since last week to $2.84. Drivers are still paying less than they were last year when the national average was $3.08. Pump prices are typically low in January thanks to a dip in gas demand and cheaper winter blend gasoline. Crude oil prices remain low as markets keep an eye on tensions in Iran, which is a member of OPEC and one of the world’s top oil producers. Any disruption to Iran’s oil infrastructure could have a ripple effect on gas prices here at home. 

Today’s National Average: $ 2.844 

One Week Ago: $2.819 

One Month Ago: $2.906 

One Year Ago: $3.089 

According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.17 million b/d to 8.30 million. Total domestic gasoline supply increased from 242 million barrels to 251 million. Gasoline production increased last week, averaging 9.0 million barrels per day. 

Oil Market Dynamics 

At the close of Wednesday’s formal trading session, WTI rose 87 cents to settle at $62.02 a barrel. The EIA reports crude oil inventories increased by 3.4 million barrels from the previous week. At 422.4 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year. 

EV Charging 

The national average per kilowatt hour of electricity at a public EV charging station remains at 38 cents. 

State Stats 

Gas 

The nation’s top 10 most expensive gasoline markets are Hawaii ($4.40), California ($4.21), Washington ($3.79), Alaska ($3.47), Nevada ($3.35), Oregon ($3.33), Washington, DC ($3.10), Pennsylvania ($3.01), Michigan ($2.99), and Vermont ($2.99). 

The nation’s top 10 least expensive gasoline markets are Oklahoma ($2.32), Texas ($2.42), Kansas ($2.42), Mississippi ($2.43), Louisiana ($2.43), Arkansas ($2.45), Missouri ($2.46), Wyoming ($2.49), Alabama ($2.50), and Iowa ($2.50). 

Electric 

The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (52 cents), Alaska (48 cents), Hawaii (45 cents), Louisiana (44 cents), New Hampshire (43 cents), South Carolina (43 cents), Alabama (42 cents), New Jersey (42 cents), Tennessee (42 cents), and California (42 cents). 

The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (25 cents), Wyoming (27 cents), Missouri (28 cents), Nebraska (28 cents), Delaware (31 cents), Utah (31 cents), Maryland (32 cents), Iowa (32 cents), Vermont (32 cents), and Colorado (33 cents). 

Drivers can find current gas and electric charging prices along their route using the AAA TripTik Travel planner.