Gas Prices Have Been Dropping

Over the last several weeks, gas prices have been falling quickly. Information that we received from OPIS Oil Price Index Service shows the craziness on gas prices. It also shows that your fuel card is probably taking a little bit of a rest for right now from coming out of your pocket.

The Top 15 Fueling Facts on Gas Prices

1. The national average dropped to $3.328 it’s lowest level since July 2nd and the 5th lowest average of the year. The lowest price came on New Years Day when the price started the year at $3.278. All indications are that we will breach that mark in the coming days.
2. The median price is $3.299 five cents per gallon higher than it was last year.
3. The most common price is also $3.299 the same as it was last year.
4. Today, 5.7% of all stations are priced under $3.00 per gal compared with 1.2% last month and 6.2% last year.
5. Only 17.1% of all stations are priced above $3.50 per gal compared with 24.7% last month and 12.1% last year.
6. The 365 day rolling average is $3.603 per gal its highest level ever.
7. Missouri is the cheapest state with an average of $3.033 per gal followed by Oklahoma, and Texas.
8. Hawaii is the only state still above $4.00 per gallon with an average of $4.001 per gal.
9. Indiana saw the biggest overnight drop with prices falling by 2.6 cts per gal.
10. Alaska was the only state to see an increase from yesterday with the average price rising by 0.7 cents per gal. We have 5 more fuel savings fun. Read this first: Xmas Diesel Fuel Prices
11. Every state has seen it price fall from last week with Idaho dropping the most with a decline of 10.5 cts per gal and Ohio off the least with a discount of 2.8 cts per gal.
12. Idaho also has fallen the most when compared to last month with a drop of a whopping 33.2 cts per gal. Other states that have seen prices fall in the past 30 days by more than 25 cts per gal include Washington, Arizona, Alaska, Wyoming, Oregon and New Jersey.
13. New York and Pennsylvania are the only two states that have an average today that is higher than it was six months ago. New York is at a 3.2 cts per gal premium while Pennsylvania is up by 3.9 cts per gal.
14. Only Nine states have a lower price today than they did last year with Alaska seeing the greatest differential of 23.9 cts per gal. Washington and Oregon are next with prices 12.1 and 10.4 cts per gal less respectively.
15. The range in prices from the highest and lowest priced stations has shrunk from $1.412 per gal last month to $1.132 per gal today

More fleet fueling information to come. Complimentary Fuel Audit or call 267-482-6159