Gas prices slowly decline across state

Dianna Christensen
December 13, 2017

The month of December continues to deliver discounts at the pump for USA motorists, according to the auto club AAA.

Gasoline prices are poised to point lower for at least the early portion of the week ahead, while any rebound in oil prices could affect retail gasoline prices toward the weekend.

According to the gasoline price website GasBuddy, the average price for gas in North Carolina is at $2.32/g as of Sunday. Today, that spread has doubled with premium gasoline costing nearly 50 cents more per gallon and is still climbing.

Prices in our state were 14.9 cents per gallon higher during this time previous year and are 7.6 cents per gallon lower than they were just one a month ago.

Locally, the average price for one gallon of unleaded gas December 10 was $2.24 - three cents per gallon lower than the previous week. Six states in the region are on the top ten most expensive list for gasoline prices: Hawaii ($3.29), Alaska ($3.21), California ($3.13), Washington ($2.95), OR ($2.80) and Nevada ($2.68).

"We're anticipating prices about $2.10 a gallon", said Redman.

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Drivers who shell out the extra cash to fill their tanks with premium fuel may be wasting their money, according to new research by AAA. Weak demand contributed to the build, even as gasoline production in the region fell to 1.48 million barrels per day, and will continue to help prices decline throughout the fall and winter.

The latest report from the EIA shows that total gasoline stocks in the region hit almost 30 million barrels, the highest point since April 29.

Of the 10 Kansas cities regularly highlighted by AAA Kansas (see chart above), all saw gas price declines this week, with the largest drops being Hays (-12 cents), Garden City (-9), and Emporia, Kansas City, Kan. and Wichita (all at -5).

The price for a barrel of oil settled at $57.36 on Friday, $1 less than the week before.

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