Friday, December 8, 2023

Gasoline reaches peak price in 2023

AAA Gas Prices reports that the national average for a gallon of gasoline was 5.00 could be the peak price of 2023from $3.88 earlier this week only to lose a few cents in the following days.

According to the gas price comparison app The current average per gallon is $3.86 a cent more than a week ago.

“The recent decline in the national average is small, but certainly typical for this time of year A large portion of the country is switching to cheaper winter gasoline said Andrew Gross, AAA spokesman.

“But the gradual seasonal decline in pump prices is being slowed by higher oil costs, That’s around $90 per barrel“ Stupid added.

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With this data, the 10 states that saw the biggest changes in their averages are:

· Nevada, +33 cents
· California, +29 cents
· Georgia, -15 cents
· Arizona, +14 cents
· Iowa, -11 cents
· Florida, +8 cents
· North Dakota, -8 cents
· Minnesota, -8 cents
· Utah, -7 cents
· Oklahoma, -7 centavos

While the 10 most expensive markets in the country are:

· California, $5.79
· Nevada, $5.06
· Washington, $5.04
· Hawaii, $4.83
· Oregon, $4.68
· Arizona, $4.65
· Alaska, $4.60
· Utah, $4.25
· Montana, $4.19
· Idaho, $4.14

AAA further reported that oil prices fell as the market remained concerned that energy demand could decline as energy increases in the future Interest rates are driving the US economy into recession. At the end of the formal trading session on Wednesday, WTI price fell 92 cents to close at $90.28.

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Nation World News Desk
Nation World News Desk
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