Gas prices in the U.S. have experienced a slight uptick, with the national average for a gallon rising by two cents to $3.13. This increase has sparked concerns over potential tariffs, despite ongoing fluctuations in supply and demand. In parallel, the average cost for public electric vehicle (EV) charging remains stable at 34 cents per kilowatt hour.
Recent data from the Energy Information Administration (EIA) indicates a minor rise in gasoline demand, climbing from 8.30 million barrels per day (b/d) to 8.32 million b/d. Simultaneously, domestic gasoline supply has grown from 248.9 million barrels to 251.1 million barrels, although gasoline production has slightly decreased to 9.2 million barrels per day.
Currently, the national average price for gasoline stands at seven cents higher than last month but one cent lower than one year ago.
In market news, West Texas Intermediate (WTI) crude oil closed at $71.03 per barrel, marking a decline of $1.67 from the previous day. Furthermore, crude oil inventories have risen by 8.7 million barrels over the past week, totaling 423.8 million barrels, which remains 5% under the five-year average for this time of year.
Gas Price Breakdown: Most and Least Expensive States
Most Expensive States for Gas:
- Hawaii – $4.55
- California – $4.52
- Washington – $3.99
- Nevada – $3.71
- Oregon – $3.62
- Pennsylvania – $3.36
- Alaska – $3.33
- Arizona – $3.26
- Washington, DC – $3.26
- Illinois – $3.26
Least Expensive States for Gas:
- Mississippi – $2.68
- Texas – $2.74
- Louisiana – $2.77
- Oklahoma – $2.77
- Tennessee – $2.78
- Arkansas – $2.80
- Kentucky – $2.81
- Alabama – $2.82
- Kansas – $2.83
- Missouri – $2.85
Electric Vehicle Charging Costs
Public EV charging costs have remained stable, with Hawaii leading at 55 cents per kilowatt hour, followed by West Virginia (47 cents), Montana (44 cents), and Tennessee (42 cents).
Most Expensive States for Public Charging:
- Hawaii – 55 cents/kWh
- West Virginia – 47 cents/kWh
- Montana – 44 cents/kWh
- Tennessee – 42 cents/kWh
- Idaho – 42 cents/kWh
- New Hampshire – 42 cents/kWh
- Arkansas – 42 cents/kWh
- Kentucky – 41 cents/kWh
- South Carolina – 41 cents/kWh
- Alaska – 41 cents/kWh
Least Expensive States for Public Charging:
- Kansas – 22 cents/kWh
- Nebraska – 25 cents/kWh
- Missouri – 25 cents/kWh
- Maryland – 26 cents/kWh
- Delaware – 27 cents/kWh
- Iowa – 28 cents/kWh
- Texas – 28 cents/kWh
- Utah – 29 cents/kWh
- Michigan – 30 cents/kWh
- North Dakota – 30 cents/kWh
With crude oil inventories remaining below the five-year average and market uncertainty stemming from tariff concerns, fluctuations in gas prices are likely to continue in the near future. Consumers are encouraged to stay vigilant about fuel prices and seek out cost-saving options where possible.
