August gasoline prices plateau

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Gasoline prices have plateaued, remaining flat for the past two weeks, according to the AAA. Nationwide, the average gasoline price is $2.86.

The average is one cent less than last week, three cents less than July and 51 cents more than August 2017.

“With a flat national average, U.S. gasoline supply and demand suggest they are balancing,” Jeanette Casselano, AAA spokesperson, said. “But that’s not to say that we could not see spikes in demand closer to Labor Day as motorists squeeze in those final road trips.”

The West Coast remains the country’s most expensive market, although prices throughout the region have dropped. Hawaii has the most expensive prices in the nation at $3.76 a gallon.

In the Mid-Atlantic and Northeast, four states have prices of more than $3 a gallon.

Seven of the 10 least expensive states are in the South and Southeast region, yet three states in the region saw prices increase. The country’s least expensive market is Mississippi at $2.56 a gallon.

Ohio had the nation’s largest price decrease, falling 10 cents.

Gasoline inventories grew for the first time in six weeks adding 3 million barrels, according to the Energy Information Administration. The exception is in the Rockies where inventory fell 300,000 during the same period.