An American Automobile Association (AAA) report has determined gas prices are declining during October.
Officials point to reduced refinery runs, due to peak maintenance season, as contributing factors to stable gasoline inventories amid lower demand, resulting gas prices being driven down.
“Motorists across the country are seeing gas prices more than a dime cheaper than last week, with 41 states having less expensive state averages on the week,” Jeanette Casselano, AAA spokesperson, said. “Prices are falling despite market concerns about global supply and geopolitical tensions, but that could change later this month ahead of the U.S. announcement of imposed sanctions on Iran.”
The national gas price average is $2.85, AAA officials said, adding that is $0.06 cheaper than this month’s highest price of $2.91, which was the most expensive average during the month of October since 2014. The price is also $0.04 lower than last week, the same price as last month and $0.39 more than this time last year.
The report revealed the nation’s top 10 least expensive markets are: Delaware ($2.56), Ohio ($2.57), South Carolina ($2.58), Mississippi ($2.58), Missouri ($2.59), Alabama ($2.60), Louisiana ($2.60), Texas ($2.61), Arkansas ($2.61) and Oklahoma ($2.61) while the nation’s top 10 largest weekly decreases are experienced in Ohio, Delaware, Michigan, Indiana, Kentucky, Iowa, Maryland, Illinois, Oklahoma and Missouri.