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Gas Price Report: Week of Aug. 12, 2019

Gas prices take significant fall due to increased supply.

Built on a large jump in gasoline supply, the national gas price average dropped seven cents on the week to land at $2.64. This is the lowest average price in the country since March.

“On the week, nearly half of all states saw gas price averages decrease by at least a nickel,” said Jeanette Casselano, AAA spokesperson. “While gasoline demand increased week-over-week, it wasn’t enough to stay on pace with the huge jump in gasoline stocks. Therefore, pump prices continue to decline across the country.”

Today’s national gas price average is 13-cents less than a month ago and 21-cents cheaper than a year ago.

National average: $2.64

Local state averages:

CT: $2.83        MA: $2.71       NH: $2.59       NJ: $2.73         NY: $2.84       RI: $2.67

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Historical Context

This week in history: Aug. 15, 1969

The Woodstock Music Festival opens in the upstate New York town of Bethel.

National gas price average in 1969: $0.35

Cost to fill a tank (1969/2019)

GMC Yukon XL 32

$11.20/$84.48

Audi A5 15.3

$5.36/$40.39

Chevrolet Spark 9

$3.15/$23.76

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/Mobile.

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