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Gas Price Report: Week of Aug. 5, 2019

Although the trend appears to be slowing down, gas prices continue to fall across the country.

The national gas price average fell this week, coinciding with a small dip in demand. This week’s national average of $2.71 is two cents cheaper than last week, cents cents cheaper than last month, and 15 cents cheaper than one year ago.

“While gas prices continue to drop, the rate at which they are decreasing has slowed,” said Jeanette Casselano, AAA spokesperson. “On the week, most states saw cheaper pump prices of only a few pennies and motorists can expect this trend to continue into early August.”

National average: $2.71

Local state averages:

CT: $2.87        MA: $2.73       NH: $2.62       NJ: $2.78         NY: $2.86       RI: $2.71

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Historical Context

This week in history: Aug. 8, 1974

President Richard M. Nixon announces his resignation, becoming the first president in American history to resign.

National gas price average in 1974: $0.53

Cost to fill a tank (1974/2019)

Toyota 4Runner

$12.19/$62.33

Buick Envision

$9.17/$46.88

BMW i3

$1.27/$6.50

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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