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Gas Price Report: Week of February 11, 2019

Frigid temperatures cause oil demand to drop and the national gas price average to increase.

The national gas price average rose two cents since last week, landing at $2.28. Nearly half of all states saw an increase in price, some at more than 10 cents.

Frigid temperatures that plagued much of the country last week contributed toward a half a million barrel per day drop in demand. “Fluctuating gasoline stocks due to planned and unplanned maintenance at refineries as well as instability in demand, likely due to frigid temperatures, are all contributing toward movement at retail pumps across the country,” said Jeanette Casselano, AAA spokesperson.

This week’s national gas price average is four cents more expensive than a month ago and 30 cents less expensive than a year ago.

National average: $2.28

Local state averages:

CT: $2.45        MA: $2.38       NH: $2.24       NJ: $2.32         NY: $2.47       RI: $2.32

Historical Context

This week in history: Feb. 12, 1959

The Lincoln Memorial design on the U.S. penny goes into circulation. It replaces the “sheaves of wheat” design.

National gas price average in 1959: $0.31

Cost to fill a tank (1959/2019)

GMC Sierra 1500 

$8.06/$59.28

Dodge Grand Caravan

$6.20/$45.60

Chevrolet Sonic

$3.78/$27.82

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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