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Gas Price Report: Week of January 28, 2019

Gas prices tick up slightly but are expected to drop or hold steady through the week.

Motorists across the country saw a slight uptick in gas prices. Nearly 25 states’ gas price average increased on the week, but the national average rose just one cent to $2.26. Today’s national gas price average is three cents cheaper than a month ago and 33 cents less expensive than a year ago.

Forecast

The fluctuating national and state gas price averages come alongside an increase in gasoline demand and reflect recent higher crude oil prices, but it’s likely not to be a long-term trend. “With gasoline stocks sitting at their highest level on record – 259.1 million bbl coupled with colder-than-normal weather forecasted for much of the Midwest and East Coast, motorists are likely to see demand drop and gas prices decrease or hold steady this week,” said Jeanette Casselano, AAA spokesperson.

National average: $2.26

Local state averages:

CT: $2.51        MA: $2.43       NH: $2.28       NJ: $2.34         NY: $2.50       RI: $2.37

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Historical Context

This week in history: Jan. 30, 1975

Erno Rubik applies for a patent for his “Magic Cube,” which would come to be known as a Rubik’s Cube.

National gas price average in 1975: $0.57

Cost to fill a tank (1975/2019)

Volkswagen Beetle

$8.27/$32.77

Dodge Grand Caravan

$11.40/$45.20

Toyota Sequoia

$15.05/$59.66

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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