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Gas Price Report: Week of June 17, 2019

Gas prices continue to fall even as we head into the summer months.

Th national gas price average continued its downward trend, falling six cents this week to land at $2.68. Prices have continued to drop since Memorial Day, an unusual pattern as prices tend to increase during summer months. This week’s average is 20 cents less than the same time last year. However, the latest Energy Information Administration report reveals that total domestic gasoline inventories jumped a million barrels last week, helping to push pump prices lower.

“Growing gasoline inventories are contributing to relief at the pump as we head into summer,” said Jeanette Casselano, AAA Spokesperson. “Current U.S. inventories sit at nearly 235 million barrels, which is helping to feed growing demand.”

National average: $2.68

Local state averages:

CT: $2.86        MA: $2.74       NH: $2.57       NJ: $2.78         NY: $2.87       RI: $2.73

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Historical Context

This week in history: June 18, 1983

Sally Ride becomes the first American woman to fly in space as the Space Shuttle Challenger launches.

National gas price average in 1983: $1.16

Cost to fill a tank (1983/2019)

Toyota 4Runner

$26.68/$61.64

Buick Envision

$20.07/$46.36

Volvo S60

$16.82/$38.86

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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