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Gas Price Report: Week of May 6, 2019

The national gas price average increases just one cent for the week.

After several weeks of mostly steep jumps in price, the national gas average rose just one cent this week to land at $2.89. Across the country, 27 states saw gas prices decrease or hold steady on the week. In the Northeast, only New Jersey had gas prices remain the same, while five other states saw increases ranging from one to three cents.

“While gasoline demand remains robust, gasoline inventories built for the first time since early February, which was a surprise, and contributed toward the national average only increasing by a penny” said Jeanette Casselano, AAA spokesperson. “Today’s average is just eight cents cheaper than the highest pump price of 2018, which was set going into Memorial Day.”

Today’s average is 16 cents more than last month and eight cents more expensive than this time last year.

National average: $2.90

Local state averages:

CT: $3.00        MA: $2.86       NH: $2.77       NJ: $2.94         NY: $2.97       RI: $2.88

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Historical Context

This week in history: May 10, 1994

Nelson Mandela sworn in as South Africa’s first black president.

National gas price average in 1994: $1.11

Cost to fill a tank (1992/2019)

Ford F350

$37.74/$98.60

Audi A5

$16.98/$44.37

Honda Fit

$11.77/$30.74

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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