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Gas Price Report: Week of Oct. 14, 2019

Gas prices to continue to drop for the third-consecutive week despite high demand.

Gas prices are decreasing for the majority of motorists across the country, falling to a national average of $2.63. This comes despite an unseasonal spike in demand.

“The national gas price average has been gradually decreasing the past three weeks and we expect this trend to continue, barring any major industry or geopolitical events,” said Jeanette Casselano, AAA spokesperson. “But the real savings we’re seeing is when prices are compared to this same time last year. Drivers in some states are paying 40 cents less per gallon than they were last October.”

This week’s national gas price average is two cents less than last week and 26 cents cheaper than last year, but six-cents more expensive than last month.

National average: $2.63

Local state averages:

CT: $2.66        MA: $2.57       NH: $2.46       NJ: $2.55         NY: $2.70       RI: $2.50

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Historical Context

This week in history: Oct. 17, 1931

Gangster Al Capone is sentenced to 11 years in prison for tax evasion. It marks the downfall of one of the most notorious criminals of the 1920s and 1930s. He began serving his time at the U.S. Penitentiary in Atlanta, but amid accusations that he was manipulating the system and receiving cushy treatment, he was transferred to the maximum-security lockup at Alcatraz Island.

National gas price average in 1931: $0.17

Cost to fill a tank (1931/2019):

Ford Explorer

$3.70/$57.33

Toyota Camry SE

$2.72/$42.08

Chevrolet Volt Hybrid

$1.51/$23.40

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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