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Gas Price Report: Week of Oct. 21, 2019

Gas prices rise by a penny nationally as gasoline supplies decrease.

The national gas price average rose one cent on the week, even though nearly half of states saw an increase, some by as much as a nickel or more. The price increase mostly affected Western states. It was caused by U.S. refinery utilization dropping to its lowest rate – 83% – since September 2017. This caused tightening gasoline supplies.

“Peak refinery maintenance season has caused volatility across the country,” said Jeanette Casselano, AAA spokesperson. “Motorists can expect fluctuations at the pump likely through the end of the month due to ongoing maintenance and tighter gasoline supply.”

Today’s national average of $2.64 is one penny more than last week, two cents more than last month and 21-cents cheaper than last year.

National average: $2.64

Local state averages:

CT: $2.62        MA: $2.55       NH: $2.45       NJ: $2.56         NY: $2.69       RI: $2.51

Historical Context

This week in history: Oct. 22, 1962

In a televised speech, President John F. Kennedy warns the country of Soviet missile bases in Cuba. During the next six days, the Cuban Missile Crisis escalated to the brink of nuclear war.

National gas price average in 1962: $0.31

Cost to fill a tank (1962/2019):

GMC Yukon Denali

$9.61/$81.84

Chevrolet Malibu

$4.89/$41.71

Honda Civic Hatchback

$3.84/$32.73

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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