As gasoline demand fell 440,000 barrels a day to 8.5 million barrels a day, according to the Energy Information Administration (EIA), domestic supplies of both crude oil and gasoline climbed by 1.8 million and 4.1 million barrels a day, respectively. The drop in gasoline demand was in line with expectations for this time of year but still led to the second-lowest weekly demand figure since the end of May.
The increase in inventories of both crude and gasoline came as domestic refiners appear to be entering fall maintenance season: refinery utilization fell from 93 to 91.4 percent of capacity last week, according to the EIA. Gasoline production dipped 363,000 barrels a day to 9.34 million barrels a day, which was more than enough to meet demand. Here in the Northeast, inventories of gasoline ticked up by 1.6 million barrels.
Oil and gas prices face additional pressure on expectations of a global oil oversupply later this year. OPEC and allied producers on Sunday agreed to yet another production increase in November, this time by 137,000 barrels a day. Since April, the cartel has rolled back more than 2.2 million barrels a day of production cuts dating back to 2023.
“Thanks to lower gasoline demand, it’s unlikely that seasonal refinery maintenance will lead to higher gas prices this year, even if production slows in the short term,” said Mark Schieldrop, senior spokesperson for AAA Northeast. “Even as production has dipped, supplies have climbed.”
AAA Northeast’s Oct. 8 survey of fuel prices found the current national average down 5 cents from last week ($3.16), averaging $3.11 per gallon. Today’s national average price is 8 cents lower than a month ago ($3.19) and 7 cents lower than this day last year ($3.18).
| Region | Current Price* | One Week Ago | One Month Ago | One Year Ago |
| Massachusetts | $3.05 | $3.07 | $3.12 | $3.06 |
| Rhode Island | $3.01 | $3.06 | $3.15 | $2.97 |
| Connecticut | $3.10 | $3.14 | $3.20 | $3.07 |
| New York | $3.17 | $3.19 | $3.26 | $3.23 |
| New Jersey | $3.02 | $3.07 | $3.17 | $2.97 |
*Prices as of Oct. 8, 2025
Today, Oklahoma and Mississippi have the lowest prices in the nation at $2.58 and $2.67, respectively. California and Washington hold the highest prices in the nation this week at $4.66 and $4.50, respectively.
The AAA Gas Prices website is your resource for up-to-date fuel price information. Search for average gas prices on national, state and metro levels by regular, plus, premium and diesel.
