Current:Home > FinanceGas prices rising again: See the top 10 states where gas is cheapest and most expensive -Wealth Legacy Solutions
Gas prices rising again: See the top 10 states where gas is cheapest and most expensive
NovaQuant View
Date:2025-03-11 04:24:04
Gas prices are rising again.
The national average of a gallon of regular unleaded gas jumped 13 cents last week to $3.71, an eight-month high, according to AAA motor club.
"The primary cause appears to be the oil price, which has marched nearly $4 higher in the past few days to hover near $80 per barrel," the news release said. "As oil accounts for almost 50 percent of the cost of a gallon of gas, higher oil prices usually mean higher pump prices."
This summer's heat wave has also contributed to the rising pump prices, some experts say, as extreme heat prevents refineries from running at full capacity.
“If refineries in your region have lower or falling utilization rates, you’re more likely to see gas prices rise,” said Patrick De Haan, head of petroleum analysis of GasBuddy, a platform that helps people find cheap gas.
Nationwide, refinery utilization decreased by 0.9 percentage points from last week to 93.6%, De Haan said. Gasoline production fell to 9.5 million barrels per day, and distillate fuel production dropped to 4.8 million barrels per day last week.
“These percentages show how much of a region’s overall capacity was used to refine oil,” De Haan said. “It’s important to note these percentages because the lower the utilization percentage, the lower output, which has a direct impact on local gasoline prices.”
GAS PRICES UP:Sticker shock hits pump as heat wave, oil prices push cost to 8-month high
Here's where you can find the most expensive and cheapest gas by state, according to AAA:
States with most expensive gas
- California: $5.05 per gallon
- Washington: $4.99 per gallon
- Hawaii: $4.73 per gallon
- Oregon: $4.65 per gallon
- Alaska: $4.41 per gallon
- Nevada: $4.33 per gallon
- Utah: $4.11 per gallon
- Illinois: $4.06 per gallon
- Idaho: $4.00 per gallon
- Colorado: $3.97 per gallon
States with cheapest gas
- Mississippi: $3.33 per gallon
- Louisiana: $3.44 per gallon
- Alabama: $3.45 per gallon
- Kentucky: $3.46 per gallon
- Ohio: $3.46 per gallon
- Tennessee: $3.48 per gallon
- Texas: $3.49 per gallon
- Arkansas: $3.50 per gallon
- South Carolina: $3.54 per gallon
- Oklahoma: $3.58 per gallon
veryGood! (154)
Related
- Trump wants to turn the clock on daylight saving time
- Hacks Are Prompting Calls For A Cyber Agreement, But Reaching One Would Be Tough
- Sinaloa cartel boss who worked with El Chapo extradited from Mexico to U.S.
- New Zealand fire department releases cookbook of recipes to cook if you're drunk or high
- The White House is cracking down on overdraft fees
- All the Bombshells Explored in Jared From Subway: Catching a Monster
- The Father Of The Web Is Selling The Source Code As An NFT
- Blinken says he spoke to Russia's top diplomat about arrested American journalist
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Wake Up With Perfect Hair Every Morning and Extend Your Blowout When You Use Sleepy Tie
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Is It OK To Commemorate One Of Iraq's Bloodiest Battles In A Video Game?
- Rita Moreno Reveals the Hilarious Problem of Working With World's Tallest Person Jason Momoa
- See Kendall Jenner and Bad Bunny Share Embrace After Sushi Dinner in L.A.
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Russia arrests Wall Street Journal reporter Evan Gershkovich, accuses him of spying for U.S.
- The Real Reason Tom Sandoval Went to Raquel Leviss’ Place Amid Ariana Madix Breakup
- China says growing U.S. military presence on Philippine bases endangering regional peace amid Taiwan tension
Recommendation
Trump wants to turn the clock on daylight saving time
The Last Thing He Told Me: Jennifer Garner Unearths Twisted Family Secrets in Thriller Trailer
Black TikTok Creators Are On Strike To Protest A Lack Of Credit For Their Work
Passenger train slams into crane and derails in the Netherlands, killing 1 and injuring 19
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
See Kendall Jenner and Bad Bunny Share Embrace After Sushi Dinner in L.A.
Tom Sandoval Apologizes to Ariana Madix for His “Reckless Decisions” Amid Breakup
How 'Chaos' In The Shipping Industry Is Choking The Economy