Gas Prices Down Slightly in Past Week

The average price across the United States for a gallon of regular gasoline last week slipped 1.4 cents to $2.047, as of Monday morning. Gas prices remain near their highest levels since last November, according to GasBuddy.

Week over week, prices increased the most in Utah (11 cents) and prices rose in another 13 states. Gas prices fell in 32 states in the past week. Michigan leads that group, falling 10 cents a gallon. Missouri and Kentucky posted declines of seven cents and six cents, respectively, over the same period.

The cheapest gas in the country is available in Oklahoma ($1.796 per gallon), Missouri ($1.802), South Carolina ($1.817), Mississippi ($1.820) and Arkansas ($1.822).

Prices in four states were unchanged: Vermont, Alaska, Hawaii and Washington.
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GasBuddy noted that even though prices remain low across much of the country, higher prices are on their way:

And at a time of year when we’re accustomed to aggressive price increases necessitated by the EPA mandate for the cleaner-burning ‘summer blend’ gasoline, the national average stands 36 cents less than where we were a year ago.  Indeed, even greater savings await motorists in the summer of 2016.

The states with the highest pump prices are: California ($2.775 per gallon), Hawaii ($2.595), Nevada ($2.432), Washington ($2.291) and Alaska ($2.238).

Crude oil for May delivery traded up about 0.6% Monday morning to $39.96, after closing at $39.72 on Friday.

The most common price for regular gasoline is $1.999 a gallon, unchanged over the past two weeks, and nearly 95% of U.S. gas stations are selling gas for more than $1.75 a gallon, down slightly from a week ago.