People drive more during warmer weather, so the demand is higher. In addition, during the summer months, gas refineries must use more expensive gasoline components in order to meet federal guidelines. In which seasons are gas prices the lowest? Winter months usually have lower gas prices since people tend to drive less due to the poor road conditions. Gas is also cheaper for refiners because they don't have to worry about evaporation.
What is the best day of the week to buy gas? The best day to buy gas is Monday, according to a Gas Buddy study. The next best day to buy gas is Sunday. What is the worst day of the week to buy gas? Fridays are the most expensive day to buy gas. In a Gas Buddy study , 19 states had the highest gas prices at the end of the work week. What is the best time of day to get gas? What is the average price of diesel fuel in ?
What was the average price of diesel fuel in ? This is 0. Gas prices are based largely on supply and demand. Typically, gas costs less during the winter months when drivers are less likely to be on the road. Similarly, prices tend to rise during the spring and summer months when more drivers are on the road. Sources : Energy. Write to Kim P at feedback creditdonkey. Follow us on Twitter and Facebook for our latest posts. Energy Information Administration to determine the average cost of a gallon of gas every year since Americans have been roiled by oil-price turbulence in the past, most notably in the early s.
Recent attacks by Iran on oil tankers in the Strait of Hormuz — the critical passageway for oil to reach Europe and other destinations — have rattled the energy markets, slightly raising prices of crude. Even so, we are in a period of relative oil price stability. States also impose gasoline taxes, which vary from state to state and affect the average price nationwide.
Here are the states with the highest and lowest gas taxes. For example, the cost of a barrel of oil more than doubled in the early s, when oil-exporting Arab states imposed an embargo to retaliate against the United States for lending military aid to Israel. Adjusting the price of gasoline in the United States for inflation highlights just how much motorists actually pay for a gallon of gas. Similarly, though gas stations nationwide sold gas by the gallon for less than a quarter through much of the first half of the 20th century, accounting for inflation, it was not until the s that real gas prices hit an all-time low.
Energy Information Administration to determine the average cost of a gallon of gas every year since We also reviewed the price of a barrel of oil each year, average daily U.
Annual data on total gasoline consumption and per capita consumption is only available from through the present. More: Employment stagnation: Which city in your state is weakest for job growth? Price per gallon inflation adj. More: These are the 25 worst cities in the U.
More: Priced out of the market? Cities where the middle class can no longer afford a home. More: What city is adding the most jobs in your state? A look at who's hiring.
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