Going nowhere fast is an apt description of the national average for a gallon of gas, which shed less than a penny since last week to reach $3.02. It has been close to the $3 level for five weeks yet faces stubborn resistance. Meanwhile, today’s national average per kilowatt hour of electricity at a public EV charging station remained at 34 cents.
Arizona gas prices are 4 cents cheaper this week and are now $3.14 per gallon. Prices across the state have dropped 5 cents in the last month. The most expensive gas in Arizona is in Gila County at $3.26 and the cheapest is $2.96 in La Paz County.
Today’s national average for a gallon of gas is $3.02, five cents less than a month ago and 11 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gasoline demand rose just a bit from 8.73 million b/d last week to 8.81, about 50,000 b/d lower than the same week in 2023. Meanwhile, total domestic gasoline stocks rose from 214.6 million barrels to 219.7, while gasoline production increased last week, averaging 10 million barrels daily.
Meanwhile, the EIA reports that combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles reached a record 21.2% in Q3 of 2024.
