US national gas price average rose two cents to US$3.09 in week ended Jan. 18 and was 3 cents higher month-over-month; gas demand declined to 8.27 million b/d from 8.33 million b/d last week, total domestic gasoline stocks rose by 3.1 million bbl: AAA

WASHINGTON , January 19, 2024 (press release) –

The national average for a gallon of gas squeaked out a two-cent gain since last week to $3.09. A likely culprit could be wintery weather, which hampers refining operations and gasoline distribution. This has resulted in some frigid regions seeing pump price jumps.

“If June and July are when we typically see the highest gas prices, then December and January are when we see the lows. And this pattern is holding firm,” said Andrew Gross, AAA spokesperson. “The national average for gas will probably maintain this slow shuffle higher for the next week or two.”

For the complete report, including the latest EIA data and oil market dynamics, please visit https://gasprices.aaa.com/gas-prices-take-it-slow/

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