Kathleen Zinszer
Sr. Public Aff. Specialist, PA/DE
O: (302) 299-4168
C: (610) 291-7312
KZinszer@aaamidatlantic.com

The Week
Depending on where you live in the tri-state area, you’ve been paying more or less at the pump. Philadelphia 5 county region drivers are paying a penny less than last week while Delaware drivers saw a two cent increase over last week and South Jersey motorists saw a jump of four cents on the week due to New Jersey’s new 9.3-cent gas tax increase that went into effect on October 1. The national average is unchanged on the week as gas demand saw a slight uptick. However, as the nation settles into fall, demand will likely decline as drivers take fewer roads trips.

Today’s national gas price average is $2.19, unchanged in the last week, down four cents in the last month, and down 47 cents from this time last year.

CURRENT AND PAST GAS PRICE AVERAGES
Regular Unleaded Gasoline (*indicates record high)

 

 

 

10/2/20

 

Week Ago

 

Year Ago

 

National

 

$2.19

 

$2.19

 

$2.66

 

Pennsylvania

 

$2.48

 

$2.50

 

$2.77

 

Philadelphia
(5-county)

 

$2.44

 

$2.45

 

$2.73

 

South Jersey

 

$2.18

 

$2.14

 

$2.47

 

Delaware

 

$2.19

 

$2.17

 

$2.41

 

Crude Oil

 

$37.05
per barrel
(Fri. 10/2/20 close)

 

$40.25
per barrel
(9/25/20)

 

$52.81
per barrel
(10/4/19)

 

 At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $37.05 per barrel, $3.20 lower than last Friday’s close. Crude prices fell later in the week due to market concern about increasing coronavirus infections worldwide, which could lower crude demand. The drop in prices occurred despite the Energy Information Administration’s (EIA) weekly report revealing that total domestic crude inventories decreased. Crude prices may continue to decrease if demand challenges persist. 

The Weekend
“It’s been a mixed bag across the region this week, with some areas seeing a decrease in prices at the pump, while others see a measurable increase,” says Jana L. Tidwell, manager of Public and Government Affairs for AAA Mid-Atlantic. “Despite any movement in gas prices, local drivers are paying more than 20 cents less than just one year ago.”

The Week Ahead
New Jersey drivers will see gas price increases over the next few weeks as a result of the state’s new 9.3 cent per gallon gas tax. The New Jersey Treasury Department announced the tax hike in September, citing a 2016 law requiring the state maintain $16 billion over eight years for the Transportation Trust Fund, which supports improvements to bridge and road infrastructure. Although there will be an increase, drivers will pay less than last year as a result of COVID-19.

AAA has a variety of resources to help motorists save on fuel:

AAA is the most comprehensive resource for gas prices. Unlike the Lundberg Survey of 7,000 gas stations, AAA reports reflect actual prices from credit card transactions at more than 100,000 gas stations in the U.S.

Next Weekend Gas Watch: Friday, October 9, 2020

Follow us on Twitter: @AAAPhillyNews

AAA provides automotive, travel and insurance services to 60 million members nationwide and more than 3.2 million members in Pennsylvania.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.  The not-for-profit, fully tax-paying member organization works on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel and track their roadside assistance service with the AAA Mobile appss for iPhone, iPad and Android.  For more information, visit www.AAA.com.

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TEDx Wilmington Salon

Who's in the Driver's Seat? The Transformation of Transportation

On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

  • 12 live talks given by 13 speakers
  • 368 people in attendance at the live event
  • More than 7,500 viewed the event online through Livestream, viewing events, and on the AAA Associate network
  • Online viewers came from all 50 states and approximately 30 countries around the world

View a slideshow from the event

This TEDx WilmingtonSalon was organized in partnership with AAA

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