Marilyn Buskohl
Public Affairs Director
O: (605) 310-4614
C: (605) 367-3964
Marilyn.buskohl@aaasd.org

Gas Prices Dropping with Temperatures Across the Country

January 21, 2020 - The national gas price average is $2.54, which is three cents cheaper than last week, a penny less than last month, yet 30-cents more than a year ago. Gas prices edged cheaper in the last week as gasoline stocks grew, measuring at 258 million bbl - a stock level not recorded by the Energy Information Administration (EIA) in nearly a year.

South Dakota Gas Prices

Today

$2.45

Yesterday

$2.44

Last week

$2.48

Last month

$2.50

Last year

$2.14

“Motorists across the country are paying less to fill-up as U.S. gasoline supply outpaces demand this winter,” said Marilyn Buskohl, AAA spokesperson. “Typically, we see cheaper gas prices this time of year as motorists generally drive less.”

Today, gas prices are $2.50 or less at 61% of gas stations in the country.

Quick Stats 

  • The nation’s top 10 largest weekly decreases are: Michigan (-10 cents), Indiana (-9 cents), Delaware (-9 cents), Illinois (-6 cents), Maryland (-6 cents), South Carolina (-6 cents), North Carolina (-4 cents), Texas (-4 cents), Georgia (-4 cents) and Pennsylvania (-4 cents). 
  • The nation’s top 10 least expensive markets are: Missouri ($2.16), Texas ($2.23), Oklahoma ($2.23), Mississippi ($2.24), Arkansas ($2.25), Kansas ($2.26), Louisiana ($2.26), South Carolina ($2.28), Delaware ($2.29) and Alabama ($2.31).

Great Lakes and Central States

State gas price averages in the region are as much as a dime cheaper on the week. Three Great Lakes and Central states land on the top 10 list for largest weekly changes: Michigan (-10 cents), Indiana (-9 cents) and Illinois (-6 cents). Motorists in the region are paying $2.16 - $2.61 to fill-up.

While motorists in the region are paying less compared to last week to fill-up, they are paying a lot more compared to this time last year. Gas prices are at least a quarter more expensive across the region, with Ohio (+54 cents) having the largest year-over-year difference.

Regional gasoline stocks built by 1.5 million bbl, according to the EIA, bumping totals to 56.5 million bbl. Stocks have been steadily building since mid-November and are at the highest level for the region in ten months. Typical regional fluctuation aside, gas prices are poised to continue to edge cheaper through the end of the month.  

Oil Market Dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by two cents to settle at $58.54. Crude prices fell last week after new data showed that China’s economy, the world’s second largest, grew by 6.1% in 2019. It is the country’s slowest expansion in 29 years. The slower-than-expected growth rate has increased market concerns that global crude demand may decline this year. If those concerns continue into this week, crude prices could decrease again.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile. 

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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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