It appears as though the national average for gas is stuck
in neutral and has not budged since the first week of January 2025, remaining
at $3.06 per gallon.
Meanwhile, today’s national average per kilowatt hour of
electricity at a public EV charging station remained at 34 cents, the same
amount for almost five months according to an article by AAA.
“Looking back at 2024, the high point for the national
average was $3.67 on April 19, 2024, and the low was $3.01 on December 10,” said
Andrew Gross, AAA
spokesperson. “If the national average follows seasonal norms, it will
probably waffle up and down by a few cents for the next two months.”
According to new data from the Energy Information
Administration (EIA), gasoline
demand rose from 8.16 million barrels per day in early January 2024 to
8.48. Meanwhile, total domestic gasoline stocks soared from 231.4 million
barrels to 237.7, while gasoline production decreased in the same timeframe,
averaging 8.9 million barrels a day. Retail price for regular-grade gasoline
averaged $3.30 per gallon in 2024, 21 cents less than in 2023.
The EIA also reported that the U.S. produced more crude oil
than any other nation from 2018 to 2023. Numbers for 2024 are still being
crunched, but the trend will likely continue.
Crude oil production in the U.S. averaged 12.9 million
barrels daily in 2023, breaking the previous national and global record of 12.3
million in 2019. The EIA says the 2023 oil production record is unlikely to be
broken by another country anytime soon.
Today’s national average for a gallon of gas is $3.06, five
cents more than a month ago and a penny less than in 2024.
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