Gas prices will remain high for seven years

Prices are high in California.

11/19/2021

The concept of high gas prices
Photo (c) MCCAIG – Getty Images

There is a lot of pain in the gas pump, but at least it is not getting worse. Prices stabilized for another week.

According to the AAA, the national average gas price is 3.41 gallons, the same as last Friday. A gallon is only nine cents more than a month. The average price of premium gas is 4.03 gallons, the same as last week. The average price of diesel is $ 3.64, the same as last week.

The Biden administration this week asked the Federal Trade Commission (FCC) to investigate the involvement of the oil industry in fraud. However, industry analysts say that the rise in oil prices has slowed down and U.S. producers are slowing down production after the outbreak.

Patrick Dehan, head of petroleum analysis at GasBuddy, reports that demand for gasoline has been high since the beginning of the week on August 22.

Prices at the pump were stable throughout the country this week, despite exceptional circumstances. Drivers in Arizona have averaged eight cents per gallon. In California, where prices are higher this week, the average price has risen by five cents per gallon.

Some regions have shown discounts. Oklahoma maintains a four-cent drop of cheap gas as a state. Texas prices fell four cents this week.

States with the most expensive gas

These states currently have high prices for standard gas, according to AAA.

  • California ($ 4.69)

  • Hawaii ($ 4.35)

  • Nevada ($ 3.98)

  • Washington ($ 3.87)

  • Oregon ($ 3.79)

  • Alaska ($ 3.72)

  • Arizona ($ 3.72)

  • Utah ($ 3.70)

  • Idaho ($ 3.69)

  • Pennsylvania ($ 3.60)

States with the cheapest gas

According to the AAA, these states currently have lower prices for regular gas.

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