October Begins with Steady Pump Prices

Washington, D.C.–Stability is the name of the game to start October with the national average for a gallon of regular the same as it was one week ago at $3.15. Tis the season for lower gas prices as demand drops and gas stations make the switch to winter-blend gasoline which is cheaper to produce. Crude oil supply remains robust as OPEC+ – a group of oil-producing countries – is likely to announce in the coming days another production increase in November. That surplus coupled with weaker demand is keeping pump prices down, even as some U.S. refineries are expected to go offline this month for seasonal maintenance.

The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 36 cents. 

For the complete fuel report, including the latest EIA data, state gas and EV charging price trends, and oil market dynamics, please visit AAA Fuel Site.