Delaware drivers saw a nine-cent average increase in gas prices during the past week as the price of crude oil rose over concern about yet another Gulf hurricane, Wilmington-based AAA Mid-Atlantic reported.
The Dover area continued to have the state’s lowest gas prices. Warehouse clubs, Costco, BJ’s, and Sam’s were offering prices that were 30 cents a gallon below the state’s average per gallon price.
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Regular Unleaded
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Pennsylvania
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Delaware
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New Jersey
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Current avg. price per gallon
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$2.49
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$2.32
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$2.24
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Yesterday avg.
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$2.49
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$2.31
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$2.24
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One week ago avg.
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$2.48
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$2.23
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$2.23
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Month ago avg.
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$2.50
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$2.24
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$2.21
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Year ago avg.
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$2.74
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$2.31
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$2.54
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Highest avg. in 2019
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$3.05 (5/03/19)
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$2.80 (4/29/19)
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$2.93 (5/02/19)
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Highest avg. recorded
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$4.07 (7/16/08)
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$4.07 (6/18/08)
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$4.00 (7/8/08)
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NYMEX trading Monday, West Texas Intermediate (WTI) crude oil had fallen more than $1 a barrel from Friday, after the storm passed through Louisiana.
Domestic crude prices increased due to market concerns around Hurricane Delta’s impact on the Gulf Coast region. Major refineries in the path of the storm made preparations last week prior to the hurricane’s landfall in Louisiana Friday evening.
“Local gas prices increased slightly in some areas of the Delaware Valley this week,” says Jana L. Tidwell, manager of Public and Government Affairs for AAA Mid-Atlantic. “As the damage caused by Hurricane Delta is assessed in the next few days, the impact it may have on gas prices will be better understood.”
The federal Energy Information Administration noted that their October Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because control and reopening efforts related to Covid-19 continue to evolve. Reduced economic activity related to the pandemic has led to changes in energy demand and supply patterns in 2020 and will continue to affect these patterns in the future.
To check out gas prices in your area, log on to AAA’s Fuel Price Finder (http://www.AAA.com/fuelfinder).
