Gas prices in Delaware remained steady on Thursday as crude oil prices dropped below $80 a barrel.
The price at the pump in Delaware at midweek for regular gas averaged $3.31 a gallon, according to AAA figures.
The Milton area in Sussex County had the lowest average price at $3.26 a gallon, with Lewes not far behind.
Coastal Sussex County has seen an influx of gas station convenience stores in recent years. The area is also in the less busy shoulder season.
Other average prices for regular as of Thursday.
- Bear – $3.31
- Middletown – $3.30
- Talleyville – $3.36
- Dover -$3.32
- Lewes -$3.29
- Newark – $3.30
- Elkton, MD – $3.30
In early trading on Thursday West Texas Intermediate crude oil was trading on the NYMEX exchange at 77.83 a barrel.
Last week, the Energy Information Administration reported that the total domestic crude supply increased by 1 million barrels to 435.1 million barrels.
However, according to EIA’s data, the total domestic crude supply is still down 11 percent compared to the previous year at this time, putting price pressure on crude.
“As we settle into earlier darkness, the shorter days could lead to a change for the better when it comes to gas prices,” said Jana Tidwell, spokesperson for AAA Mid-Atlantic. “Drivers may head straight home from work to avoid the darkness rather than tack on side trips for shopping or errands which could slow demand.”
To check out gas prices in your neighborhood, log on to AAA’s Fuel Price Finder (http://www.AAA.com/fuelfinder).
A decline in crude oil prices could cool down inflation that critics are blaming on Biden Administration actions.
On Wednesday, the president asked the Federal Trade Commission to investigate why gas prices have not declined significantly as the price of crude went down.
