Home Delaware Delaware gas prices drop again as crude oil stays above $100 a barrel

Delaware gas prices drop again as crude oil stays above $100 a barrel

0
Delaware gas prices drop again as crude oil stays above $100 a barrel
Advertisement

According to Friday figures from AAA, the price of gas continued to drop in Delaware.

The average price of regular unleaded in Delaware fell to $4.06 a gallon in Delaware, down 21 cents from a week ago but up nearly a half dollar from a month ago prior to Russia invading Ukraine.

DELAWARE AVERAGE GAS PRICES

Time periodRegularMid-GradePremiumDiesel
Current Avg.$4.062$4.499$4.751$4.875
Yesterday Avg.$4.129$4.559$4.809$4.916
Week Ago Avg.$4.275$4.611$4.848$5.142
Month Ago Avg.$3.573$3.925$4.164$3.978
Year Ago Avg.$2.765$3.141$3.374$3.070
Courtesy AAAA

The price of crude oil on the Nymex exchange was trading at $102 a barrel, up from as low as $95 a barrel earlier in the week.

Advertisement

Delaware’s gas price drop led to its net price at the pump being comparable with the figure from neighboring New Jersey and Maryland. In the past, not all of the benefits of the state’s lower gas tax made their way to the pump, perhaps due to less competition from independent stations.

The gap was reduced when Wawa, the starte’s largest gas station chain, lowered its prices.

StateGas price State taxNet gas price
Delaware$4.0623¢$3.83
Maryland$4.1737¢$3.80
New Jersey$4.2542¢$3.83
Pennsylvania$4.3559¢$3.76

According to AAA’s Fuel Finder, $4 a gallon gas was widely available in Delaware. The Costco membership store in the Christiana Mall area south of Newark again emerged with the lowest price at $3.90 a gallon.

Advertisement
Advertisement