Delaware gas prices fell another penny between Sunday and Monday, with $4 a gallon gas becoming available at some station-convenience stores.
The price of regular unleaded has dropped to $4.09, down a dozen cents from a week ago.
AAA’s Fuel Finder reported that of $4 a gallon regular gas was widely available in the Newark area, with price leader Costco dropping its price to $3.97. Costco has a store in the Christiana Mall area.
Delaware’s average gas prices
| Timeframe | Regular | Mid-Grade | Premium | Diesel |
|---|---|---|---|---|
| Current Avg. | $4.090 | $4.549 | $4.825 | $5.121 |
| Yesterday Avg. | $4.099 | $4.566 | $4.843 | $5.137 |
| Week Ago Avg. | $4.210 | $4.671 | $4.955 | $5.250 |
| Month Ago Avg. | $4.756 | $5.205 | $5.470 | $5.752 |
| Year Ago Avg. | $3.083 | $3.453 | $3.716 | $3.332 |
AAA reported the drop in gas prices is leading to speculation that demand will increase and lead to future increases.
Diesel fuel also remains well above $5 a gallon, a figure that will not ease inflation since most of America’s goods come via diesel-powered big rigs.
“We know that most American drivers have made significant changes in their driving habits to cope with high gas prices,” said Andrew Gross, AAA spokesperson. “But with gas below $4 a gallon at nearly half of the gas stations around the country, it’s possible that gas demand could rise.”
According to new data from the Energy Information Administration, gas demand increased from 8.52 million barrels a day to 9.25 million barrels a day last week. The estimated rate is 80,000 barrels a day lower than last year, but it could slow pump price decreases if the trend holds. Additionally, total domestic gasoline stocks decreased by 3.3 million barrels to 225.1 million barrels, signaling that higher demand reduced inventory last week.
New data from AAA finds that drivers are making significant changes to cope with high pump prices. Almost two-thirds of U.S. adults changed their driving habits or lifestyle since March, with 23% making “major changes.”
