Delaware gas prices fell by another five cents a gallon between Wednesday and Thursday, according to the daily report from AAA.
The price at the pump in Delaware has fallen by 65 cents a gallon during the past month as demand slowed.
The price for a gallon of regular is still $1.30 above the figure from a year ago.
Global economic headwinds are pushing oil prices lower and less expensive oil leads to lower pump prices,” Andrew Gross, AAA spokesperson, stated in a report earlier in the week. “And here at home, people are fueling up less, despite this being the height of the traditional summer driving season. These two key factors are behind the recent drop in pump prices.”
Delaware average gas prices
| Time frame | Regular | Mid-Grade | Premium | Diesel |
|---|---|---|---|---|
| Current Avg. | $4.302 | $4.788 | $5.033 | $5.326 |
| Yesterday Avg. | $4.354 | $4.836 | $5.047 | $5.361 |
| Week Ago Avg. | $4.534 | $4.993 | $5.261 | $5.538 |
| Month Ago Avg. | $4.949 | $5.371 | $5.633 | $5.905 |
| Year Ago Avg. | $3.000 | $3.388 | $3.613 | $3.246 |
According to new data from the Energy Information Administration, gas demand dropped from 9.41 million barrels a day to 8.06 million barrels a day last week, while total domestic gas stocks increased by 5.8 million barrels. As long as these supply/demand dynamics hold, drivers will likely continue to see price relief at the pump, AAA reported.
Crude oil prices rose off last week’s lows to less than $98 a barrel.
The nation is also entering a period when Gulf Coast hurricanes could affect gas prices.
In Delaware, the lowest average prices are in Sussex County, despite the fact that the coastal area is nearing peak tourist season. Prices are highest in New Castle County. A number of stations in Sussex were offering gas at $4.20 a gallon.
The nation is also entering a period when Gulf Coast hurricanes could affect gas prices.
In Delaware, the lowest average prices are in Sussex County, despite the fact that the coastal area is nearing peak tourist season. Prices are highest in New Castle County. A number of stations in Sussex were offering gas at $4.20 a gallon.
To check out gas prices in your neighborhood, log on to AAA’s Fuel Finder.
According to the Fuel Finder, the lowest price at the pump was posted at the Costco near Christiana Mall, which was matched by a station in Middletown. Cash-only prices can be lower at some independent stations.
