Delaware’s gas prices have moved above the national average as inventories remain tight on the East Coast.
As of Tuesday the price for regular was $3.88, up 11 cents during the past week and eight cents above the national average. East Coast states have seen a run-up in gas prices in recent week, with the West Coast seeing declines. Prices in California remain over $5 a gallon in many locations.
Delaware’s average gas prices
| Timeframe | Regular | Mid-Grade | Premium | Diesel |
|---|---|---|---|---|
| Current Avg. | $3.878 | $4.262 | $4.576 | $5.830 |
| Yesterday Avg. | $3.872 | $4.268 | $4.572 | $5.758 |
| Week Ago Avg. | $3.770 | $4.187 | $4.497 | $5.624 |
| Month Ago Avg. | $3.518 | $3.948 | $4.227 | $4.824 |
| Year Ago Avg. | $3.357 | $3.714 | $3.974 | $3.595 |
According to new data from the Energy Information Administration, gas demand dipped slightly from 8.93 million b/d to 8.66 million barrels a day a little more than a week ago as total domestic gasoline stocks decreased by 1.3 million bbl to 206.6 million barrels. Tighter supply and fluctuating oil prices have put upward pressure on gasoline prices. Pump prices could continue to increase if supply remains tight alongside rising oil prices, AAA reported.
The price of crude oil has risen to about $93 a barrel after being in the 80s..
A lingering concern is a recession, which would stifle demand and likely lead to lower prices at the pump, AAA reported
As of last week, these ten states law the biggest changes in gas prices – Rhode Island (+26 cents), Maine (+24 cents), Connecticut (+22 cents), New Hampshire (+21 cents), New Jersey (+20 cents), Massachusetts (+19 cents), Ohio (+18 cents), Alaska (−18 cents), Delaware (+17 cents) and California (−16 cents).
