Delaware’s average gas price down slightly after recent spike

The average price for regular gas in Delaware dropped slightly over the weekend after motorists saw the steepest weekly increase in the nation.

Some Wawa and Royal Farms stores dropped their prices by a few cents a gallon after aggressively raising prices earlier. Membership warehouses BJ’s and Costco kept prices around $3 a gallon. The gas price in Delaware is now close to the figure from a month ago.

The price of diesel fuel also continued to drop.

According to recent data from the Energy Information Administration, gas demand rose from 8.71 to 9.33 million barrels a day last week. However, the current rate is nearly 400,000 barrels a day lower than at the end of December 2021, AAA reported. Meanwhile, total domestic gasoline stocks fell by 3.1 million barrels to 223 million barrels. Tighter supply and higher gasoline demand are pushing prices higher.  

Crude prices have declined amid ongoing global economic concerns due to rising Covid-19 cases in China. If oil demand drops, as the economy falters, crude prices will likely follow suit. As of Monday morning, the price of cruse had risen a couple of dollars a barrel to nearly $76.

• Earlier, Delaware was tied for first in AAA’s list of the 10 states that have seen the largest increases in the average gas price – Ohio (29 cents), Delaware (29 cents), Maryland (23 cents), Michigan (21 cents), Wisconson (20 cents), Colorado (19 cents), Florida (19 cents), Arkansas (18 cents), Alabama (17 cents) and North Carolina (16 cents).
• Delaware average gas price