Gas prices dropped another nine cents in Delaware over the past week.
By contrast, the national average for a gallon of gas barely budged since last week, falling two cents to $3.07.
The lowest price on Friday was at the Sam’s club in Dover at $2.69 a gallon.
“I wouldn’t bet the farm on the national average reaching $3 a gallon, even if we are tantalizingly close,” said Andrew Gross, AAA spokesperson. “The mid-winter blahs will likely keep pump prices waffling a few cents up and down for the immediate future. But keep an eye on frigid temps because those can affect refinery production, pushing some regional pump prices higher.”
According to new data from the Energy Information Administration (EIA), gas demand increased from 7.95 to 8.33 million barrels a day last week.
Meanwhile, total domestic gasoline stocks increased significantly by 8 million bbl to 245 million barrels. A slight uptick in demand has limited price declines. However, if oil prices drop, drivers could continue to see lower prices at the pump.
As of Friday, crude oil rose a couple of dollars a barrel to $74, despite a report that total domestic commercial crude stocks increased by 1.3 million barrels to 432.4 million barrels. Rising oil stocks signal that demand could be softening, helping to push prices down as the nation settles into winter.
| Timeframe | Regular | Mid-Grade | Premium | Diesel |
|---|---|---|---|---|
| Current Avg. | $2.910 | $3.439 | $3.739 | $3.797 |
| Yesterday Avg. | $2.920 | $3.444 | $3.748 | $3.803 |
| Week Ago Avg. | $2.989 | $3.518 | $3.817 | $3.918 |
| Month Ago Avg. | $3.001 | $3.510 | $3.825 | $3.999 |
| Year Ago Avg. | $3.223 | $3.667 | $3.937 | $4.234 |
As of Friday, crude oil rose a couple of dollars a barrel to $74, despite a report that total domestic commercial crude stocks increased by 1.3 million barrels to 432.4 million barrels. Rising oil stocks signal that demand could be softening, helping to push prices down as the nation settles into winter.
