Gas prices average $1.54/g; continue to fall across state

Published 12:00 am Wednesday, May 20, 2020

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Alabama gas fell again this week. According to GasBuddy’s daily survey of 3,348 stations across the state, Alabama gas prices have fallen 0.3 cents per gallon in the past week, averaging $1.54/g today. Gas prices in Alabama are 2.8 cents per gallon lower than a month ago and stand 91.0 cents per gallon lower than a year ago.
As reported by GasBuddy, the cheapest station in Alabama is priced at $1.30/g today while the most expensive is $2.10/g, a difference of 80.0 cents per gallon. The lowest price in the state today is $1.30/g while the highest is $2.10/g, a difference of 80.0 cents per gallon.
The national average price of gasoline has risen 2.0 cents per gallon in the last week, averaging $1.86/g today. The national average is up 7.9 cents per gallon from a month ago and stands 99.0 cents per gallon lower than a year ago.
Historical gasoline prices in Alabama and the national average going back ten years:
May 18, 2019: $2.45/g (U.S. Average: $2.85/g)
May 18, 2018: $2.61/g (U.S. Average: $2.92/g)
May 18, 2017: $2.08/g (U.S. Average: $2.34/g)
May 18, 2016: $2.03/g (U.S. Average: $2.25/g)
May 18, 2015: $2.48/g (U.S. Average: $2.71/g)
May 18, 2014: $3.49/g (U.S. Average: $3.65/g)
May 18, 2013: $3.28/g (U.S. Average: $3.64/g)
May 18, 2012: $3.43/g (U.S. Average: $3.71/g)
May 18, 2011: $3.73/g (U.S. Average: $3.92/g)
May 18, 2010: $2.73/g (U.S. Average: $2.84/g)
“The recovery in gasoline prices has continued across much of the country thanks to recovery in fuel demand as states re-open and motorists get out of the house as temperatures are more conducive to outdoor activity. Oil prices continue to follow the gasoline-led recovery, with challenges still seen for portions of the refined oil barrel, including diesel and jet fuel,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “It’s been a dramatic turn of events- a month ago, gasoline was the least wanted portion of the barrel, and refiners acted quickly to respond to gasoline demand that dropped in half, but now as cabin fever hits Americans, gasoline demand has rebounded notably, which has caused oil prices to follow. Expect the uptick to continue as we approach Memorial Day, but prices will still set multi-year lows for the holiday and may for a good portion of the summer as well, so there should remain optimism with motorists- summer gas prices will remain quite low compared to previous years.”