Gas Prices

Pump Prices Dip While Electricity Rates Hold Steady

By: Andrew Gross

WASHINGTON, D.C. (August 8, 2024)—Falling by just three cents since last week, the national average for a gallon of gas hit $3.45, similar to the price in June.  Meanwhile, the national and state averages for L2 commercial electricity remain the same as a week ago.

“With Tropical Storm Debby drifting up the I-95 corridor to visit the Mid-Atlantic and Northeast, the threat to Gulf Coast oil production and refining is over,” said Andrew Gross, AAA spokesperson. “But tensions in the Middle East and some overseas economic uncertainty may mitigate any drop in oil prices.”

With an estimated 1.2 million AAA members living in households with one or more electric vehicles, AAA lists the kilowatt-per-hour cost for Level 2 (L2) commercial charging by state.

For the complete report, including the latest EIA data, gas and electric price trends, and oil market dynamics, please visit: https://gasprices.aaa.com/pump-prices-dip-while-electricity-rates-hold-steady/