Gas Prices

Pump Prices Plunge, But Plug-In Prices Persist

By: Andrew Gross

WASHINGTON, D.C. (August 22, 2024)—Reaching a price point last seen on March 6, the national average for a gallon of gas fell six cents to $3.38 since last week. Meanwhile, the national average for L2 commercial electricity has held steady for a month.

“The clouds of war overseas are less dark at the moment, and the Atlantic is quiet now too, which is taking pressure off of oil prices,” said Andrew Gross, AAA spokesperson. “More retail locations east of the Rockies are selling gas below $3 a gallon.  Will this trend continue through the end of the year? Stay tuned.”

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.

Today’s national average for a kilowatt of electricity at an L2 commercial charging station is 34 cents.

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-plunge-but-plug-in-prices-persist/