Midwest sees highest gasoline prices

Including the change in gas prices in Minnesota during the past week, prices Sunday were 20.2 cents per gallon lower compared to the same day one year ago and are 14.6 cents per gallon lower than a month ago. The national average has decreased 10.8 cents per gallon during the last month and stands 13 cents per gallon lower than this day one year ago.

“Americans are now shelling out $50 million less per day than they were last year when pump prices averaged 13 cents more per gallon,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Most states are seeing their average below last year, and as summer slowly fades, gasoline prices may as well in many communities. Cooler weather typically brings relief as demand declines and discretionary travel ebbs. I expect that pump prices may drift lower over the next few days, much focus remains on the tropics,” DeHaan said.

What other

cities are paying

GasBuddy looked into which communities are paying the highest and lowest gas prices.

“While major markets like Los Angeles, New York and Chicago get much of the attention and criticism, they’re not even in the top 20 among cities that see the steepest price hikes,” DeHaan said.

“The steep price hikes recorded in more than 25 cities in the Midwest dwarf the increases seen in the rest of the country. And nowhere is it worse than Ft. Wayne, Ind. So far this year, Fort Wayne has recorded the highest single day average price hike – 34 cents per gallon – among its three highest daily changes. It is followed by: Indianapolis, Dayton, OH; Columbus, OH; and Toledo, OH,” said DeHaan.

He emphasized in a release that the figures represent the average of the three highest single-day price spikes and that Midwesterners have seen more than 30-cent increases often enough to know they’re not a statistical anomaly.

On the west coast, Bakersfield, Calif., had the largest increase in its single-day prices – taking the average of the highest three daily spikes – with a nine-cent gain. In the Rocky Mountains region, Colorado Springs led the list with an 11-cent single day spike. The Gulf Coast region’s highest single-day spike was recorded in Lubbock TX, while on the East Coast it was Myrtle Beach, S.C., posting an 11-cent increase to lead that region.

GasBuddy examined frequency of price changes too and found that the Midwest and West Coast regions led the way with the number of days that prices changed a penny or more per gallon. Nationwide, stations in Stockton, Calif., have posted 72 days of price changes over a penny per gallon since Jan. 1, while Jackson, Miss., Memphis, Tenn., and New Haven, Conn., have all recorded 67 increases of 1 cent or more.

“While small cities lead the way among markets with the steepest price spikes, we saw some larger Midwestern cities like Chicago, Milwaukee and Detroit positioned prominently among the leaders for days with one cent or more price increases (see maps for more information), and that undoubtedly fuels consumer anxiety in places where there’s plenty already,” said Gregg Laskoski, another senior petroleum analyst with GasBuddy.

“But when we look at the number of days with average price decreases of more than a penny, we see the Midwestern cities more than doubling every other region in the country,” DeHaan noted, “and it’s the downside of that rollercoaster ride that consumers easily forget. We complain about the higher highs, but we’re quiet when we benefit from the lower lows.”