Study shows Americans drive less while gas prices continue to fall

CHEROKEE/JASPER COUNTIES – As gas prices fall in the 4-States, national data suggests that fewer drivers are filling up and hitting the road.

According to new data from the Energy Information Administration (EIA), gas demand dropped from 9.25 million b/d to 8.54 million b/d last week.

The rate is 1.24 million b/d lower than last year and is in line with the need at the end of July 2020.

“Oil is the primary ingredient in gasoline, so less expensive oil is helpful in taming pump prices,” said Andrew Gross, AAA spokesperson. “Couple that with fewer drivers fueling up, and you have a recipe for gas prices to keep easing. It’s possible that the national average will fall below $4 this week.”

>>AAA: Gas prices, outlook and tips

AAAconducted a survey that found almost two-thirds of U.S. adults have changed their driving habits or lifestyle since prices rose in March. Drivers’ top two changes to offset high gas prices are driving less and combining errands.

Today’s national average of $4.05 is 67 cents less than a month ago and 87 cents more than a year ago.

>>Gas prices see a steady decline across the 4-States

Quick Stats

  • The nation’s top 10 largest weekly decreases: Washington, D.C. (−28 cents), Colorado (−23 cents), Arizona (−21 cents), Illinois (−21 cents), Indiana (−21 cents), Iowa (−20 cents), Ohio (−20 cents), Michigan (−19 cents), Missouri (−18 cents) and Minnesota (−18 cents).
  • The nation’s top 10 least expensive markets: Texas ($3.55), South Carolina ($3.59), Oklahoma ($3.60), Arkansas ($3.60), Georgia ($3.61), Tennessee ($3.62), Mississippi ($3.62), Alabama ($3.64), Kansas ($3.66) and Iowa ($3.66).

>>$2,245.62 a second: Enormous profit for oil companies on record gas prices

4-state gas

  • Jasper Co: $3.42
  • Cherokee Co.: $3.51
  • Ottawa Co.: $3.49


Leave a Reply

Your email address will not be published.