The national average price for a gallon of regular gasoline on March 19 was $3.69. This price is a penny less than one week ago and also one month ago and 15 cents less than the average price one year ago. Until today, the national average had fallen five consecutive days and 17 of 19 days since the peak 2013 price to date of $3.79 on Feb. 27.
After declining during the second half of February, West Texas Intermediate (WTI) crude oil prices have posted slight gains in recent weeks on positive economic news. These gains continued yesterday, despite traders keeping a wary eye on fresh signs of economic instability in the eurozone, centered on a 10-billion-euro bailout package for Cyprus. While the value of the U.S. dollar rose yesterday, WTI futures managed to eke out a gain as well, settling 29 cents higher at $93.74 at the close of formal trading on the NYMEX.
Twenty one states have a lower pump price average today than South Dakota, with Wyoming the bargain of the nation at $3.318. Among the 48 contiguous states, California has the country’s highest average – $4.115.
In South Dakota, citywide average pump prices are lowest in Murdo at $3.216 per gallon and 68 cents more expensive in Timber Lake, $3.899.