Gas Prices Trend Downward

Consumer gas demand slows for second consecutive week.

On Monday, Feb. 26, the national average price of gas stood at $2.52, the least expensive it has been all month. For the month of February the national average is $2.56—29 cents greater than the national average in February 2017, AAA reported.

Since last week gas prices have dipped one cent.

AAA spokesperson Jeanette Casselano noted that gas prices are continuing to trend downward as the demand for gas has declined for the second week. “Even with the small drop-off, demand continues to register above 9 million b/d, which is a 4% year-on-year increase, according to the Energy Information Administration’s latest report.”

But consumers would be smart to enjoy the dip in gas prices while it lasts, as AAA does not expect the downward trend to continue. Hawaii ($3.48) and California have the most expensive gas, while Texas ($2.25) and South Carolina ($2.25) have the least expensive gas prices.


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