Gas prices: Another decrease at the pumps on Thursday – Washington Examiner
Gas prices have experienced a decrease, with the average cost for a gallon of regular gas dropping to $3.387 on Thursday, down from $3.398 the previous day. This trend follows a series of daily price reductions throughout the week after a slight increase the week prior. Compared to the previous week, when the average was $3.442, and a month ago when it was $3.501, current prices are lower.
As the 2024 presidential election approaches, gas prices remain a significant issue. With President Joe Biden opting not to run for reelection, Vice President Kamala Harris, the Democratic nominee, will need to address high gas prices and energy costs as they impact the economy and people’s finances.
Gas prices vary by state, with the following current averages noted: Washington, D.C. at $3.643, Virginia at $3.263, Delaware at $3.24, and Maryland at $3.329. Each of these regions also saw slight declines from the previous day, and they remain cheaper compared to a week or month ago.
Gas prices: Another decrease at the pumps on Thursday
Gas prices dropped again on Thursday as the average cost for a gallon of regular gas decreased to $3.387, according to AAA. This was a slight drop from Wednesday’s price of $3.398. Gas prices have dropped every day this week after slightly increasing a couple of days last week.
Both prices are less expensive than a week ago, when a gallon of regular gas cost averaged .442. It’s also cheaper than from a month ago when the price was $3.501 per gallon.
Gas prices remain a vital topic heading into the 2024 presidential election. With President Joe Biden deciding not to seek reelection, Vice President Kamala Harris, now the Democratic presidential nominee, will have to indicate how she will address the country’s high gas prices and energy costs and how both affect the economy and people’s finances.
While prices have fluctuated in 2024, they have decreased in recent weeks and months. Nevertheless, gas prices remain significantly higher than when former President Donald Trump was in office.
Gas prices vary significantly among states. To see how expensive gas is in each state, click here. Here are the gas prices for a gallon of regular-grade gas in and around Washington, D.C.
Washington, D.C.
Gas prices dipped again in the nation’s capital on Thursday, with the average price for a gallon of regular gas coming in at $3.643. This was a slight drop from Wednesday’s cost of $3.650 per gallon. A week ago, gas in the District was $3.674 per gallon and a month ago it was $3.703.
Virginia
The average price for a gallon of regular gas also dropped in Virginia on Thursday, coming in at $3.263. This was a slight drop from Wednesday’s price of $3.274. Both prices are cheaper than from a week ago, when it cost $3.322 per gallon and a month ago, when the average price for a gallon of regular gas was $3.418.
Delaware
Delaware has the cheapest gas prices in the region and continued that trend with another drop in the average price of regular gas on Thursday, coming in at $3.24. This was a decrease from Wednesday’s cost of $3.277 per gallon. Prices are also cheaper than a week ago when it cost $3.32 per gallon and a month ago, when it cost $3.405 for a gallon of regular gas.
Maryland
Maryland also experienced a decrease in gas prices on Thursday with the average price for a gallon of regular gas dropping to $3.329. This was a slight decrease from Wednesday’s cost of $3.359. A week ago, gas was more expensive in the state when the average price for a gallon of regular cost $3.406. A month ago, the cost was even higher with a price of $3.493 per gallon.
Illinois
Illinois is a midwestern state that is not located anywhere near Washington, D.C., however it is the state that is currently hosting the Democratic National Convention. The prices of gas in Illinois is significantly more expensive than any gas price in the states around the nation’s capital. The average price for a gallon of regular gas in Illinois on Thursday is $3.737. This was a slight drop from the day before when the price was $3.754. A week ago, gas in the state was $3.849. A month ago, gas was even more expensive, hovering around $4 a gallon with a price of $3.949 for a gallon of regular gas.
Mississippi
Mississippi continues its trend of being the most affordable gas in the nation. On Thursday, the average price for a gallon of regular gas is $2.930. This was a drop from a week ago when it was $2.962 per gallon and a month ago when it cost slightly under $3 a gallon for regular gas, coming in at $2.986. Mississippi is one of only three states in the country with gas under $3 a gallon. The two others are Oklahoma, where it costs $2.965 for a gallon of regular gas, and Tennessee, where a gallon of regular gas cost $2.98.
Hawaii
Hawaii may be known as paradise but the gas prices in the state are anything but a joy for drivers in the state. The Aloha State has the most expensive gas in the nation, with the average price for a gallon of regular gas costing Hawaiians $4.65 per gallon on Thursday. A week ago, regular gas cost $4.675 per gallon. Gas was slightly less expensive a month ago, when a gallon of regular gas cost $4.667.
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Would be interesting to know if the decrease in price has to do with using up our oil reserves.