The price of gas in the Midwest region has been steadily increasing for the past two weeks, reaching an average of $3.12 per gallon of regular fuel on Monday. This is up from last week’s price of $3.04 per gallon, according to the U.S. Energy Information Administration. This news may come as a disappointment to Midwest drivers who were enjoying lower gas prices just a month ago.
In fact, the average fuel price in the Midwest region has risen by about 23 cents since last month. The U.S. Energy Information Administration has provided some interesting historical data on gas prices in the region. In the past year alone, prices have ranged from as low as $2.77 per gallon on January 8, 2024, to as high as $3.77 per gallon on August 14, 2023.
Comparing the current gas prices to a year ago, the average gas price in the Midwest region is slightly lower. Last year, drivers were paying around $3.22 per gallon, about 3% higher than the current average.
While the Midwest region may not have the lowest gas prices in the country, it is still below the national average. Last week, the average gas price in the United States was $3.27 per gallon, making prices in the Midwest region about 4.5% lower than the national average. This is a slight increase from last week’s national average of $3.19 per gallon.
It’s worth noting that the U.S. Energy Information Administration’s tally of gas prices in the Midwest includes a range of states such as Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, and Wisconsin. These states together contribute to the overall fuel consumption and pricing trends in the region.
In conclusion, gas prices in the Midwest have been steadily rising for the past two weeks, reaching an average of $3.12 per gallon. Despite this increase, prices are still below the national average, providing some relief for Midwest drivers. However, it’s important to keep an eye on future trends and how they may impact the region’s fuel expenses.
