Gas Numbers: North Dakota’s Price At The Pump Doesn’t Budge
Gas prices have held firm Williams County and the rest of North Dakota over the holiday weekend.
According to data from AAA auto, North Dakota has seen it's gas prices have stagnated even with a sharp spike in demand over the labor day weekend.
Williams County comes in with an average price of $3.78, making prices 7 cents above the state average of $3.71 and 3 cents below the national average of $3.81 which is also unchanged from last week.
The most expensive county to fill up in is Dunn at $3.99 and the least expensive is Cass county at $3.53 per gallon.
NORTH DAKOTA AVERAGE GAS PRICES
|Week Ago Avg.||$3.718||$3.982||$4.368||$4.201|
|Month Ago Avg.||$3.727||$4.037||$4.349||$4.004|
|Year Ago Avg.||$3.687||$4.024||$4.385||$4.893|
Pump prices remained stable, with the national average for a gallon of gas declining by a penny since last week to $3.82, despite the fact that damage assessments in the wake of Hurricane Idalia are still being made.
Oil and gas experts have highlighted that despite retail petrol prices this summer being lower than last year's, overall demand for petrol did not match that of prior years, with consumption receiving little of a 'boost' from summer holiday travel.
There are many theories as to why, but nobody appears to be certain.
The Energy Information Administration (EIA) just released new statistics showing that last week's gas demand grew marginally from 8.91 to 9.07 million barrel's per day. Total domestic petrol inventories, meanwhile, slightly declined to 217.4 million barrels.
Despite rising demand, rises in pump prices have been constrained by fluctuating oil prices.
The current national average, $3.82, is two cents less than it was a year ago but seven cents higher than it was a month ago.