Trend Analysis:
After a wild March, Americans are seeing some stability at the pump. This is thanks in part to a small decrease in demand, cheaper crude prices, and an increase in refinery utilization. Todayâs national average ($2.86) is one cent cheaper on the week, but more expensive on the month (+3 cents) and year (+$1.00). 40 statesâ averages either increased or decreased by a penny or had no change at all this week.
At 84%, refinery utilization is at its highest measurement this year. This strong utilization rate, as measured by the Energy Information Administration (EIA), helped contribute to the addition of 4 million barrels of gasoline, pushing overall supply levels to 234.5 million barrels for the week ending April 2.
AAA: Gas prices jump in Ohio; National demand on the rise - Portsmouth Daily Times
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AAA: Gas Prices Drop in Ohio; National Average Stabilizes
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