The National gas price average held steady on the week, but that could change depending on the movement of crude oil prices due to geopolitical concerns. Today’s national average is $2.58, which is the same price as last Monday and last month, but 34-cents more expensive than one year ago.
The North Dakota average fell one cent during the week to $2.46, which is 4 cents lower than one month ago, but 26 cents higher than last year, according to AAA.
Crude prices increased after the U.S. announced that it conducted a drone strike at an airport in Baghdad and killed Major General Qassem Soleimani – a top military leader in Iran. The incident has escalated tension in the region, raising the possibility that global crude supplies could be disrupted.
“It’s typical to see crude oil prices push more expensive amid current events,” said Jeanette Casselano, AAA spokesperson. “What this increase means in terms of retail prices is yet be seen. It depends on how expensive crude oil prices go and the duration at which it sells at a higher price point.”
For additional information on gas averages, visit AAA.com/Gas.