16 April 2020

The plunge at the pump continues. Over the past two weeks, the average price for a gallon of gas in North Dakota has fallen 11 cents. It is now $1 cheaper than this time last year.

Today’s statewide average stands at $1.72. On this date in 2019, the average was $2.72. The last time North Dakota motorists paid $1 per gallon less than the previous year was October 6, 2015, according to AAA.

On Sunday, OPEC and its allies agreed to cut oil production, effectively ending a price war that broke out between Saudi Arabia and Russia. Oil prices have yet to rebound, instead falling back to an 18-year low under $20 per barrel.

Across the country, gasoline demand is down as much as 50 percent as residents self-isolate at home. At the same time, inventories have built to a record high. Gas prices will continue to move lower as long as the imbalance persists.

Gas Price Summary

  • The national average is $1.83; $1 lower than last year
  • Both the national and statewide averages are at four-year lows.
  • 96% of ND stations have pump prices below $2 a gallon; 18% have prices below $1.50.
  • Filling a 16-gallon tank now costs $27.52. Last year, drivers paid $43.52 for a full tank.

AAA GAS PRICE AVERAGES
(Per gallon of regular unleaded gasoline)

 

Today

Week Ago

Month Ago

One Year Ago

Record High

National

$1.83

$1.89

$2.25

$2.83

$4.11   (7/17/2008)

North Dakota

$1.72

$1.77

$2.16

$2.72

$4.23   (5/22/2013)

Click here to view current gasoline price averages

 

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.