May 28, 2023

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Gas prices in these states witnessed the largest weekly increase

Gas prices in these states witnessed the largest weekly increase

gas prices Across the country it is being pushed up in large part by rising crude oil prices.

Prices are already up 40% compared to this time last year, according to AAA. Over the past week, prices have jumped four cents to an average of $3.48 a gallon nationwide.


However, some states faced larger increases, with some drivers in New Mexico pushing as much as 18 cents more at the pump over the past week, according to AAA data.

A sign on a petrol pump at an Exxon gas station in Brooklyn, New York City, United States, November 23, 2021. (Reuters/Andrew Kelly/Reuters)

New Mexico topped the list for the 10 biggest weekly increases. Delaware saw the second highest increase, with drivers seeing an increase of 15 cents.

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In North Carolina and Tennessee, pump prices increased by 12 cents, and in New York, drivers faced an increase of 10 cents.

AAA spokesperson Andrew Gross told FOX Business that prices in the states go up and down weekly and could easily shift positions in the AAA top 10 list with the biggest weekly increases.

A variety of factors play a role in how much prices go up or down in each state, chief among them the price of oil, which is currently affected by tensions between Russia and Ukraine. It accounts for about half of what consumers pay at the pump, Gross said.

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Added Total When you break down the spreads by state, you need to factor in state and local taxes as well as distribution costs.

A gas pump in a car at a Shell gas station in Washington, DC, US, May 15, 2021. (Reuters/Andrew Kelly/Reuters Photo)

“Some states have higher taxes. Some states are further away from the source, so you have to factor in the costs of gasoline, transportation, and distribution,” he said. “That’s why you see this big difference when it comes to gasoline pricing.”

Gross cited the most expensive markets such as California, Washington and Hawaii as prime examples.

Here are the states with the largest increase over the past week, according to the AAA.

  • New Mexico: 18 cents
  • Delaware: 15 cents
  • North Carolina: 12 cents
  • TN: 12 cents
  • New York: 10 cents
  • Nebraska: 9 cents
  • Maryland: 9 cents
  • New Jersey: 9 cents
  • South Carolina: 8 cents
  • Georgia: 8 cents