Gasoline prices have experienced a slight increase despite the decrease in oil costs and low domestic demand. The average price at the pump has risen by three cents, reaching $3.13 per gallon. Meanwhile, the cost of electricity at public EV charging stations remains steady at 34 cents per kilowatt hour.
Andrew Gross, a spokesperson for AAA, attributes this rise to seasonal weather conditions. "The culprit for the pop in prices is likely old man Winter," he explained. "It’s a little harder to distribute gasoline in bad weather, and refineries don’t operate well in freezing temperatures either."
For further details on gas and EV charging price trends, as well as oil market dynamics, visit the AAA website.