Gas prices: National average holds steady as demand and supply decline
Published 6:35 am Friday, November 19, 2021
Since Monday, the national average for a gallon of regular gasoline has held steady at $3.41. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 700,000 barrels to 212 million barrels last week.
Gasoline demand also dropped slightly from 9.26 million barrels per day to 9.24 million barrels per day. The decrease in demand, alongside stocks, has helped to lower pump prices and minimize pump price increases. However, gasoline prices will likely remain elevated as long as oil prices are near $80 per barrel.
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