AAA: Paying at the Pump is Taking Up More of Motorists’ Paychecks

BURNSVILLE, Minn. (June 13, 2018) – Consumers in Minnesota and Iowa are spending about $65 more a month to fill-up compared to last summer. According to AAA, residents of both states are spending an average of seven to eight percent of their income on gasoline, a one and half percent increase since summer of 2017. With strong summer consumer gasoline demand expected in the months ahead, AAA says motorists can expect little relief at the pump with the national gas price average ranging between $2.85 - $3.05 through Labor Day.
 
“Motorists can expect to spend at least $250 more on gas this season, but that won’t stop them from traveling. Summer is synonymous with road trips and vacation and we are not going to see Americans are giving up this pastime this year,” said Nick Jarmusz, director of public affairs for AAA. “The higher gas prices may just encourage travelers to shorten their driving distance. While others may pinch pennies by eating out less or finding more free family-fun activities while on vacation.”
 
According to a AAA survey conducted earlier this year, only one in three (33 percent) respondents said they would change travel plans if gas prices hit $3, while nearly half (47 percent) say $3.50 would be the game changer for their summer plans.
 
Then and Now Price Points: June 2017 vs. June 2018
As vacationers hit the road, they will find a quarter (25 percent) of all gas stations across the country are selling gas for more than $3/gallon. That is a stark difference from one year ago when only 5 percent of stations touted the $3 or more mark. The chart below compares the percentage of stations per state selling gas for $3.01 or more today versus one year ago.
 
State June 2017: Percentage of gas station selling $3.01+ June 2018: Percentage of gas station selling $3.01+
Alabama 0% 0%
Alaska 23% 100%
Arizona 1% 70%
Arkansas 0% 1%
California 53% 100%
Colorado 0% 13%
Connecticut 0% 82%
Delaware 0% 1%
District of Columbia 5% 36%
Florida 0% 4%
Georgia 0% 2%
Hawaii 34% 100%
Idaho 0% 99%
Illinois 0% 33%
Indiana 0% 5%
Iowa 0% 4%
Kansas 0% 0%
Kentucky 0% 15%
Louisiana 0% 1%
Maine 0% 12%
Maryland 0% 11%
Massachusetts 0% 20%
Michigan 0% 28%
Minnesota 0% 0%
Mississippi 0% 0%
Missouri 0% 0%
Montana 0% 15%
Nebraska 0% 11%
Nevada 11% 97%
New Hampshire 0% 2%
New Jersey 0% 26%
New Mexico 0% 19%
New York 1% 60%
North Carolina 0% 1%
North Dakota 0% 11%
Ohio 0% 0%
Oklahoma 0% 1%
Oregon 2% 98%
Pennsylvania 0% 66%
Rhode Island 0% 33%
South Carolina 0% 0%
South Dakota 0% 18%
Tennessee 0% 0%
Texas 0% 3%
Utah 1% 98%
Vermont 0% 4%
Virginia 0% 1%
Washington 12% 100%
West Virginia 0% 1%
Wisconsin 0% 4%
Wyoming 0% 25%

 
 
 
Don’t Let Your Tank Break Your Bank.
For when you are behind the wheel this summer, AAA offers these tips to improve your driving to get better gas mileage:
   
The Outliers
Gas prices have shown some positive downward movement at the start of the month, but it is too early to determine if this is a trend. AAA has identified the following outliers that have the ability to drive gas prices – up or down – in the coming months.