Here are the average gas prices of 2019, cheapest to most expense. Average prices for the entire Midwest region moved within a range of $2.00/gal to $2.77/gal during the year. New York, Connecticut, are other states which use RFG, tend to have higher gas prices. But that $2.25/gallon? Prices in Chicago were higher than prices in Cleveland and higher than the Midwest regional average in 44 of 52 weeks during 2019. Regardless, the good news is that this year’s prices are already lower. Everlance uses GPS to track each drive automatically and calculates the deduction immediately, based on the mileage rate. Whether your employees use the standard IRS rate, your company’s own reimbursement rate, or neither, and they just deduct the actual costs of using their own vehicles. Gasoline prices throughout the Midwest averaged $2.49/gal during 2019, which is 12 cents lower than the national average. - Absolute gas price: $0.16 - Inflation-adjusted price: $2.95 (#20 most expensive year in 84-year span) In 1940, development in the world of automobiles changed the American car permanently: The Oldsmobile became the first car to offer the Hydra-matic, at an additional cost of $57, illustrating a move away from manual driving. Alternatively, if your business operates in a state that has lower gas prices than the national average, you might consider lowering your reimbursement rate. Gas this “inexpensive” should bring huge benefits to American families. An oversupply of oil on the world market lead to a steady decline in the price of fuel. You’re probably wondering why gas is so expensive in California ($3.25) versus Oklahoma, which has the lowest price ($1.85)? We also observed that the most popular gas stations weren’t always the cheapest options. Of course, gas prices vary by region, but overall, they are less expensive than they were in 2018. West Coast gasoline prices in 2019 were especially elevated because of a combination of local refinery outages and attacks on Saudi Arabian oil facilities. so it is not a one-size-fits-all for different areas of the country. For 45 weeks in 2019, retail gasoline prices in Houston were the lowest of the 10 cities for which EIA collected data. Energy use in homes, commercial buildings, manufacturing, and transportation. Regular Mid-Grade Premium Diesel E85; Current Avg. The first things we noticed were our outliers. It could be that business travelers aren’t as concerned about getting the best deal when it’s on the company card (or it could just be that Chevron’s 7,800 locations make it an easy option on the road). An oversupply of oil on the world market lead to a steady decline in the price of fuel. However, Pilot Flying J gas locations often feature full-scale restaurants in addition to fuel pumps. Cost of Gallon of Gasoline with taxes added $3.531 Surcharges and Credit Card Fees. $2.111: $2.464: $2.729: $2.397: $1.926: Week Ago Avg. Gasoline prices rose steadily during the first quarter of the year, rising from $2.24 on January 7 to $2.90/gal on May 6, before gradually declining through the rest of the year. You’re probably wondering why gas is so expensive in California ($3.25) versus Oklahoma, which has the lowest price ($1.85)? This discrepancy could reflect biases in our data, or, more likely, it’s a reflection of a roughly $0.28 average non-gas purchase as part of the transaction. . Maps by energy source and topic, includes forecast maps. Submit the form and we’ll reach out shortly to help you get started. This rate fluctuates year to year and applies to cars, trucks, and vans. New York, Connecticut, are other states which use RFG, tend to have higher gas prices. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. If you want to learn more about our product, we’d love to schedule some time to chat. State energy information, including overviews, rankings, data, and analyses. Midwest (Chicago and Cleveland). Many drivers are enjoying these low prices, compared to last summer when gas prices were at their highest rate in four years. This rate fluctuates year to year and applies to cars, trucks, and vans. It could be that business travelers aren’t as concerned about getting the best deal when it’s on the company card (or it could just be that Chevron’s 7,800 locations make it an easy option on the road). To breakdown these factors in more detail: EIA’s explanation of why gas prices in California are so high: “California gasoline prices are higher and more variable than prices in other states because relatively few supply sources offer California’s unique blend of gasoline outside of the state. How to know if your startup is overspending. Energy & Financial Markets: What Drives Crude Oil Prices? Average gasoline prices for the entire West Coast region moved within a range of $2.91/gal to $3.71/gal during the year. Financial market analysis and financial data for major energy companies. We ended up with over 585,000 transactions. Whether to use the IRS standard rate or a higher/lower rate, could be based on average gas prices in your area. U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018. Divvy identifies qualified customers using a number of factors including Divvy payment history and growth of your business. Regardless, the good news is that this year’s prices are already lower. Uranium fuel, nuclear reactors, generation, spent fuel. The standard mileage rate is based on. Gasoline prices on the West Coast tend to be higher than in other parts of the country because of the region’s limited interconnections with other major refining centers and because of gasoline specifications that make it more costly to manufacture. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. International energy information, including overviews, rankings, data, and analyses. East Coast gasoline moved within a range of $2.22/gal and $2.79/gal, during 2019, and prices in Boston and New York City peaked at the start of the summer driving season on May 6 at $2.84/gal and $2.93/gal, respectively. As a result, average gasoline prices in the West Coast have been the nation’s highest for the past 20 years. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Because of the MCC codes we used, we were unable to filter out non-fuel purchases, so there’s a good chance people were using their business cards at 7-Eleven to buy cheap coffee or snacks when traveling. Divvy is free expense management software paired with smart corporate credit cards. And which gas stations are consistently offering the best prices? Today’s national average is closer to $2.45/gallon—here’s hoping gas prices continue to stay low in 2020. Because the cost of crude oil accounts for about 52% of retail gasoline’s final cost, the price of gasoline generally follows movements in crude oil prices, which followed a similar price path during 2019. U.S. If a company chooses to use a rate that exceeds the federal standard, the excess income would be taxable for the employee, which is essential to keep in mind. The truth is, you’re actually paying much, much more. Based on our top 20 list, the average cost of a gallon of gas last year was $2.88—the EIA has overall 2019 average gas prices at $2.60. © 2020 Divvy. The Rocky Mountain’s gasoline demand centers are geographically dispersed and are separated from sources of supply by mountain ranges and large expanses of wilderness and rural lands, which contribute to higher prices in the region. is blended to burn more cleanly than conventional gasoline and to reduce smog-forming and toxic pollutants in the air. U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018. For example, in our state, almost every Flying J has a sit-down Denny’s, but they also partner with fast-food options like KFC, Pizza Hut, and Wendy’s. Based on our top 20 list, the average cost of a gallon of gas last year was $2.88—the, EIA has overall 2019 average gas prices at $2.60. Because of the MCC codes we used, we were unable to filter out non-fuel purchases, so there’s a good chance people were using their business cards at 7-Eleven to buy cheap coffee or snacks when traveling. Send your feedback to, Residential Energy Consumption Survey (RECS), Commercial Buildings Energy Consumption Survey (CBECS). Estimate $.219 per gallon added for taxes. In addition to the higher cost of this cleaner fuel, state taxes on gasoline in California are higher than they are in most states.”. Variations in gasoline prices across the country reflect differences in gasoline specifications, state and local taxes, and supply and demand balances in regional markets. Except for a brief two-month period between April and May, prices in Miami were consistently lower than in New York City and Boston. This means that you can track your entire business financial picture just as quickly as you can track miles. Next, we sorted our list by total transaction count to see where our customers were filling up most often. Now the question remains, will these low prices continue, and what are the factors which determine the pricing of gas? each year so that employees, contractors, and employers can use it for tax purposes. As of the fourth quarter of 2019, the average national gas price was 2.91 U.S. dollars per gallon.