With gasoline prices rising in both Canada and the United States, its time for a snapshot of where prices are cheap and where they aren't. Like so many other times of the year, the cheapest states remain those who are most familiar with the lowest prices.
South Carolina lands the title for cheapest, while neighbor North Carolina is half way down the list, at 20th cheapest. The spread between the two is nearly fourteen cents. The only region that doesn't have a state represented in the cheapest five is the West Coast. All other regions are represented. South Carolina, as mentioned, takes 1st for the South. New Jersey takes 2nd cheapest for the Northeast, Oklahoma takes 3rd for the Midwest/Plains, Colorado takes 4th cheapest for the Rockies, and Missouri takes 5th cheapest for the Midwest.
On the other hand, Hawaii easily takes the title for most expensive gas in the United States, averaging $3.553 per gallon, nearly 90-cents higher than South Carolina. Alaska takes 2nd for most expensive, coming in at $3.374 per gallon. About thirty cents separates the continental U.S., with California easily taking the 3rd most expensive spot, followed by #4 Washington and #5 Idaho.
With just one exception, Colorado, the cheapest five states all have among the lowest gasoline taxes per gallon, with an average of 35-cents of each gallon being tax. Colorado state taxes average closed to 41-cents per gallon.
Focusing more on Canada, prices range from a low of 86.4c/L in oil rich Alberta to a high of 116.6c/L in Newfoundland. This represents a difference of 30.2c/L, or $0.30USD across Canada. Prices remain under 100c/L in Alberta, Manitoba, and Ontario, while prices above 107c/L can be found in British Columbia, Nova Scotia, and Newfoundland.
Taxes in Canada range from 22.4c/L-39.3c/L, or the equivalent of between 85 cents per gallon and $1.50 per gallon! This is the only significant difference between the two countries- the amount of gasoline taxes levied on each liter or gallon. If gasoline taxes approached the same amount in the United States, gas prices could range from $3.50-$4.25 per gallon.
Prices in all fifty states are likely to continue their climb this week as wholesale prices continue to slowly advance.