What Is Your Lowest-Price Day of the Week? (Infographic)
Published in CSP Daily News
GasBuddy study finds weekends best for motorists to fill up
BROOKLYN PARK, Minn. -- In an examination of fuel pricing that could provide competitive insights to gasoline retailers, a new GasBuddy study has tracked trends over the last four years showing what day of the week saw the cheapest gasoline price in each state. It also concluded which day or part of the week offered a state's lowest price overall. The analysis showed a wide variation on the cheapest day for consumers to fuel up, but not every day was well represented.
"Surprisingly, many states see the lowest gasoline prices for the week during the weekend, which may come as a surprise to many motorists," said Patrick DeHaan, senior petroleum analyst with GasBuddy.com.
According to the analysis, 65% of states saw lower prices during the weekend than the week, which included Friday, Saturday or Sunday. GasBuddy's data also found that very few states saw Tuesday or Wednesday as the best day to fuel up.
GasBuddy's analysis concludes that generally late-week or weekend fueling can result in the best savings for a majority of motorists. Few states saw consistency year to year in the day that featured the best prices, with just Delaware, Indiana, Iowa, Kentucky, Maryland and South Dakota seeing the lowest prices on the same day for three out of the four years.
Brooklyn Park, Minn.-based GasBuddy, which tracks user-submitted gasoline prices at more than 140,000 stations in the United States and Canada, is a division of Oil Price Information Systems (OPIS), Gaithersburg, Md.