While prices are lower, the U.S. average remains above $4 per gallon. Gasoline demand up slightly. According to AAA, the cost of gasoline has continued to slide due to falling oil prices. The global oil market has seen lower prices since the U.S. and its allies agreed to significant releases of oil reserves. Also weighing […]
AAA Says Plan to Tap Strategic Petroleum Reserve Takes Pressure Off Gasoline Prices
President Biden’s announcement to release one million barrels of oil per day for six months (180 million barrels) from the Strategic Petroleum Reserve (SPR) helped send the global oil price tumbling to near $100 bbl. The release is intended to stem rising energy prices. The national average for a gallon of gas has fallen to […]
Gas Prices Stabilize After Declining Last Week
AAA reported today that as the cost of a barrel of oil has remained near $110, the gas price decline has slowed. After hitting $4.33 on March 11, the national average for a gallon of gasoline is now $4.24, but only down a penny since last week. Domestically, gasoline demand is again defying seasonal trends […]
AAA Reports Gas Prices Sink Slowly But Cautions They Could Rebound
After hitting a record $4.33 on March 11, the national average for a gallon of gasoline has fallen to $4.25. The primary reason is the lower global price of crude oil, which peaked shortly after Russia launched its war in Ukraine, but is now more than $20 lower and hovering near $105/bbl. Domestically, gasoline demand […]
INRIX Reports U.S. Travel Declines Slightly as Gas Prices Increase
Midwest and Southern region trips declined while Western and Northeast increased last week. According to INRIX, while gasoline prices have increased dramatically over the past month, the price increases have had a negligible effect on driving, as employees return to offices and COVID-19 restrictions eased across the country. “Despite the increase in trip demand over […]
AAA Says $4 Gas the Tipping Point for Most Americans
With today’s average over $4.38 per gallon in the U.S. survey finds 59% of Americans will make lifestyle changes. Summer travel may not be impacted. New survey data from AAA finds that two-thirds of Americans felt gas prices were too expensive just a few weeks ago at $3.53 per gallon. Now with the national average […]
AAA Reports Russia-Ukraine Conflict Continues to Cause Pain at the Pump as Gas Prices Up 45 Cents on Week
As the conflict between Russia and Ukraine continues, crude prices soar, leading to higher pump prices in the U.S. According to AAA, the national average for a gallon of gas is $4.06, 45 cents more than a week ago, 62 cents more than a month ago and $1.30 more than a year ago. The national […]
AAA Says Drivers Paid $26.5 Billion in Vehicle Repairs Due to Potholes
Americans battling the polar vortex will soon face a greater enemy—pothole season. A new survey from AAA found that last year 1 in 10 drivers sustained vehicle damage significant enough to warrant a repair after hitting a pothole. With an average price tag of almost $600 per repair, damage caused by potholes cost drivers a […]
AAA Foundation Research Finds Spike in Traffic Fatalities Result of High-Risk Younger Men That Were a Larger Share of Those Who Drove More During Pandemic
As the COVID-19 pandemic swept across the country, it led to fewer drivers on the roads and a significant reduction in the number of miles driven. And yet, U.S. government data shows traffic fatalities have surged, along with an increase in crashes involving impairment, speeding, red-light running, aggressiveness, and non-seatbelt use, to its highest level […]
AAA Reports Gas Prices at Highest Level Since 2014
Prices continue to Increase with no signs of slowing. According to AAA’s weekly fuel gauge report, blustery winter weather and geopolitical tensions are helping to drive the price of oil higher, which is in the low-$90s per barrel, nearly $30 more than in August. The recent cold weather in the U.S increased the demand for […]
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