Nearly 90% will travel by car over long holiday weekend. The unofficial start to summer will be a busy one this year as AAA predicts 39.2 million people will travel 50 miles or more from home this Memorial Day weekend in the U.S. This is an increase of 8.3% over 2021, bringing travel volumes almost […]
Increased Demand for Gasoline Pushes Prices to Record Levels
Gasoline demand was up 3.7% last week compared to the previous week. Since Monday, the national average for a gallon of regular gasoline reported by AAA has increased by 11 cents to $4.59 a new record. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 4.8 million barrels […]
AAA Reports Gasoline Prices Above $4 per Gallon in Nearly Every State
Gas is 40 cents higher than a month ago, almost $1.50 higher than last year. With the national average cost for regular gas steadily climbing, three states—Georgia, Kansas, and Oklahoma—are still holdouts for crossing the $4 per gallon mark. The national average for a gallon of gasoline is now $4.48. The increase is primarily due […]
AAA Reports Consumer Skepticism Toward Autonomous Driving Features Justified
Research indicates driving assistance technology continues to underperform. In AAA’s latest survey of attitudes about automated vehicles, drivers overwhelmingly want automakers to improve the performance of existing driver support features rather than develop self-driving cars. And this desire is backed by another round of AAA testing that reveals inconsistent performance remains a problem with available […]
AAA Reports Average Gasoline Prices Down
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 […]
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