Car travel during holiday expected to set a new record despite the historically high gas prices. Gasoline demand has been trending downward compared to 2019. Summer travel is already in full swing and Independence Day will be no exception as AAA predicts 47.9 million people will travel 50 miles or more from home over the […]
Gasoline Price Increases Ease as Demand Declines Following Memorial Day Holiday
According to AAA, since Monday, the national average for a gallon of regular gasoline has decreased by a penny to $5.00. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks fell by 700,000 bbl to 217.5 million bbl last week. Meanwhile, gasoline demand declined slightly from 9.2 million b/d to […]
Hankook Tire Research Confirms Gas Prices Impact Driving Habits
Majority of Americans report reducing driving. AAA reports record gas prices on increased demand as summer driving kicks off. As Americans continue to navigate an evolving economic environment and increased gas prices, new data from Hankook Tire’s Gauge Index reveals the impact on everyday driving. AAA research, however, shows the impact hasn’t really been felt […]
AAA Projects 39.2 Million People Will Travel During US Memorial Day Holiday
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 […]
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