Dip occurs as spring break travel heats up. Despite increased demand, gas prices dipped lower this week, with yesterday’s national average at $3.07 per gallon, about 3 cents lower than a week ago, according to AAA. This drop at the pump comes as many travelers gear up to hit the road for spring break and […]
Gas Price Decline Stalls
According to AAA the decline in gas prices has slowed as the national average for a gallon of gas, which shed less than a penny since last week to reach $3.02. It has been close to the $3 level for five weeks yet faces stubborn resistance. Meanwhile, today’s national average per kilowatt hour of electricity […]
AAA Projects Thanksgiving Travel Up, Just Shy of Pre-Pandemic Levels
AAA expects over 48 million Americans will take a road trip during the long holiday weekend out of 55 million travelers overall. Crashes predicted to increase. AAA predicts 54.6 million people will travel 50 miles or more from home this Thanksgiving. That’s a 1.5% increase over 2021 and 98% of pre-pandemic volumes. This year is […]
AAA Reports Gas Prices Down as Demand Declines and Recession Fears Weigh Down Oil Market Expectations
According to AAA, fears of a global economic recession led to a major drop in the price of crude, down $7, which helped to minimize pump price increases last week. Meanwhile, domestic gasoline demand decreased as fewer drivers fueled up in the first half of October. According to the Energy Information Administration (EIA), gas demand […]
Gas Prices Decline Even with Increase in Demand Over July 4 Holiday
AAA reports that pump prices continued to decline, falling another 12 cents since last week to $4.67. The dip in the national average for a gallon of gas occurred despite a slight rise in demand, likely due to robust July 4th holiday automobile travel. AAA forecasted that 42 million people would hit the roads for […]
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 […]
National Average Gas Price Dips Slightly
According to AAA, consumers caught a little break as the national average price for a gallon of gas leveled off at $3.41, down a penny since last week. Since October 30, the national average has fallen on nine different days, after having risen steadily each of the previous 31 days. “A slight dip in gas […]
AAA Reports Gas Prices Were Up Six Cents on Week, Likely to Climb Higher with Pipeline Shutdown
AAA reports that the national gas price average jumped six cents to $2.96 for the week. If the trend continues, an increase of three more cents would make the national average the most expensive since November 2014 –the last time we saw average prices at $2.99 and higher. As CollisionWeek reported May 7, gasoline consumption […]
AAA Reports Gasoline Demand at All Time High
According to AAA gasoline demand is soaring to new heights. In its latest reading covering the week ending Aug. 9, the Energy Information Administration (EIA) recorded demand at 9.93 million b/d, the highest since the agency began recording data in 1991. As demand jumped, gasoline stocks fell by 1.4 million bbl and pump prices slowed […]
AAA Reports U.S. Gasoline Prices Are Dropping Fast
According to a report yesterday from AAA, the national average price for gasoline dropped six cents on the week to $2.68, following a consistent downward trend since Memorial Day. The decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand. However, the latest Energy […]