The national average price for a gallon of regular gasoline fell 7 cents over the past week to $4.09, the first weekly decline since Middle East conflict began driving pump prices sharply higher in early March, AAA reported April 16. West Texas Intermediate crude oil has continued to trade below $100 a barrel following the […]
National Average Gas Price Nears $4 per Gallon After $1 Surge in One Month
The national average price for a gallon of regular gasoline hit $3.98 on March 26, up 10 cents from a week ago and a full dollar higher than its $2.98 level just one month earlier, AAA reported. Crude oil prices remain elevated as the Iran conflict enters its fourth week, and AAA said the national […]
U.S. National Average Gas Price Surges to $3.60 as Crude Oil Tops $100 per Barrel
The national average price for a gallon of regular gasoline hit $3.598 March 12, a nearly 35-cent jump from a week ago and the second consecutive week of sharp increases, AAA reported. Rising fuel costs add to the operating expenses collision repair facilities face across the supply chain, from parts delivery to customer vehicle transportation, […]
Gas Prices Down Even as Demand Increases
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 […]