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Posts Tagged ‘AAA gas prices’

Average Gas Prices on the Rise After Holiday

AAA suggests getting your driving trips in now.

by on Jul.13, 2017

Gas prices moved upward – on average – for the first time in five weeks this week, according to AAA.

With the summer driving season in full swing AAA reports that gasoline prices across the U.S have begun to creep upward.

For the first time in five weeks, the national average gas price is rising. At $2.26, today’s price has been moving higher since July 6, and is three cents more than last week. The price increase follows a week of solid demand growth and a third straight week of gasoline inventory drawdowns across the country.

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“Gas prices are still at some of the cheapest prices we’ve seen this year, but consumers should take advantage of them while they can,” said Jeanette Casselano, AAA spokesperson. (more…)

Gas Prices Starting to Fall in October

Some parts of country still over $2.50 a gallon.

by on Oct.20, 2016

Unexpected refinery maintenance has caused prices in some areas to rise slightly, but gas prices are down on average.

The national average price for regular unleaded gasoline has dropped for nearly two weeks after a brief spike during September, according to the information collected by AAA.

Unleaded gasoline was selling for $2.23.5 cents per gallon this week, AAA reported. The average price represents a decrease of two cents per gallon compared to one week ago, but remains five cents more than last month.

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Drivers across the country continue to see savings at the pump and are paying an average of three cents less per gallon year-over-year while the price of crude oil remains well below its historical highs, AAA said. (more…)

Despite Holiday Driving Record, Gas Prices Dropping

Supply is still above demand and keeping prices low.

by on Jul.07, 2016

Despite motorists driving at near-record levels, the price of gasoline continues to to drop.

With the summer driving season well underway and demand for gasoline closing in on record levels, gasoline prices are falling as the price of crude oil appears to have peaked, at least for now.

AAA reported this week that pump prices have fallen 24 straight days and registered their lowest price for the Independence Day holiday since 2005. The national average price for regular unleaded gasoline is $2.27 per gallon, which represents a savings of three cents per gallon on the week and nine cents per for the month, according to AAA as drivers benefit from discounts prices are down

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AAA estimated that the price of gasoline is 50 cents per gallon now compared with this same date last year. (more…)

Gas Prices Leveling Off as Refineries Ramp Up

Production back to normal output.

by on May.10, 2016

After climbing upward to a six-month high in early May, gasoline prices seem to have stabilized.

After reaching its highest point in six months in early May, the price of gasoline is showing signs of leveling off, ending the steep climb that raised the average price of gasoline as the spring driving season picked.

The price of gasoline at the pump declined slightly during the past week, according to the AAA. The group also said it is possible that prices have begun to stabilize as refineries increase production to meet record-high demand.

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The average price of $2.21 per gallon represents an increase of 17 cents per gallon on the month, and prices have moved higher for 23 of the past 31 days. (more…)

Summer Blend Makes Gas Prices Rise

Refineries shifting to special seasonal mix.

by on Apr.05, 2016

Gas prices are on the rise as producers move to the summer blend of fuel.

With the summer driving season fast approaching, the price of gasoline continues to climb, pushing the average price beyond $2 per gallon, according to a new report by AAA.

Despite increasing for 36 of the past 41 days, the national average is at its lowest price point for this same date since 2009, according to AAA.

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“The average price of $2.06 per gallon represents an increase of two cents on the week and 24 cents on the month. Pump prices continue to reflect year-over-year discounts, and drivers are saving 34 cents per gallon versus this same date last year,” the organization noted. (more…)

Gas Prices on the Rise in the US

Rising crude oil prices, refinery maintenance pushing the increase.

by on Mar.03, 2016

Gas prices are beginning to rise as crude oil prices continue to move upward and the spring refinery maintenance season starts up.

After declining throughout the winter, gasoline prices have started to rise in the last couple of weeks as the price of crude oil inches up and refineries begin getting ready for the spring driving season.

The national average price of gas has increased for six consecutive days for the first time since early November, though drivers continue to enjoy relatively low prices at the pump, AAA reported.

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Prices at the pump have climbed by four cents per gallon versus one week ago and are likely to continue to rise as the spring refinery maintenance season ramps up. Monthly and yearly savings persist and drivers are saving five cents on the month and 65 cents on the year, AAA said. (more…)

Gas Prices Remain Flat Despite Drop in Oil Costs

Global decline in crude doesn’t translate to drop at pumps.

by on Mar.24, 2015

Gas prices have remained flat recently despite another drop in crude prices.

Even as the demand for gasoline rises as the weather improves and the economy gets stronger, gasoline prices have remained flat for the past week even as the price of crude oil began to decline on markets all over the world.

The price of West Texas Intermediate crude oil reached a six-year low this past week, AAA noted, maintaining the downward pressure on the national price of gasoline, which has settled at $2.42.4 per gallon.

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This downward pressure has, at least temporarily, offset potential price gains from the robust demand, regional refinery maintenance and the seasonal transition to more expensive summer-blend gasoline. Consumers are paying fractions of a penny less than one week ago, 14 cents more than one month ago and continue to save more than $1.10 in comparison to this same date last year. The national average has now fallen for 13 of the past 16 days. (more…)

US Gas Prices Take Big Dive Last Month

Drop comes despite unrest in Middle East.

by on Jul.29, 2014

Not that drivers of the Jetta Hybrid were getting gas often, but now they're paying even less as prices at the pump have dropped.

Despite the tension in the Middle East, gasoline prices have dropped more than 16 cents per gallon in the past month, according to records compiled by AAA.

Gasoline prices vary by region but overall the average price for regular gasoline dropped more than 9 cents per gallon in the two weeks ended July 25 to $3.5795 a gallon, according to Lundberg Survey Inc., which surveys about 1,200 gasoline stations around the country.

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A recent U.S. Energy Information Association report indicated the average price of crude oil dropped by $1.04 per barrel and estimated average price of regular gasoline fell by 6 cents per gallon across the United States in the past week and is now 10.7 cents per gallon cheaper from a year ago before the turmoil began.

(more…)

Prices at the Pump Creeping Higher Due to Iraqi Unrest

Gas prices expected to remain higher than normal this summer.

by on Jun.23, 2014

Gas prices aren't going to drop to levels when you got it out of this pump, in fact, they are expected to buck the trend of dropping during the summer.

Gasoline prices across the nation have remained relatively stable as the turmoil in Iraq continues to shake global petroleum markets, but the chances for a gradual decline in prices at the pump are receding, observers suggest.

GasBuddy.com estimated gasoline prices increased by three cents last week to an average of $3.683. However, the price of low-sulfur diesel oil has risen by roughly 10 cents during the past two weeks, reaching nearly $3 per gallon in the wholesale markets around New York Harbor.

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Prices have not followed the established seasonal trajectory of dropping in the weeks after the Memorial Day holiday. Gasoline prices will typically peak in spring and retreat in June, and that’s not happening this year. In fact, the $3.67 average national price for a gallon of regular gasoline on June 18 was the highest it has been on that day since 2008 and is close to this year’s peak of $3.70, which occurred on April 28. (more…)