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Gas Prices Falling as Summer Driving Season Ends

Look for slide to continue as demand drops.

by on Sep.15, 2016

Gas prices are falling as the summer driving season has ended and demand is dropping.

The price of gasoline at retail pumps around the nation has tumbled since Labor Day as the price of crude oil remains low across the globe and refineries begin switching over to winter blends, which are less expensive to produce, according to AAA.

At the same time, the surge in driving in recent months has cut into inventories, but stock remain high and crude oil producers continue to produce despite low prices, the Energy Information Agency reports.

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AAA reported that gas prices have fallen for 11 of the past 12 days, reaching today’s average of $2.18 per gallon. Drivers are saving two cents per gallon compared with one week ago, but are paying five cents per gallon more on the month.  (more…)

Gas Prices Ascending into Labor Day Weekend

Rising crude prices and Louisiana floods causing price jump.

by on Aug.31, 2016

With the Labor Day weekend looming, gas prices continue to rise.

Gasoline prices continue to move upwards heading into the Labor Day weekend.

After dropping for two months, including a streak of 53 out of 54 days, pump prices are increasing and the national average price for regular unleaded gasoline has risen for 14 consecutive days, according AAA.

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The average price of $2.22 per gallon nationwide marks an increase of six cents per gallon compared to one week ago and eight cents per gallon compared to one month ago, AAA reported. Despite the increase, drivers are paying 27 cents less than they did at this same time last year and are on track to pay the lowest Labor Day gas prices since 2004. (more…)

Gas Prices Ticking Upward as Summer Ends

If demand drops after Labor Day, prices are expected to follow suit.

by on Aug.25, 2016

Gas prices rose for the first time in months in August; however, if demand drops after Labor Day, prices are likely to follow.

A rise in the price of crude oil has pushed up the price of gasoline at pumps across the United States for the first time in two months.

The increase follows a summer-long streak during which the national retail average price of gasoline dropped on 54 of 55 days. But prices at the pump have now increased steadily during the past three weeks, according to AAA.

The Journal of Record!

The national average price for regular unleaded is $2.16 per gallon, which is four cents more than one week ago, but is two cents less than a month ago and 46 cents less than the same date last year, and the lowest price for this date since 2004, AAA said. (more…)

Flatlining: What Happened to the Spare Tire?

Alternatives like run-flats and inflator kits are costly and can still leave a motorist stranded.

by on Nov.12, 2015

Flat tires are still a common occurence.

Out of sight, out of mind?

Spare tires used to be such an important part of a vehicle that they were often incorporated in the basic shape of many models from the so-called golden era of design. For years, the Lincoln Continental’s trunk bore the distinctive, rounded shape of a spare – even when the fifth tire was moved to a less prominent storage location.

While a few classic SUVs, like the Jeep Wrangler, still give their spares prominent placement, those back-up tires are now more likely to be tucked under the trunk’s load floor – that is, if you have a spare at all. In many vehicles, from the sporty Chevrolet Camaro to the mainstream Ford Fusion, spares have been left out entirely.

We Won't Leave You Flat!

By various estimates, somewhere between a third and a half of the new vehicles sold in the U.S. this year will come sans spare. Instead, manufacturers are opting for alternatives like tire inflator kits or run-flat tires, the latter designed to keep running for as much as 50 miles even if they lose pressure.

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One in Three Americans Skips Vehicle Service, Repairs

Unnecessarily increasing the odds of a breakdown.

by on Oct.09, 2015

AAA made 24 mil roadside calls in 2014.

Are you tempting fate? You are if you are among the 35% of Americans who have been skipping or delaying vehicle service and repairs, according to a new study by AAA.

The motoring and travel organization wants that putting off repairs, such as oil changes, and battery and tire replacements, can not only leave a family stranded on the side of the road but put their health and safety at risk. A delayed repair also can mean higher costs later.

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“According to a survey of AAA’s certified Approved Auto Repair shops, consumers that forget or ignore recommended maintenance ultimately pay higher repair costs,” cautioned John Nielsen, AAA’s managing director of Automotive Engineering and Repair. “These repair facilities estimate drivers can save an average of one hundred dollars per visit simply by properly maintaining their vehicle.”

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Adding a Teen Will Nearly Double Parents’ Insurance Bill

But discounts are available.

by on Jun.15, 2015

Texting and driving is one reason teens are socked with hefty insurance premiums.

It’s normal for parents to start worrying when their teens get old enough to drive – but wondering whether they’ll be safe is only one of the reasons. Adding a teen to the family car insurance policy is another reason to start fretting, as it could nearly double what parents already are paying, according to a new study.

On average, premiums will rise about 80%, according to a new study by insuranceQuotes.com. But the increase is likely to run an average 92% for a teenage male. The increases vary widely, depending upon state, averaging as little as 17% in Hawaii, and as much as 115% in New Hampshire, the study revealed.

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“It’s really expensive to insure a teen driver, said Laura Adams, the website’s senior analyst. The good news, she added, is that there are ways to get discounts if, for example, your teen is a good student.

The penalty for teen drivers should come as no surprise, experts say, considering young drivers tend to also be the riskiest group on the road.

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Teen Drivers Pose a Risk to Everyone on the Road

New study finds 2/3 of fatalities and injuries involve passengers, other drivers.

by on May.27, 2015

Motor vehicle crashes have long been one of the primary causes of death and injuries among teen drivers. But a new study by AAA finds that young motorists are also a danger to everyone else on the road.

In all, nearly 3,000 people were killed in teen crashes in 2013, according to the AAA Foundation for Traffic Safety, with nearly 400,000 injured. But a new AAA study finds that nearly two-thirds of the people injured or killed during a crash are people other than the teen behind the wheel.

Safety First!

“Teen crash rates are higher than any other age group, and this data confirms that the impact of their crashes extend well beyond the teen who is behind the wheel,” notes Peter Kissinger, President and CEO of the AAA Foundation for Traffic Safety.

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Gas Prices Falling Despite International Conflicts

by on Aug.12, 2014

Gas prices are predicted to drop through the fall.

Ongoing strife in Iraq and Ukraine should be a recipe for a gas price hike in the U.S.; however, the national average retail price for a gallon of regular unleaded continues to fall: a trend that is expected to continue.

The U.S. Energy Information Administration, also known as the EIA, predicts further drops at the pump throughout the third quarter of this year as lower refinery margins offset higher crude oil prices. The agency expects regular gasoline retail prices to average $3.54 per gallon in 2014 and $3.45 per gallon gal in 2015, compared with $3.51 per gallon in 2013.

Stay in the Race!

AAA and GasBuddy.com reported this week a national average price of $3.47 for a gallon of regular unleaded, down 2 cents from this time last week and 15 cents from one month ago. The national average price for this date last year was $3.55 per gallon, according GasBuddy. (more…)

What Vehicle is Most Expensive? Compact? SUV?

Biggest costs for new vehicle comes from using it.

by on Mar.25, 2014

AAA figured out what it costs, per mile, to operate a variety of vehicles.

When it comes to buying a new vehicle, many folks are shopping by price. However, it’s not only the monthly payment that buyers should consider, but also the operating costs because often they’re what has owners digging deeper into their pockets for more money on a regular basis.

The 2013 AAA Your Driving Costs report shows that if you drive a typical family sedan, such as a Ford Fusion, it’ll cost you more than $9,000 to operate that car for one year. Have a big SUV? Make it $11,600 per year.

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The study takes into account a variety of factors such as fuel costs, insurance costs, depreciation and other expenses. Fuel costs were based on $3.486 per gallon, the late-2012 U.S. price from AAA’s Fuel Gauge Report. Fuel mileage is based on Environmental Protection Agency fuel-economy ratings weighted 60% city and 40% highway driving. (more…)

Cost of Ownership Rises 2%, Now Over $9,100 a Year

Average motorists will spend over 60 cents a mile.

by on Apr.16, 2013

It will cost you more than $9,000 to own and operate the typical sedan this year, says a new AAA study.

Now that you’ve got your taxes done, perhaps it’s time to sit down and work out your automotive budget.  But a quick estimate by AAA suggests you’ll spend an average $9,122 on your car this year – an increase of nearly 2% over 2012.

Costs vary widely, of course, depending upon factors such as what and where you drive, along with the ups-and-downs of fuel prices. But the typical sedan owner who clocks 15,000 miles a year should budget 60.8 cents a mile, according to the latest annual “Your Driving Costs” study from AAA.

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“Many factors go into the cost calculation of owning and operating a vehicle,” said John Nielsen, AAA Director of Automotive Engineering and Repair. “This year, changes in maintenance, fuel and insurance costs resulted in the increase” of about 1.17 cents a mile compared to the 2012 study.

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