Detroit Bureau on Twitter

Posts Tagged ‘dropping fuel prices’

Gas Prices Continue Dropping during Holiday Season

South Carolina cheapest for gas, while California most expensive.

by on Apr.08, 2015

Gas prices have dropped steadily during the last 30 days and are more than $1 cheaper than a year ago.

Even with the Easter and Passover holidays at hand, the national average price for regular unleaded gasoline continues to drop.

AAA reports gasoline prices have fallen for 24 of the past 30 days, after reaching a peak-to-date price for 2015 of $2.46 per gallon on March 7. The price at the pump continues to reflect seasonality as refineries complete scheduled maintenance and prepare for the summer driving season, according to the latest estimate by AAA.

Automotive Insight!

AAA calculated this week the national average price at the pump is $2.39 per gallon, which represents a savings of three cents versus one week ago and seven cents versus one month ago. Consumers continue to experience significant year-over-year savings in the price of retail gasoline and are saving $1.19 per gallon compared to this same date last year. (more…)

Fuel Economy Continues to Rise for New Vehicles

New oil production in U.S. offsetting need for foreign imports.

by on Dec.13, 2013

Ford's EcoBoost engine family is helping to improve U.S. fuel economy.

The fuel economy of new vehicles sold in the United States set a record for efficiency during model year 2012 as vehicles reached an all-time high fuel economy of 23.6 miles per gallon, the U.S. Environmental Protection Agency has reported.

The 23.6 mpg figure represented a 1.2 mpg increase over the previous year, making it the second largest annual increase in the last 30 years. Fuel economy has now increased in seven of the last eight years, according to the EPA.

The Last Word!

“Today’s new vehicles are cleaner and more fuel efficient than ever, saving American families money at the gas pump and helping to keep the air that we breathe cleaner,” said Janet McCabe, Acting Assistant Administrator for EPA’s Office of Air and Radiation. “Each year new technologies are coming on line to keep driving these positive trends toward greater and greater efficiency.” (more…)