Detroit Bureau on Twitter

Posts Tagged ‘gas prices low’

Production on the Rise, Keeping Gas Prices Down

Demand is lower while production levels are up.

by on Dec.06, 2017

Gas prices continue to fall as demand drops during the winter driving season.

With the winter driving season fast approaching, the price of gasoline is continuing to drop, according to AAA.

At $2.48, the national gas price average is at its cheapest level since early November. More so, pump prices nationally have been steadily dropping during the last two weeks. Today’s gas price is three cents less than a week ago, four cents cheaper than one month ago and 30 cents more than a year ago, according to AAA.

Subscribe Now!

“Cheaper winter gas prices are being seen for the bulk of the country as gasoline demand hits the lowest mark since February,” said Jeanette Casselano, AAA spokesperson. “On the week, 90% of states saw their gas price average drop – some even by double digits.”  (more…)

Reason to Celebrate: July 4 Gas Prices Plunge

Prices at pump are lowest since February.

by on Jun.28, 2017

Holiday drivers have reason to celebrate this Independence Day: the lowest average gas prices since February.

Despite a surge in demand for gasoline as the summer driving season picks up momentum, the national average price for gasoline is nearing an all-time low for the year at $2.26 per gallon, according to AAA.

AAA reported that the last time the national average was this low was February. In addition, the website Gas Buddy estimated that this is the first time in 17 years that the price of gasoline on July 4th is likely to be less than the price on Jan. 1 of the same year.

Technology and Business News!

Right now, AAA forecasts 37.5 million American will drive to their holiday destination, which may boost gas prices slightly. (more…)

Gas Prices Fall as Markets Stumble

Prices fall in Midwest despite refinery issues.

by on Aug.25, 2015

The average price for gas has dropped recently in the U.S., despite refinery issues in the Midwest.

With the stock markets across the world in turmoil, oil prices are continuing to spiral downward and gasoline prices are also tumbling as the end of the summer driving season.

The average U.S. gas prices are at the lowest levels for this time of year since 2004 — the year before Hurricane Katrina shut down refineries along the Gulf Coast — due to the continuing decline in the cost of crude oil, according to the AAA’s weekly survey.

Global Insight!

Gas prices have dropped despite ongoing refinery problems, particularly in the Midwest, and prices are expected to fall this autumn due to declining demand and the switchover to winter-blend gasoline. (more…)