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Posts Tagged ‘low-price gas’

Gas Prices Remain on Downward Track for 2016

Lack of demand and plenty of supply equates to low prices in foreseeable future.

by on Dec.29, 2015

Gas prices are expected to continue falling into the new year as demand remains low.

The big bust in gasoline prices that saved American motorists an average of $500 each during 2015, shows every sign of continuing into the New Year as gasoline prices sit at their lowest point since the great recession.

Drivers paid the lowest averages for the Christmas holiday since 2009, and pump prices continue to hover around the $2 benchmark. Retail averages have fallen for 45 of the past 52 days, according to AAA. Despite prices moving higher by fractions of a penny on the week, the average price of $1.999 is the lowest for this date since the Great Recession.

News Now!

Monthly and yearly discounts persist, and consumers are saving five cents per gallon versus one month ago, and 30 cents per gallon versus this same date last year. (more…)

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…)