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Posts Tagged ‘summer driving season’

Gas Prices on the Decline as Summer Driving Season Approaches

West Coast may see uptick due to refinery problem.

by on May.18, 2017

Gas prices are falling just as the summer driving season is kicking off.

With the summer driving season about to get underway, the price of gasoline is trending downward, following a small price spike in the late winter and early spring.

The national average is $2.34 per gallon, which is a penny cheaper than one week ago, seven cents less than a month ago, but 12 cents more than a year ago, according to the latest report from AAA.

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The latest report by the Energy Information Administration, a unit of the U.S. Department of Energy, shows that gasoline demand increased by 252,000 barrels in the past week. (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.

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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…)

Gas Prices Rise in Time for Memorial Day Holiday

Price at pump up a nickel in last week, 26 cents for the month.

by on May.21, 2015

AAA reports that gas prices have risen a nickel in the last week, just in time for the Memorial Day holiday.

Not surprisingly, with the Memorial Day Holiday – the official start of the summer driving season – fast approaching, gasoline prices continue to increase. They climbed by a nickel a gallon, according to AAA, in the last week.

The national average price for regular unleaded gasoline has increased on 32 of the past 34 days, reaching today’s price of $2.71 per gallon. Consumers are paying 26 cents more per gallon than one month ago.

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Pump prices have moved higher nationwide in recent months, largely due to the global rally in crude prices. The impact of more expensive crude oil on gas prices has been exacerbated by refinery problems. (more…)