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Gas Prices Remain Low, Drive Big Vehicle Sales

Six states with prices below $2 a gallon.

by on Nov.12, 2015

Gas prices continue to remain low, which helping to drive sales of large trucks and SUVs.

Despite creeping up two cents per gallon as refinery maintenance reduced availability in some parts of the country, gasoline prices remain low by recent standards, which has helped feed a boom in sales of trucks and utility vehicles.

Even after the slight increase in average pump prices, drivers continue to benefit from substantial discounts as prices drop to the lowest price for this same date since 2006, according to AAA.

Stay on Top of Fast Changes!

Consumers are saving 10 cents per gallon month-over-month and 72 cents per gallon year-over-year. The national average has moved lower for 24 of the past 30 days and is down 59 cents per gallon versus the 2015 peak price of $2.80 per gallon back in June. (more…)