• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • EV Sales Growing Fast, But Stellantis CEO Tavares Warns of “Many Bumps” Along the Way
  • Stellantis Plowing $2.5B into New Indiana Battery Plant
  • Hyundai Recalling 281K Vehicles Due to Exploding Seat Belt Part
  • How Far is Up? Mercedes Teases New Maybach and Mythos Roadsters
  • Honda Drops a Sneak Peek of the All-New 2023 CR-V
  • Rising Gas Prices Slowing Americans from Driving This Holiday Weekend
  • The Headlight News Podcast Offers the Latest News about New Cars, EVs and More
  • Average U.S. Automobile is Now a Record 12.2 Years Old
  • Opinion: It’s Time for Elon Musk to Take a Break
  • U-M Warns of Rough Road in 2023-24 for Auto Industry
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2022 BMW 230i Coupe
    • First Impression: 2022 Audi RS e-tron GT
    • A Week With: 2022 Volkswagen Tiguan SEL R-Line 4Motion
    • A Week With: 2022 Kia Forte GT
    • First Drive: 2023 Genesis GV60
    • First Drive: 2022 Mercedes-Benz C 300
    • First Impression: 2023 Nissan Z
    • A Week With: 2022 Lexus LC 500 Convertible
    • A Week With: 2022 Ram 2500 Power Wagon Crew Cab
    • First Drive: 2022 Ford F-150 Lightning
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automobiles > Gas Prices Expected to Keep Falling

        Gas Prices Expected to Keep Falling

        Production levels around the globe remain high.

        Joseph Szczesny
        Joseph Szczesny , Executive Editor
        July 14, 2016
        Despite Americans racking up the miles, gas prices continue to fall as production remains high.

        The price of gasoline has now fallen for more than a month, according to a new report from AAA, as American motorists plunge ahead with the busiest summer for driving in nearly a decade.

        At the beginning of the week, the average price of a gallon of gas has dropped for 30 consecutive days after a mini-surge in the spring, AAA said. It is the longest streak of falling prices since August/September of 2015. Moreover, gasoline prices are now at their lowest mark for mid-July since 2004.

        Get a Free Subscription!

        The national average price for regular unleaded gasoline is $2.23 per gallon, which is four cents per gallon less than a week ago, fifteen cents less than a month ago and 53 cents less than one year ago.

        Prices for some drivers are even lower with some 25,000 gas stations (approximately a quarter of stations) nationwide now selling gasoline for less than $2.

        The Lundberg Survey released this week noted the average price of midgrade unleaded was $2.57 a gallon and $2.78 for premium. The U.S. average diesel price is $2.41 per gallon, down a penny from two weeks ago.

        The highest average price for regular gasoline in the Lower 48 was $2.90 a gallon in the San Francisco Bay Area. The lowest was $1.91 in Charleston, South Carolina, according to Lundberg.

        (California regulators reject VW plan to repair 3.0-liter diesels. For more, Click Here.)

        AAA reported the West Coast remains the most expensive region to by gasoline in the country, led by California at $2.88 per gallon, Washington at $2.67 and Nevada at $2.57. The nation’s least expensive markets are South Carolina at $1.93 per gallon, Oklahoma and Mississippi at $2 and Missouri $2.01, AAA said.

        Gasoline prices are poised to continue their slide this week as both crude oil and wholesale gasoline prices continues to drop. West Texas Intermediate and Brent crude were each down more than 7% last week, with WTI, the primary U.S. benchmark, falling from $48.99 to $45.41 or by 7.9% during the course of the holiday-shortened trading week as a rally in the price of crude oil fizzled out.

        (Click Here for details about GM’s new legal setback.)

        The price of oil currently reflects slightly more than half the price of gasoline at the pump, so lower oil prices are expected to result in lower retail gas prices for drivers. Additionally, the most recent Department of Energy report cited domestic gasoline production at just 100,000 barrels per day short of the all-time record, lending further momentum to falling prices.

        Global oil prices have continued to sag thanks largely to indications of increased supply. This includes reports that June production by the Organization of Petroleum Exporting Countries rose to more than 32.5 million barrels per day, as Nigerian production ramped up following disruptions.

        (To see more about the latest decline in gas prices, Click Here.)

        While these reports have pressured global prices lower, the region remains volatile and an incident that impacts production or heightens geopolitical concerns could send prices higher again. At the close of Friday’s formal trading session on the NYMEX, WTI was up 27 cents to settle at $45.41 per barrel.

        Recently Published
        Carlos Tavares v3 3-1-22

        EV Sales Growing Fast, But Stellantis CEO Tavares Warns of “Many Bumps” Along the Way

        Yesterday
        Stellantis Samsung SDI Kokomo

        Stellantis Plowing $2.5B into New Indiana Battery Plant

        Yesterday
        2022 Hyundai Elantra Hybrid

        Hyundai Recalling 281K Vehicles Due to Exploding Seat Belt Part

        Yesterday

        3 responses to “Gas Prices Expected to Keep Falling”

        1. therr says:
          July 14, 2016 at 6:23 pm

          Gas prices should continue to fall. The price in Southwest Michigan went UP twenty-five to thirty cents yesterday, July 13, and in South Haven, MI, it went up forty-three cents. I only wish when the price goes up, someone, Gas Buddy included, would give us the reason, whatever it may be, supply/demand, refinery trouble, just because they can?

          Reply
        2. Joe Thaler says:
          July 14, 2016 at 7:13 pm

          Apparently, no one has received that news, up here, in Washington State. Can you yell a little louder?

          Reply
        3. Joe Thaler says:
          July 14, 2016 at 7:27 pm

          Up here, in the State of WA, apparently we haven’t gotten the news. Could you yell a little louder?

          Reply

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2022
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: