{"id":99039,"date":"2015-09-23T07:23:29","date_gmt":"2015-09-23T11:23:29","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=99039"},"modified":"2015-09-23T07:23:29","modified_gmt":"2015-09-23T11:23:29","slug":"gas-prices-continue-slide-toward-2-per-gallon","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2015\/09\/gas-prices-continue-slide-toward-2-per-gallon\/","title":{"rendered":"Gas Prices Continue Slide Toward $2 per Gallon"},"content":{"rendered":"
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Gas prices haven't dropped to what they were the last time this place pumped gas, but they're cruising toward $2 per gallon.<\/figcaption><\/figure>\n

Autumn officially begins today and gasoline prices continue to drop as the average price of fuel across the United States has dropped for 35 consecutive days for a total savings of 38 cents per gallon, according to the latest survey by AAA.<\/p>\n

The average price of $2.29 per gallon represents a weekly savings of four cents per gallon and a monthly savings of 33 cents per gallon. Motorists are saving $1.05 per gallon compared to one year ago, largely due to the relatively low price of crude oil and abundant petroleum supplies, AAA reported.<\/p>\n

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Be in the Know!<\/figcaption><\/figure>\n

This past summer was characterized by relatively high driving demand and refineries operated at higher capacities for longer periods of time. As a result, many are expecting the fall maintenance season to be heavier than usual. Barring any unexpected spikes in the price of crude, retail averages are not expected to climb this fall due to the market\u2019s current oversupply, according to AAA.<\/p>\n

AAA also said in addition to the seasonal switchover to less expensive winter-blend gasoline, the fall months are also a time when refineries go offline to conduct seasonal maintenance. This is intentionally scheduled during the months when demand for gasoline and heating oil is relatively low, and it is not uncommon for pump prices to decline during this time of year due to decreased driving demand and the cost savings associated with winter-blend gasoline.<\/p>\n

Meanwhile the savings for consumers are continuing to pile up.<\/p>\n

The majority of consumers nationwide continue to see falling prices at the pump. Alaska, California and Nevada are the market leaders and the only three states with averages above $3 per gallon. On the other end of the spectrum, a total of five states, South Carolina, Mississippi, Alabama, Tennessee and Louisiana, are posting averages below $2 per gallon.<\/p>\n

(Americans still want to park their own cars. For more, <\/em><\/strong>Click Here<\/a><\/span><\/strong>.)<\/em><\/strong><\/p>\n

Pump prices are down in 47 states and Washington, D.C. in comparison to one week ago, with the motorists in the majority of these states (34 and Washington, D.C.) saving at least a nickel per gallon. Drivers in six states are benefitting from double-digit savings in the price of retail gasoline, with the largest discounts over this period seen in Alaska, South Dakota and California where prices have dropped by 11 cents.<\/p>\n

The Midwestern states of Indiana where prices climbed by 10 cents, Michigan where prices jumped by 8 cents\u00a0 and Ohio where prices are up by 7 cents per gallon are the only three states outside of this trend, and prices have moved higher week-over-week.<\/p>\n

Prices in the Midwest have consistently been among the most volatile in the nation over the past several years, and while prices are up on the week, these same three states are among those posting the largest week-over-week declines.<\/p>\n

With the exception of Utah, retail averages are discounted by double-digit increments in every state and Washington, D.C. month-over-month.<\/p>\n

(<\/em><\/strong>Click Here<\/a><\/span><\/strong> for details about NHTSA Chief\u2019s plans for testing crackdown.)<\/em><\/strong><\/p>\n

The largest month-over-month savings at the pump are seen in states where averages continue to move lower following the resolution of localized refinery issues have cut the price gasoline in Illinois, Indiana, Michigan and Wisconsin by more than 50 cents per gallon. Consumers in 33 states are saving a quarter or more per gallon to refuel their vehicles.<\/p>\n

Year-over-year savings in the price of retail gasoline continue to widen nationwide, and motorists in 36 states and Washington, D.C. are saving at least a $1 per gallon. Consumers in Hawaii, where gasoline has dropped by $1.32 per gallon and Connecticut, where gasoline has dropped by $1.21 per gallon, are saving the most per gallon over this same period and 22 states are posting yearly savings of $1.10 or more per gallon.<\/p>\n

Nevada and California the only two contiguous states with averages above $3 per gallon, are also the only two states where drivers are not experiencing yearly savings of at least 75 cents or more at the pump.<\/p>\n

(To see more about the unveiling of the 2016 Nissan Altima, <\/em><\/strong>Click Here<\/a><\/span><\/strong>.)<\/em><\/strong><\/p>\n

Meanwhile, crude oil remains abundant even as the count of drilling rigs has dropped with the price of per barrel now hovering a $44.68 in trading in New York Mercantile Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

The average price of fuel across the United States has dropped for 35 consecutive days for a total savings of 38 cents per gallon. For more, go to TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":55137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[8],"tags":[],"make":[],"post-state":[],"category_old":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/99039"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=99039"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/99039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/55137"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=99039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=99039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=99039"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=99039"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=99039"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=99039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}