Posts Tagged ‘AAA gas prices’

Gas Prices Remain Flat Despite Drop in Oil Costs

Global decline in crude doesn’t translate to drop at pumps.

by on Mar.24, 2015

Gas prices have remained flat recently despite another drop in crude prices.

Even as the demand for gasoline rises as the weather improves and the economy gets stronger, gasoline prices have remained flat for the past week even as the price of crude oil began to decline on markets all over the world.

The price of West Texas Intermediate crude oil reached a six-year low this past week, AAA noted, maintaining the downward pressure on the national price of gasoline, which has settled at $2.42.4 per gallon.

Filling Up on Gas News!

This downward pressure has, at least temporarily, offset potential price gains from the robust demand, regional refinery maintenance and the seasonal transition to more expensive summer-blend gasoline. Consumers are paying fractions of a penny less than one week ago, 14 cents more than one month ago and continue to save more than $1.10 in comparison to this same date last year. The national average has now fallen for 13 of the past 16 days. (more…)

US Gas Prices Take Big Dive Last Month

Drop comes despite unrest in Middle East.

by on Jul.29, 2014

Not that drivers of the Jetta Hybrid were getting gas often, but now they're paying even less as prices at the pump have dropped.

Despite the tension in the Middle East, gasoline prices have dropped more than 16 cents per gallon in the past month, according to records compiled by AAA.

Gasoline prices vary by region but overall the average price for regular gasoline dropped more than 9 cents per gallon in the two weeks ended July 25 to $3.5795 a gallon, according to Lundberg Survey Inc., which surveys about 1,200 gasoline stations around the country.

Fueling Up on News for Less!

A recent U.S. Energy Information Association report indicated the average price of crude oil dropped by $1.04 per barrel and estimated average price of regular gasoline fell by 6 cents per gallon across the United States in the past week and is now 10.7 cents per gallon cheaper from a year ago before the turmoil began.

(more…)

Prices at the Pump Creeping Higher Due to Iraqi Unrest

Gas prices expected to remain higher than normal this summer.

by on Jun.23, 2014

Gas prices aren't going to drop to levels when you got it out of this pump, in fact, they are expected to buck the trend of dropping during the summer.

Gasoline prices across the nation have remained relatively stable as the turmoil in Iraq continues to shake global petroleum markets, but the chances for a gradual decline in prices at the pump are receding, observers suggest.

GasBuddy.com estimated gasoline prices increased by three cents last week to an average of $3.683. However, the price of low-sulfur diesel oil has risen by roughly 10 cents during the past two weeks, reaching nearly $3 per gallon in the wholesale markets around New York Harbor.

Your Guiding Light!

Prices have not followed the established seasonal trajectory of dropping in the weeks after the Memorial Day holiday. Gasoline prices will typically peak in spring and retreat in June, and that’s not happening this year. In fact, the $3.67 average national price for a gallon of regular gasoline on June 18 was the highest it has been on that day since 2008 and is close to this year’s peak of $3.70, which occurred on April 28. (more…)