Posts Tagged ‘summer driving’

Reason to Celebrate: July 4 Gas Prices Plunge

Prices at pump are lowest since February.

by on Jun.28, 2017

Holiday drivers have reason to celebrate this Independence Day: the lowest average gas prices since February.

Despite a surge in demand for gasoline as the summer driving season picks up momentum, the national average price for gasoline is nearing an all-time low for the year at $2.26 per gallon, according to AAA.

AAA reported that the last time the national average was this low was February. In addition, the website Gas Buddy estimated that this is the first time in 17 years that the price of gasoline on July 4th is likely to be less than the price on Jan. 1 of the same year.

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Right now, AAA forecasts 37.5 million American will drive to their holiday destination, which may boost gas prices slightly. (more…)

Summer Blend Makes Gas Prices Rise

Refineries shifting to special seasonal mix.

by on Apr.05, 2016

Gas prices are on the rise as producers move to the summer blend of fuel.

With the summer driving season fast approaching, the price of gasoline continues to climb, pushing the average price beyond $2 per gallon, according to a new report by AAA.

Despite increasing for 36 of the past 41 days, the national average is at its lowest price point for this same date since 2009, according to AAA.

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“The average price of $2.06 per gallon represents an increase of two cents on the week and 24 cents on the month. Pump prices continue to reflect year-over-year discounts, and drivers are saving 34 cents per gallon versus this same date last year,” the organization noted. (more…)

Summer Time Means Driving Time

Low gas prices + tech friendly cars = road trip.

by on Jun.26, 2015

Summer's here and its time for Americans to get in the car for vacations and weekend road trips.

The U.S. is a nation of drivers and summer is when we like to hit the road the most. In fact, 71% of people in a recent survey plan to take at least one road trip this season.

A recent Harris Poll shows that seven in 10 Americans will be hopping behind the wheel with family or friends for some warm weather fun. More immediately, AAA projects 41.9 million Americans will journey 50 miles or more from home this Independence Day, the most since 2007 and a 0.7% increase from the 41.6 million people who traveled last year.

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Rising income, driven by a strong employment market, is prompting more Americans to take a holiday trip this year. Despite recent seasonal increases, gas prices remain well below year-ago levels, which has helped boost Americans’ disposable income. Nearly 85% of travelers will drive to their holiday destinations, which an increase of 0.7%. (more…)

Summer Travel Likely to Rise as Gas Prices Fall

Pump price expected to drop as oil stabilizes.

by on Jun.05, 2015

Gas prices are their high-water mark for 2015, but are expected to fall as crude oil prices stabilize.

The national average price of gasoline is $2.75 per gallon, which is the highest average of the year, according to the latest survey by AAA.

However, there is a good chance that average U.S. gas prices will drop soon due to stabilizing crude oil costs and as refineries complete seasonal maintenance, which would result in the cheapest summertime gas prices since 2009, the company suggested.

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At the same time, the average fuel economy of new vehicles sold in the U.S. continues to improve, according to a new survey from the University of Michigan. (more…)

Motorists Watch Fuel Costs Steadily Climb Upwards

Rising crude prices, refinery issues behind increases.

by on May.05, 2015

Gas prices have risen consistently for nearly three weeks in a row, according to AAA.

No, it’s not your imagination: prices at the pump have been on the rise for a while now. The average price of gasoline has moved higher for 19 consecutive days, adding some 23 cents per gallon due to higher crude oil costs and a number of refinery issues, according to AAA.

AAA pegged the average price across the country at  $2.62 per gallon, which represents the most expensive average price of the year. Motorists are paying eight cents more per gallon than one week ago and 22 cents more than one month ago to refuel their vehicles.

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Although the national average is currently moving higher, relatively lower crude prices continue to provide consumers with significant year-over-year-savings and today’s price is $1.06 per gallon less than a year ago, AAA said. (more…)

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