AAA: Gas prices beginning to stabilize
Prices at the pump continued to stabilize, even retreat in some areas of the country, this week, leading many to wonder if 2012 gas prices have peaked weeks shy of when 2011 prices peaked.
The national average price for regular grade gasoline dropped 2 cents this week to $3.88 per gallon Friday, marking the third straight day of sub-$3.90 per gallon prices, a price point not seen since March 27. Prices remain 2 cents higher than a month ago and 4 cents higher than year ago prices, and within 23 cents of the all-time record high of $4.11 per gallon set in July 2008. Read more
AAA: Have gas prices peaked?
Motorists and analysts alike are wondering if gas prices have peaked for the year, falling short of record highs and bringing much needed relief at the pumps.
After surging 20 percent (or 66 cents) since the beginning of the year and topping out at $3.94 on April 6, gas prices in April have been down more days than they’ve been up in April. The national average price for regular grade gasoline dropped 4 cents this week to $3.90 per gallon Friday. Prices remain 9 cents higher than month ago and year ago prices, and within 21 cents of the all-time record high of $4.11 per gallon set in July 2008. Read more
AAA; National average for unleaded headed toward $4 mark
Prices at the pump continued their relentless upward movement this week, despite a slight retreat in the oil markets. The national average price for regular grade gasoline jumped a penny this week to $3.94 per gallon Friday and remains 18 cents higher than month ago prices, 21 cents higher than a year ago and within 17 cents of the all-time record high of $4.11 per gallon set in July 2008. Gas prices are within 4 cents of last year’s high of $3.98 reached on May 4. Read more
Chris Graham: No more cheap gas?
Drill all you want. The days of $2-a-gallon gas – hell, $3-a-gallon gas – are over.
That’s just reality. Peak oil or no peak oil, we’re finding new sources of oil, which is good news, except that, bad news, it’s a lot harder (and thus more expensive) to tap these new finds like the ones off the coast of Brazil and in the plains of North Dakota. The reason oil companies are willing to develop these harder-to-extract sources is clear – it’s called moolah, and gobs of it. Read more
AAA: Gas prices near record highs
Gas prices continued their steady climb this week, coming within a nickel of last year’s high of $3.98 per gallon (reached in early May).
The national average price for regular grade gasoline rose 4 cents this week to $3.93 per gallon Friday. Prices remain 20 cents higher than month ago prices, 31 cents higher than a year ago and within 18 cents of the all-time record high of $4.11 per gallon set in July 2008. Read more
Obama talks gas prices with AAA
With prices climbing more than 60 cents a gallon since Jan. 1, President Barack Obama discussed energy and rising gas prices—a top-of-mind issue for motorists across the country including AAA’s more than 53 million members—in a meeting with AAA on Thursday.
Following his speech on energy issues in Cushing, Okla., the President spoke to a representative of the nation’s largest auto club that serves one-in-four American households. As an advocate of motorists nationwide, AAA asked the President questions likely to be foremost in the minds of drivers feeling the pain at the pump. Read more
AAA: Gas prices continue climb
Just days ahead of the official start of spring gas prices are at the highest point ever for this time of year and continue to climb toward the $4.00 per gallon mark this week, a trend expected to continue into the spring.
The national average price for regular grade gasoline stabilized somewhat this week, reaching $3.83 per gallon Friday, up 7 cents in the last week. Prices remain 31 cents higher than month ago prices, 28 cents higher than a year ago and within 28 cents of the all-time record high of $4.11 per gallon set in July 2008. Analysts continue to believe mid-March through mid-May will be a critical time for gas prices, which are expected to peak upwards of $4.00 per gallon (potentially as high as $4.25 per gallon nationally) before retreating. Read more
