AAA: Gas prices continue slide
Gas prices continued to slide for the third straight week, dropping 14 cents since their $3.94 peak (on April 4) and falling 18 cents below year-ago prices.
The national average price for regular grade gasoline dropped 3 cents this week to $3.80 per gallon Friday. Prices are 13 cents lower than a month ago, yet remain within 31 cents of the all-time record high of $4.11 per gallon set in July 2008. One year ago this week, gas prices topped out at $3.99 per gallon on May 5, which would be the 2011 high price. Read more
AAA: Gas prices continue decline
Prices at the pump continued their surprising spring slide this week, dropping from a high of $3.94 per gallon on April 6 to below year ago prices for the first time since October 26, 2009 (a 910-day streak).
The national average price for regular grade gasoline dropped a nickel this week to $3.83 per gallon Friday. Prices are 8 cents lower than a month ago and 5 cents lower than year ago prices, yet remain within 28 cents of the all-time record high of $4.11 per gallon set nearly three years ago (July 2008). One year ago gas prices were on the rise and would top out at $3.99 per gallon on May 5. Read more
AAA: Cost of owning, operating a vehicle up 1.9 percent
AAA released the results of its annual ‘Your Driving Costs’ study today revealing a 1.9 percent rise in the yearly costs to own and operate a sedan in the U.S. The average costs rose 1.1 cents per mile to 59.6 cents per mile, or $8,946 per year, based upon 15,000 miles of annual driving.
“The average driving cost for 2012 is up due to relatively large increases in fuel and tire costs, and more moderate increases in other areas,” said John Nielsen, AAA director of Automotive Engineering and Repair. “Those increases were offset by a decrease in depreciation resulting in an overall increase of 1.9 percent.” Read more
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
