AAA: Gas prices continue welcome slide heading into Memorial Day
Gas prices continued to retreat for the sixth straight week, pulling back from an early-April peak of $3.94 nationally, just in time for the upcoming Memorial Day holiday weekend.
The national average price of regular grade gasoline fell to $3.71 a gallon on Friday, down 2 cents from last week, 19 cents lower than month-ago prices and 22 cents lower than year-ago prices. Prices at the pump remain 40 cents below the all-time record of $4.11 set in summer 2008.
Crude oil closed lower for 10 of the last 11 trading sessions through Wednesday, to settle at $92.81 per barrel, the commodity’s lowest settlement in more than six months (November 2, 2011). A strengthened U.S. dollar has been a factor in keeping pressure on oil. Read more
AAA: Gas prices down for a fifth consecutive week
Pain at the pump continued to ease this week as prices dropped for the fifth consecutive week, extending a sharp decline that has eased fears that prices would be headed into record territory just in time for the summer driving season.
The national average price for regular grade gasoline dropped 7 cents this week and 21 cents since its April peak to $3.73 per gallon Friday. Prices are 19 cents lower than a month ago, 23 cents below year ago prices and 38 cents lower than the all-time record high of $4.11 per gallon set in July 2008. Read more
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
