AAA: Crude oil reaches six-week high
Prices at the pump surpassed the record annual average price established in 2011 ($3.51 gal) this week and have done so in record time.
In 2008, the year that saw the all-time high price for regular self-service gasoline ($4.11 gal) the $3.50 per gallon mark wasn’t topped until April 21. Last year, gasoline prices didn’t surpass $3.50 per gallon until March 8. This year, gasoline topped $3.50 per gallon on Saturday, Feb. 11. Read more
AAA: Demand down, crude oil prices down, but prices continue upward tick
The cost of gas continued to rise to unseasonably high levels this week, despite decreases in the price of crude oil.
Reports show extremely weak gasoline demand, however refineries are responding to this decrease in demand by cutting back on production, resulting in some upward movement in prices at the pump.
Gas prices climbed to the highest price in more than four months this week, reaching $3.50 Friday, up 3 cents in the past week, up 13 cents in the past month and up 38 cents since this time last year. Yet, gas prices remain 61 cents below the all-time record high of $4.11 set in July 2008. Read more
AAA: Gas prices holding steady
Gas prices for February have picked up right where they left off last month. In January, crude oil traded at record-high levels for the beginning of the year, translating to the highest gas prices ever for the month.
Gas prices averaged $3.37 per gallon nationally for the month of January, 27-cents higher per gallon than January 2011. The national average for regular grade gasoline climbed 8 this week to $3.47 per gallon Friday.
Prices are 18 cents above month ago prices and 35 cents above year ago prices, yet remain 64 cents below the all-time record high of $4.11 set three and a half years ago. Read more
AAA: Gas prices hold steady
Despite holding at historic highs for the month of January, gas prices have stabilized over the past few weeks, yet some wonder if this is just the calm before the storm for gas prices during the first half of the year.
The national average for regular grade gasoline inched up a penny this week to $3.39 per gallon Friday. Prices are 15 cents above month ago prices and 29 cents above year ago prices, yet remain 72 cents below the all-time record high of $4.11 set in July 2008. Read more
AAA: Gas prices stabilizing, still high
Three weeks into the new year gas prices stabilized somewhat, yet remain at historic highs for the month of January.
Despite U.S. demand for gasoline hovering at a multi-year low, high crude oil prices and reports of impending refinery shutdowns have fueled a 10-cent increase in the national gas price average since January 1. The national average for regular grade gasoline dropped a penny this week to $3.38 per gallon Friday. Prices are 17 cents above month ago prices and 26 cents above year ago prices, yet remain 73 cents below the all-time record high of $4.11 set three and a half years ago. Read more
AAA: Gas prices remain at historic highs for January
Gas prices remain at historic highs for early January, up by double-digits in many part of the country since the beginning of the year. Contributing to the increase was the repeal of the ethanol tax credit, causing gas prices to increase nearly 4.5 cents per gallon.
The national average for regular grade rose 4 cents this week (11 cents since January 1) to $3.39 per gallon Friday. Prices are 13 cents above month ago prices and 29 cents above year ago prices, yet remain 72 cents below the all-time record high of $4.11 set three and a half years ago. Read more
AAA: Gas prices highest ever to start a new year
Average U.S. gasoline prices began 2012 just under $3.28 gal, the highest number ever to mark the beginning of a year and the fifth straight weekly increase in price.
Last year’s $3.07 per gallon high is now relegated to second place. The U.S. average price for regular self-service gasoline was $3.51 in 2011, the highest annual number of all time, and more than twice the price average seen in the first four years of the century. The national average for regular grade rose 8 cents this week to $3.35 per gallon Friday. Prices are 6 cents below month ago prices and 27 cents above year ago prices, yet remain 76 cents below the all-time record high of $4.11 set in July 2008. Read more
