AAA: Gas prices nearing six-year low

AAA LogoThe national average gas price dropped below the 2015 low price of $2.03 (Jan. 26) and should soon fall below the $2 per gallon mark for the first time since 2009.

Pump prices have fallen for steadily and today’s average price of $2.02 represents a savings of 2 cents per gallon on the week and 17 cents on the month. Significant yearly savings persist, and gas prices are discounted by 56 cents per gallon compared to this same date last year.

At the close of Friday’s formal trading on the NYMEX, WTI was down $4.35 to settled at $35.62 per barrel.  This is the second Friday in a row that oil closed the week below $40 per barrel.  Crude oil prices have not seen consistent sub-$40 per barrel levels since February and March 2009, when the economy was dealing with the worst recession since the Great Depression and deep demand concerns.  Currently, the low price environment is driven by a glut of crude oil.

“The national average for a gallon of gas is 2 pennies away from the $2 mark which will help make holiday travel less expensive this year,” said Martha Meade, Manager of Public and Government Affairs for AAA Mid-Atlantic.  “The drop in gas prices has been driven by increased gasoline production and an excess of crude oil, as prices for the commodity have dropped below the $40 per barrel mark, prices not seen since the Great Recession in 2009.”

The year-end holidays are less than two weeks away.  Those planning to travel by car to visit family and friends for the holidays will likely enjoy the lowest gas prices of the year, a welcome holiday gift for motorists.

         
 

UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Feedback from buyers: “Got the Book in the Mail Saturday, and could not put it down! Great read and great photography as well! Love all of the books I’ve received, but hands down, this is my favorite!” – Russell

Buy here.


augusta free press news
augusta free press news
augusta free press news


Comments