Tag: Average Gas Prices

Gas Prices Make a Pit Stop

WASHINGTON, D.C. — After suddenly spiking more than a dime two weeks ago, the national average for a gallon of gas had a calm week by remaining at $3.27.  News that the large BP-Whiting refinery in Indiana, offline since early February due to power issues, is reopening soon may have contributed to easing pump price […]

Read More

Gas Prices Aren’t Showing the Love

WASHINGTON, D.C. — After months of barely budging more than a few cents, the national average for pump prices moved into the fast lane, surging 12 cents since last week to $3.27.  A significant contributor is a shutdown at the large BP-Whiting refinery in Indiana, which has been offline for more than two weeks due […]

Read More

Roses Are Red, Violets Are Blue – Oil Costs Tick Up and Gas Prices Too

WASHINGTON, D.C. — Sticking to the slow lane since last week, the national average for a gallon of gas dipped slightly for a few days before rising a fraction of a cent higher to $3.15. However, seasonal demand trends, higher costs for oil, and routine refinery maintenance will likely push pump prices slowly higher soon. […]

Read More

Like A Reliable Old Stove, Gas Prices Slowly Heat Up

WASHINGTON, D.C. — The national average for a gallon of gas rose by a nickel since last week to $3.15. The upward trend is likely a combination of oil costs edging into the upper $70s per barrel and normal seasonal increases as winter eases and demand for gas creeps higher. “We are in that time […]

Read More

Gas Prices End Up Close to Where They Started

WASHINGTON, D.C. — After making a brief weekend trip to $3.07, the national average for gas edged higher by one penny since last week to $3.10. The meandering journey is likely caused by low gas demand countered by slightly higher costs for oil.  The result is a pump price stalemate. “Like watching dogs play chess, […]

Read More

Gas Prices Take it Slow 

WASHINGTON, D.C. — The national average for a gallon of gas squeaked out a two-cent gain since last week to $3.09. A likely culprit could be wintery weather, which hampers refining operations and gasoline distribution. This has resulted in some frigid regions seeing pump price jumps. “If June and July are when we typically see […]

Read More

Gas Prices Stay in the Slow Lane for Now

WASHINGTON, D.C. — The national average for a gallon of gas barely budged since last week, falling two cents to $3.07.  The primary reason appears to be rather humdrum numbers for the cost of oil and gasoline demand. “I wouldn’t bet the farm on the national average reaching $3 a gallon, even if we are […]

Read More

Like Holiday Decorations, Gas Prices Are Coming Down

WASHINGTON, D.C. — The national average for a gallon of gas dipped slightly by three cents since last week to $3.09.  One reason could be lower demand, as fewer people are fueling up after the peak of holiday road travel.  “January is a bit of blah time of year, and gas prices are in the […]

Read More

Bah Humbug – It May Be A Wrap for Falling Gas Prices

WASHINGTON, D.C. — The national average for a gallon of gas fell to a 2023 low of $3.06 on December 18, only to rebound six cents to $3.12. This marks the first weekly increase since September.  “Yukon Cornelius knows that Bumbles bounce, and evidently, so do gas prices,” said Andrew Gross, AAA spokesperson. “Daily gas […]

Read More

Gas Prices Sleighing It at the Pump

WASHINGTON, D.C. — The national average for a gallon of gas is within a penny of matching the 2022 low of $3.09 and will likely dip further in the coming days. For those keeping score at home, last year’s low came on December 23. Since last week, the national average has fallen by a dime […]

Read More

An Early Holiday Gift – Lower Gas Prices

WASHINGTON, D.C. — After a one-day dalliance with a rising price, the national average for a gallon of gas resumed its steady retreat, shedding four cents since last week to $3.20. The main reason is a weaker cost for oil, which is struggling to stay above $70 per barrel.  The falling price comes just a […]

Read More

Is It The End of The Road For Falling Gas Prices?

WASHINGTON, D.C. — Despite less than stellar domestic demand, the national average for a gallon of gas fell only two cents since last week. The primary culprit is the cost of oil, which is creeping closer to $80 a barrel. Since oil is the main ingredient in gasoline, higher oil costs tend to put upward […]

Read More

Time to Talk Turkey and Lower Gas Prices

WASHINGTON, D.C. — With Thanksgiving fast approaching (and maybe the in-laws), the national average for a gallon of gas is steadily declining.  Since last week, pump prices have fallen six cents to $3.34.  Since the price peak for 2023, the national average has either fallen or remained flat for 60 straight days. “Drivers this Thanksgiving […]

Read More

Gas Prices Start to Feel Low, and That’s a Good Thing

WASHINGTON, D.C. — The national average for a gallon of gas dropped four cents since last week to $3.40. However, the steady, if slow, decline may gain speed after recent drops in the price of oil.  Parked in the mid-$80s per barrel a week ago, oil is now hovering around the mid-$70s.  Since it is […]

Read More

Global Tensions Keep Falling Gas Prices From Gaining Momentum

WASHINGTON, D.C. — The national average for a gallon of gas dipped by only three cents since last week to $3.53. Despite slackening demand, the pace of falling gas prices is being held up by the cost of oil, which is hovering in the mid-$80s per barrel.   “The oil market is very sensitive to […]

Read More

As the Leaves Fall, So Do Gas Prices

WASHINGTON, D.C. (October 19, 2023)—Despite global tensions causing ripples through the oil market, the national average for a gallon of gas maintained its autumnal dip, falling eight cents since last week to $3.56. Pump prices have lost 32 cents since their 2023 peak of $3.88 a month ago. This means drivers are saving about $5 […]

Read More

Gas Prices Fall Despite Clouds of War

WASHINGTON, D.C. — Domestic pump prices maintained their daily decline despite the uncertainty rippling through the oil market in the days since Hamas terrorists attacked Israel. Oil prices have risen a few dollars per barrel this week, but that is far from the roughly $40 per barrel temporary spike following last year’s Russian invasion of […]

Read More

Despite the Autumn Colors, Drivers Find More Green in Their Wallets

WASHINGTON, D.C. — The decline in pump prices accelerated a bit since last week, with the national average falling seven cents to $3.76.  The primary culprits are slack demand and the falling cost of oil, which has shaved more than $10 and is hovering near $82 per barrel.       “Drivers are finally seeing some relief […]

Read More

Falling Like a Feather

WASHINGTON, D.C. — Despite tepid demand with fewer drivers visiting the pump, the national average for a gallon of gas only fell three cents since last week to reach $3.83. The slow descent is due to the high cost of oil, which is acting like a drogue chute on falling gas prices.       “Oil is […]

Read More

Did We Reach the Top Gas Price for 2023? Stay Tuned.

WASHINGTON, D.C. — The national average for a gallon of gas hit what may be 2023’s peak price of $3.88 earlier this week, only to slide a few cents in the following days.  Today’s average is $3.86 – a penny more than a week ago.      “The recent drop in the national average, while […]

Read More

Are We There Yet? Gas Prices May Slowly Dip as Fall Arrives

WASHINGTON, D.C. — The national average for a gallon of gas rose by a nickel since last week to hit $3.85. The primary culprit is the surge in oil costs, which have jumped several dollars to hover around $90 per barrel.     “Oil costs are putting upward pressure on pump prices, but the rise is […]

Read More

Gas Prices Slump Slightly as Summer’s End Approaches

WASHINGTON, D.C. — The national average for a gallon of gas dipped a bit following the long Labor Day weekend, falling two cents since last week to $3.80. The decrease comes despite a recent uptick in the price of oil, the primary ingredient in gasoline.    “Pump prices appear to be defying the odds at […]

Read More