Mexican Media Brands
Fuel Prices Fell to 7-Month Low in September
Average gasoline prices in the U.S. dropped to $2.34 per gallon in September, their lowest since February, according to the AAA Daily Fuel Gauge Report.
#economics
Share
Average gasoline prices in the U.S. dropped to $2.34 per gallon in September, their lowest since February, according to the AAA Daily Fuel Gauge Report.
The average in August was $2.46. Prices a year ago today were at $3.33 per gallon. AAA predicts the national average will flirt with a six-year low of $2 before the end of 2015.
The low fuel prices reflect continued high output of petroleum, which has slashed oil prices about 50%, and weaker import demand by China. Service stations in the northern half of the U.S. also have switched to less expensive winter blends made feasible by lower ambient temperatures.
AAA notes Americans drove a record 1.82 trillion miles in January-July, surpassing the previous record of 1.77 trillion miles set in the first seven months of 2007.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.