Mexican Media Brands
U.S. Fuel Price Average Drops to $1.70 Per Gallon
The average price of a gallon of gasoline in the U.S. are ending the workweek at $1.70, down from $1.77 a week ago, according to the AAA Daily Fuel Gauge Report.
#economics
Share
The average price of a gallon of gasoline in the U.S. are ending the workweek at $1.70, down from $1.77 a week ago, according to the AAA Daily Fuel Gauge Report.
Per-gallon price averages by state currently range from $1.36 (Oklahoma) to $2.62 Hawaii). The national average was at $1.97 a month ago and $2.21 one year ago. It’s now been below $2 per gallon for more than three weeks.
AAA notes that fuel prices usually begin to rise in late February as spring approaches and miles driven increases. But with supplies of domestic crude at an eight-decade high, AAA says prices are likely to remain low for weeks to come.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data