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
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
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
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.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.