Mexican Media Brands
U.S. Gasoline Prices Rise to 6-Month High
Average gasoline prices in the U.S. are at $2.22 per gallon, up 16 cents from a month ago, according to the AAA Daily Fuel Gauge Report.
#economics
Share
Average gasoline prices in the U.S. are at $2.22 per gallon, up 16 cents from a month ago, according to the AAA Daily Fuel Gauge Report.
The national average has been above $2 per gallon for 40 consecutive days. But it’s still 39 cents below the price at this time last year. U.S. fuel prices typically rise in spring as refiners switch to more costly summer blends, then begin a slow decline in August or September.
AAA says April’s average of $2.10 is the lowest for the month since 2009. The month’s most expensive states were California ($2.80 per gallon) and Hawaii ($2.58). The lowest average prices for April were for Oklahoma ($1.96) and Texas ($1.98).
Gasoline prices are 52 cents per gallon higher than this year’s low of $1.70 in mid-February. AAA notes that costs are rising in part because fuel demand is up nearly 6% compared with a year ago.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
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.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.