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Going Against Usual Trends, Demand Drives Gas Prices Down Even Lower

U.S. gasoline demand hit its highest level at 9.93 million b/d, for the week ending June 14. It is the highest level ever recorded since the Energy Information Administration (EIA) began publishing data in 1991. Counterintuitively, as motorists drive demand to new heights, pump prices pushed even cheaper across the country on the week. This is due to the recent trend in cheaper crude pricing and because crude comprises roughly 60% of the costs people pay at the pump, drivers are seeing summer savings. When compared to this time last year, domestic crude prices are cheaper by approximately $12 per barrel. Today’s national average is $2.66, which is two cents less than last week and 18 cents less than a month and year ago.

“Filling-up at the pump this summer could mean savings as much as a quarter a gallon,” said Jeanette Casselano, AAA spokesperson. “Cheaper prices could entice motorists to travel more and even take some last minute road trips.”

At the end of last week, a massive fire took Philadelphia Energy Solution’s (PES) Philadelphia, the largest on the East Coast, offline, causing concern of what this could do to gas prices this summer. The incident will likely lead to reduced gasoline production at the refinery. However, gasoline from Canada, neighboring refineries, and the Colonial Pipeline are likely solutions to help backfill supply, meet demand and relieve any tightness in gasoline supplies as a result of reduced gasoline production at PES’ refinery and keep gas prices cheap throughout summer.

Quick Stats

The nation’s top 10 largest monthly decreases are: Indiana (-30 cents), California (-26 cents), South Carolina (-24 cents), Michigan (-23 cents), Oklahoma (-21 cents), Arizona (-21 cents), Mississippi (-21 cents), Maryland(-21 cents), Nebraska (-21 cents) and Delaware (-20 cents).

The nation’s top 10 most expensive markets are: Mississippi ($2.24), South Carolina ($2.24), Alabama ($2.26), Louisiana ($2.26), Arkansas ($2.31), Oklahoma ($2.34), Tennessee ($2.35), Texas ($2.35), Missouri ($2.37) and Virginia ($2.40).

Porsche Financial Services Introduces Porsche Auto Insurance

ATLANTA, June 20, 2019 - A new breed of insurance is available to Porsche drivers. Porsche Auto Insurance delivers tailored insurance rates matched with exceptional customer service – all without compromising privacy.

The innovative solution meets the unique needs of Porsche drivers by limiting costs to actual miles driven, plus a low base rate. In addition to tailored rates, customers can expect an added layer of privacy: simply take a photo of your odometer to submit your mileage instead of using invasive tracking devices or always-on smartphone apps.

Porsche Auto Insurance customers will also receive exceptional service and have access to an exclusive collection of benefits that complement their Porsche vehicle. Pay-per-mile rates, non-invasive data collection, Porsche Genuine Parts, claims concierge, and agreed value coverage are just a few benefits you've always wanted and can now obtain.

Porsche Auto Insurance is offered in partnership between Porsche Financial Services, Inc. (PFS) and Mile Auto, Inc. (Mile Auto).

"Innovation has been at the core of Porsche's success story for the last 70 years," said Ross Dupper, President and CEO of Porsche Financial Services, the dedicated provider of leasing and financing products for Porsche in the United States. "The launch of Porsche Auto Insurance marks another innovation adding to the success of the next 70 years."

"Porsche customers deserve an insurance product that fits their lifestyle and their Porsche. Mile Auto is excited to partner with PFS in delivering a product worthy of the Porsche Crest," said Fred Blumer, CEO of Mile Auto, the pay-per-mile insurance provider of Porsche Auto Insurance.

Americans Don’t Think They’ll Get Arrested for Driving High

New AAA Foundation research shows an estimated 14.8 million Americans report driving within one hour after using marijuana in the past 30 days

WASHINGTON, D.C. (June 19, 2019) – Nearly 70% of Americans think it’s unlikely a driver will get caught by police for driving while high on marijuana, according to a new AAA Foundation for Traffic Safety survey. An alarming finding shows that an estimated 14.8 million drivers report getting behind the wheel within one hour after using marijuana in the past 30 days. The impairing effects of marijuana are usually experienced within the first one to four hours after using the drug.1 And marijuana users who drive high are up to twice as likely to be involved in a crash.2

“Marijuana can significantly alter reaction times and impair a driver’s judgment. Yet, many drivers don’t consider marijuana-impaired driving as risky as other behaviors like driving drunk or talking on the phone while driving,” said Dr. David Yang, Executive Director of the AAA Foundation for Traffic Safety. “It is important for everyone to understand that driving after recently using marijuana can put themselves and others at risk.”

In the AAA Foundation survey, 7% of Americans reported they approved of driving after recently using marijuana – more than other dangerous behaviors like alcohol-impaired driving (1.6%), drowsy driving (1.7%), and prescription drug-impaired driving (3%). Other survey findings show that:

It’s Nearly Summer, But Pump Prices Are Dropping Fast

The national average dropped six cents on the week, following a consistent downward trend since Memorial Day. The decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand. However, the latest Energy Information Administration (EIA) report reveals that total domestic gasoline inventories jumped a million bbl last week, helping to push pump prices lower. According to OPIS, strong production output and increased imports have helped gasoline storage levels grow consistently over the past four weeks.

“Growing gasoline inventories are contributing to relief at the pump as we head into summer,” said Jeanette Casselano, AAA Spokesperson. “Current U.S. inventories sit at nearly 235 million bbl, which is helping to feed growing demand.”

According to the latest EIA report, gasoline demand reached 9.877 million b/d last week – the 6th highest weekly count on record. Current demand levels are on par with volumes seen this same time last year (9.879 million b/d). Today’s national average is $2.68, which is six cents cheaper than last week, 17 cents less than last month and 20 cents less than the same time last year.

Quick Stats

The nation’s top 10 largest monthly decreases are: Ohio (-29 cents), Michigan (-28 cents), Indiana (-26 cents), California (-23 cents), Mississippi (-21 cents), Kentucky (-21 cents), Illinois (-21 cents), Tennessee (-19 cents), North Carolina (-19 cents) and Oklahoma (-19 cents).

The nation’s top 10 most expensive markets are: California ($3.81), Hawaii ($3.64), Washington ($3.41), Nevada ($3.41), Alaska ($3.38), Oregon ($3.28), Idaho ($3.10), Utah ($3.09), Arizona ($2.97) and New York ($2.86).

West Coast

Motorists in the West Coast region are paying the highest pump prices in the nation, with all seven states landing on the top 10 most expensive list today. California ($3.81) and Hawaii ($3.64) are the most expensive markets. Washington ($3.41), Nevada ($3.41), Alaska ($3.38), Oregon ($3.28) and Arizona ($2.97) follow. Pump prices in the region have mostly decreased on the week, with Arizona (-6 cents) seeing the largest drop.

The EIA’s recent report for the week ending on June 7 showed that West Coast gasoline stocks increased slightly by 90,000 bbl from the previous week and sit at 30.8 million bbl. The current level is 700,000 bbl less than last year’s level at this time, which could cause prices to spike if there is a supply disruption or gas demand surges in the region this week.

Why You Should Not Ignore Squeaky Brakes | Virginia Auto Service

Most of us are familiar with the sounds associated with starting and running a car. A car that is in perfect condition runs smoothly and silently.

The very first indications that something might be wrong is when you hear unnatural sounds either when you start the engine or when you are driving your car. One kind of sound which is a clear indication that all is not well with your car is the sound of your car brakes squeaking.

Any noise which is not naturally associated with the running of a vehicle can get very annoying and be a serious warning sign. However, the real danger comes from the potential risks it can pose if the source of the sound is not checked and corrected. Brakes that squeak is something that you need to take very seriously. This is not an issue that you should ignore.

It is not an issue that will just go away by itself.

What Causes Squeaky Brakes?

While it is crucial to note that all brakes will squeak at some point due to natural wear and tear or if they heat up or are under duress, these types of instances are episodic. The number one reason, however, for squeaky brakes are worn out brake pads.

But as mentioned earlier, if the squeaking continues even after the engine has warmed up, if the squeaking becomes consistent, or if the squeaking sounds are replaced by a loud grinding noise, then it is time to visit a mechanic. The grinding noise could be due to extensive wear and tear of the brake pads.

You want to stop driving your car and get your car to a mechanic well before there is any grinding noise. When you hear your brakes squeak repeatedly you need to have your brake pads checked and replaced.

The Effect of Ride-Sharing on the Auto Industry

Ride-share technology, facilitated by universal smartphone penetration, has decimated the taxi industry; meanwhile, coincidentally, carmakers have enjoyed record sales. In this article, we consider some possible longer-term ramifications of ride-sharing for the broader auto industry. Rather than declining sales volumes, as many pessimists have predicted, the biggest threat seems instead to be increased vehicle homogenization. This holds the potential to radically affect the profitability of new vehicle manufacturing and the viability of the used car industry in general.

Many in the auto industry are concerned about the impact of ride-sharing. Opinions related to the issue typically fall into one of two camps. First, there are the “technology optimists” who imagine ride-sharing companies with fleets of self-driving cars dominating the highways next year. Others point to various regulatory and technological issues that are likely to slow progress toward this brave new world.

The objective of this article is to analyze the impact of ride-share services like Uber and Lyft on the private transportation market. For dealers, financiers, and manufacturers, the volume of car sales is a critical determinant of financial success. Assuming a constant mark-up in either the new or used car market, industry profits will be dictated by the number and dollar volume of retail sales ultimately made to consumers or ride-sharing companies and contractors. Forces that erode industry pricing power are also a critical concern. We will explore both issues.

Since ride-sharing has only existed for a short time, it is probably too early to empirically identify any structural break that may have occurred as a result of the new technology. For this reason, we will adopt a more theoretical approach, and a simplified economic model will be sketched out. We will then relax some of the assumptions in our framework and consider the effect on volume and pricing.

For simplicity, assume there is only a primary (new vehicle) market for cars. In other words, vehicles are purchased new and then “driven into the ground” by their homogeneous owners. Assume further that the number of private journeys undertaken by society is fixed and that taking one journey in a homogeneous private vehicle causes one unit of physical depreciation. Assume all cars are driverless.

If a consumer simply chooses to substitute a journey taken in his or her own car for one taken in a ride-share, the total amount of vehicle depreciation suffered by society will be unaffected.

Now, let’s say that one ride-share vehicle replaces 10 cars that were previously privately owned and spent 90% of their potential driving time garaged. Under our assumptions, the total number of depreciation units is unchanged, but the units are now concentrated in one-tenth as many vehicles as observed under the status quo. If the vehicles in question have a fixed lifetime, consistent with the assumption of vehicle homogeneity, the ride-share cars will depreciate to scrap value 10 times faster than equivalent privately owned vehicles.

5 Ways to Avoid Collisions This Summer

Summer is by far the busiest period of the year on the roads and more accidents occur during the summer than in any other time of year. Let’s all try to be safer this season and follow this guideline of five ways to avoid collisions this summer.

This time of year is when students are out of school, families leave on vacation and young people go on road trips; there are holidays, parties, weddings and weekend getaways. Almost 30% more car accidents happen in June, July and August and, from Memorial Day to Labor Day, there is a spike in fatal car collisions involving teenagers. In Pennsylvania, June is often the month with the highest number of deadly collisions.

Summer heat means cars are more likely to have mechanical problems, overheated engines and tire blowouts. You are also more likely to encounter road construction and maintenance work during this season.


During the summer cars are subjected to additional stress because of the heat. You can decrease the risk of a breakdown or a collision by getting your vehicle tuned up now.
Summer sun ruins the rubber on windshield wipers; if they’re already in bad condition, have them replaced. Dusty road conditions can choke up engines and decrease engine efficiency and cause damage so we also recommend getting the filters checked. You should also get the oil changed and fluids refilled.

Because high temperatures increase the occurrence of tire blow outs, this is a good time to have your tires rotated and check the tire pressure and treads. Try the penny test to see if your treads are worn down or unsafe. If your tires are bald, don’t wait until the winter to change them as hydroplaning in a summer storm is just as dangerous as driving on snow and ice.

Brakes and brake pads are imperative; they should be inspected regularly, not just in the summer. You’ll also want to generally look over the car and make sure headlights, turn signals, brake lights and any trailer equipment for towing a camper or boat are all working properly.

If your vehicle hasn’t been serviced recently, or you don’t know its service history, schedule a maintenance check with your mechanic as soon as possible.


With more drivers on the road, summertime can be more dangerous than it seems. Limiting distractions becomes even more important in order to prevent accidents. By focusing on the road, you can predict hazardous situations and give yourself time to safely avoid them.

Make any phone calls, send texts and program your navigation app before starting the car. Be aware that eating, adjusting the air conditioning and arguing with passengers can all be sources of distraction. It’s always better to pull over rather than trying to do other things while driving.

For many car owners, insurance can seem like a tricky thing. It’s not always clear what type of insurance you need, what your policy covers or how to get damage from accidents repaired. Comprehensive and collision are two kinds of auto insurance that protect drivers in different ways.

The Difference Between Comprehensive and Collision Auto Insurance

Comprehensive and collision insurance do have a few things in common.

Both types are optional. State laws don’t currently require either comprehensive or collision coverage.

They can be purchased separately or together.

Coverage usually applies to the vehicle, not the driver, with the exception of rental cars.

The maximum amount of damage covered is the actual cash value (ACV) of the car once the deductible has been subtracted.

Most policies will require a deductible.

Most people want to know how comprehensive and collision insurance differ, however. To decide which kind of auto insurance is right for you, carefully review the options available. Be sure to also review the common myths and facts about insurance coverage.


Arizona requires drivers to have car insurance that meets or exceeds the following minimum coverage levels:

10 Steps to Follow After A Collision

When you get into a car accident, it’s easy to sink into panic – especially if you’ve never been in an accident before. With your adrenaline and nerves at a high, you may not be able to think straight. After you realize you’re okay, you will find yourself reaching for your phone, and when you do, we hope that these guidelines can be of some help to you. Here are our 10 suggested steps to take after an auto accident:


If you can, keep your vehicle exactly as it is at the accident scene. If you are in the way of traffic, and it’s best to move your vehicle out of the way, be sure to take photos before doing so.

In most states it is required by law that before you can leave the scene of an accident, if anyone is injured, or there is any significant property damage, the local authorities must be notified. It’s a mistake to just exchange names and phone numbers with the other driver and leave the scene.

If you’re involved in a car accident, you should take photos of the following:

Having your vehicle painted is an undertaking that can bring a lot of satisfaction. Not only will your car look like new, its exterior durability can be significantly enhanced. Choosing to have your vehicle repainted also requires an investment of money and time.

Before bringing your vehicle to a paint or auto body shop, take some time to get the facts. Understanding what the painting process entails makes it easier to choose whether or not to have your vehicle repainted. Armed with the facts, you can make a more informed decision.

5 Facts to Consider Before Getting Your Car PaintedPainting a Vehicle Takes Time.

New Paint Won’t Fix Everything.

Car Painting Prices May Vary.

Painting Adds Value.

Painting Requires Removing the Car’s Interior.

Some vehicle paint shops boast a turn-around time of three days or less, but in general, you should expect your car to be in the shop for at least a week. Why does it take so much time for the car to be repainted? New paint cannot be applied directly to old paint. The fading, oxidation, and irregular surface of a vehicle’s existing paint does not allow for the smooth application of a new coat. Removal of the existing layers of paint and other prep work must be completed before new paint can be applied. If a car requires extensive prep work, it will also raise the total price for the paint job.

It’s important to have realistic expectations with repainting or paint repair. “Sometimes new paint has the opposite effect,” says Brandon Badell, owner. “If you want to paint over damage without fixing it properly, a fresh coat of shiny paint can actually highlight problem areas.”

For the best results, the auto body shop should first remove the old paint on the car and fix any damage that is present. Damage can include:

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