Gas Price Slide Stalls Near Seven-Year Low

(WASHINGTON, February 22, 2016) The national average for regular unleaded gasoline continues to hover at levels not seen since the Great Recession, largely due to abundant supplies and low crude oil costs. Today’s average price of $1.71 per gallon is the lowest price for this date since 2004, and pump prices have fallen for 41 of the past 47 days for a total savings of 29 cents per gallon. Consumers are paying one cent more per gallon to refuel their vehicles on the week, though average prices are down by 13 cents per gallon on the month and 58 cents per gallon on the year.


WASHINGTON, D.C. (Feb. 25, 2016) – About 87 percent of drivers engaged in at least one risky behavior while behind the wheel within the past month, according to latest research by the AAA Foundation for Traffic Safety. These unsafe behaviors include driving while distracted, impaired, drowsy, speeding, running red lights or not wearing a seat belt. These disturbing results come as nearly 33,000 Americans died in car crashes in 2014, and preliminary estimates project a nine percent increase in deaths for 2015.
(Washington, January 25, 2016) Gas prices have spent 25 consecutive days below $2 per gallon and could head lower still as reduced seasonal demand and falling crude oil costs combine to send pump prices to the lowest mark in six years. Today’s average price of $1.83 per gallon is the cheapest price since January 2009, and retail averages have fallen for 69 of the past 80 days for a total savings of 40 cents per gallon over this span. Crude oil supply continues to outpace demand, which has helped push gas prices down by seven cents on the week, 18 cents on the month and 21 cents on the year.
(Washington, February 1, 2016) Drivers are saving more than $1 per gallon ($1.01) from the 2015 peak price reached this past June, and the national average has spent 32 consecutive days below the $2 per gallon benchmark. Today’s average price of $1.80 per gallon is the lowest price for gasoline since January 2009. Gas prices have fallen for 24 of the past 26 days, and the combination of seasonal reductions in gasoline demand and the relatively lower price for crude oil are likely to help keep prices low in the near term. Retail averages are discounted by three cents per gallon on the week, 20 cents per gallon on the month and 26 cents per gallon on the year.
