Cheapest Average Gas Prices for Late August since 2004
(WASHINGTON, August 24, 2015) Average U.S. gas prices today are at the lowest levels for this time of year since 2004 due to the steep decline in the cost of crude oil. Gas prices have dropped recently despite ongoing refinery problems, and prices should continue to fall this autumn due to declining demand and the switchover to winter-blend gasoline. Today’s national average price of gas is $2.59 per gallon, which is eight cents less than a week ago and 84 cents less than a year ago. Pump prices are now 21 cents per gallon below the 2015 peak price reached on June 15.
BP’s largest crude distillation unit at its Whiting, Indiana refinery remains out of commission, due to a malfunction reported on August 8 that triggered dramatically higher prices in the Great Lakes region. Repairs to the unit are reported to be ongoing, and the company has yet to release a date they expect the unit to return to production. However, BP has purchased additional fuel supply and met all of its contractual requirements to date. Although regional supply is still uncertain due to the outage, prices in the region have moved lower over the past week as speculation has built that supply issues might not be as dire as first worried.
Back-to-school season is the ideal time to review your ABCs; the ABCs of car care, that is. The Car Care Council recommends that motorists brush up on their auto care knowledge to make sure their vehicle is operating at its most efficient level before the school year carpool crunch and the onset of fall and winter weather.
Educators applaud the program’s influence in reducing injuries and fatalities among school children age 5 to 14
In recognition of National Preparedness Month in September, the non-profit Car Care Council reminds motorists of the importance of the three Ps of auto care to make sure their vehicle is ready for the unexpected.
(WASHINGTON, August 31, 2105)- Pump prices continue to drop and most drivers should pay the lowest gas prices for Labor Day weekend since 2004. The national average price for regular unleaded gasoline has fallen for 14 consecutive days for a total of 20 cents per gallon. Today’s average price of $2.47 per gallon marks a savings of 12 cents per gallon compared to one week ago and 18 cents per gallon versus one month ago. Drivers nationwide continue to benefit from the relatively low price of crude oil with today’s average about 96 cents per gallon less than a year ago.
