A spill of gasoline from the Colonial Pipeline in Alabama could mean higher gas prices and even shortages on the East Coast, since the line brings fuel north from refineries in Houston all the way up to New York Harbor. The governors of Alabama and Georgia have declared states of emergency as the pipeline’s repair was delayed, and it may not be back online until next week. [More]
Last year, we noted that low gas prices seem to be giving American car-buyers memory loss, as consumer preferences steered over to SUVs and trucks rather than the hybrid and compact cars that were popular a few years ago when gas prices topped $4 per gallon. Now it’s causing actual problems for Toyota, maker of what were the most popular hybrids… eight years ago. [More]
Gas prices have finally fallen below $2 per gallon where I live, but that’s still a fortune compared to what some motorists in Ohio encountered over the weekend. A computer glitch of some sort made the price at a Pilot Travel Center plummet as low as a few pennies, which attracted opportunistic shoppers. Then the Circle K across the street decided to keep up with their competitors by lowering their prices, too. [More]
It might sound unbelievable, after years of high gas prices, but it finally happened again: gas fell below $1 per gallon… in one part of the country, at a few stations, for one weekend. [More]
The roads are going to be crowded this Thanksgiving, with 42 million drivers expected to travel the highways and byways of the U.S. According to AAA, they’ll be enjoying the lowest prices at the gas pump for the holiday since 2008.
While we’re not sure how Santa Claus will be able to bring this present down the chimney, everyone with a car could be getting something very special this year: AAA says the national average for a gallon of gas could fall below $2 just in time for Christmas.
When gasoline prices fall, that means that consumers who drive have more money to spend on things other than fuel. The JPMorgan Chase Institute, a global economics think tank affiliated with the bank, analyzed their customer credit and debit card data to figure out what we did with all of those savings. It may not surprise you that most of it didn’t go into our retirement accounts. [More]
While we’ve all been dancing around at the gas pump over the news that fuel prices are cheap nationwide right now on average and will keep dropping until it’s below $2 a gallon, there’s a potential down side to the cheap gas glory: an estimated 35.5 million Americans will hit the road for Labor Day weekend, spurred in part by the low cost of gas. More people driving translates into more cars on the road, which could mean you’ll be stuck playing car games while waiting for traffic to move.
A few weeks ago, we heard gas prices would probably start dipping below $2 per gallon in many parts of the country as soon as this fall. And in some states, those low prices can already be found at some gas stations. But even so, given the price of crude oil right now, gas should be even cheaper, experts say.
If you’re planning an end-of-the-summer road trip, you’re in luck: Gas prices across the country are pretty low right now, dropping about 6% in the last month to just $2.59 a gallon on average. But if you’re planning to hit the highways and byways this fall, your luck is about to get even better at the pump, as experts say gas prices could fall below $2 a gallon next month.
As if there wasn’t enough to celebrate with the impending arrival of summer, road trip vacations will be even better this year with gasoline predicted to be at its cheapest in at least six years. Perfect for when you finally decide to drive across the country to visit that giant ball of [insert weird thing to make a giant ball out of] in [state far away from where you live].
When you live on an island, things that have to be imported are expensive. For example, on the Caribbean island of Aruba, gasoline costs more than $4 per gallon. That would make it fairly expensive to be a full-time taxi driver, wouldn’t it? Yes, if it weren’t for one driver’s brilliant yet illegal trade secret: sailing to Venezuela with a bunch of gas cans. [More]
More than one-third of states already have some gas options that will cost drivers less than $2/gallon, and a new report says it’s possible that this could increase to half of the country in the coming weeks. [More]
After so much pain at the pump in recent years, it’s got to be sweet relief for drivers to hear that 2015 might be easier on the old wallet. A report from the federal government says the average driver will save $550 on gas next year compared to 2014.
You may have noticed prices gradually falling at your neighborhood gas station over the last few months, what you may not know is that the price of oil has been falling even faster than that. Why aren’t station owners passing the savings on to drivers? They’re in a generally low-margin business, and we’re all still buying gas anyway. [More]
When gas prices rise, people who do a lot of driving feel it in their wallets. It hurts a lot. What if you could lessen the pain of fluctuations and put together a tiny nest egg in the process? That’s the idea behind the $4 Gas Savings Club.
Almost half of adults in this country think that gas is too expensive when it’s more than $3 per gallon, which means those people have some adjusting to do: AAA says the national average price of gasoline will be over that mark for the 1,000th consecutive day as of, well, today. And it’s probably going to stay that way for a very long time. [More]
After a summer during which the average gas price in the U.S. was frequently higher than what consumers paid 12 months earlier, the last few weeks have seen a leveling off of prices at the pump. In fact, the average price per gallon is the lowest it’s been in a few years. Of course, this happens after you spend your retirement savings driving the kids to Wally World for vacation. [More]