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May Fuel Update: Prices Spike Again Across the Nation
Fuel prices have risen in all 50 states, with the average increasing by almost 39 cents.
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SEARCHMENUSEARCHFuel prices have risen in all 50 states, with the average increasing by almost 39 cents.
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The average national price of a gallon of unleaded gasoline remains at a low for the year at $2.26, despite increased demand at the start of the summer driving season, reports AAA.
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The nation's average price of gasoline fell 5 cents to $2.29 for the week ending June 19 as strong oil production and weak gasoline demand has kept prices on a downward trajectory, according to AAA.
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WEX Inc. will offer crowd-sourced fuel station location information to consumers as part of a new partnership with smartphone app GasBuddy under a strategic partnership focused on the retail gasoline market for consumers.
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Drivers are spending an average of 3 cents less at the pump that a week ago as national average gasoline prices have been falling across the country, the AAA reported.
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The May value is up 5.2 mpg since October 2007, the first month of monitoring by UMTRI. This value is 0.2 mpg below the peak of 25.5 mpg from August 2014.
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The national average rice of gasoline increased 1 cent to $2.38, two cents more than prices both a month and a year ago. AAA reported that a moderate dip in gasoline prices are normal following long holiday weekends, and prices in 30 states have fallen as much as four cents.
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The new system features a compact lithium-ion battery pack for torque-assisted launch, regenerative braking, and a smoother stop and start. When paired with a four-cylinder engine, the eAssist system increases city fuel economy by 19% compared to the LaCrosse’s V-6.
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The national average price of a gallon of regular unleaded increased 1 cent to $2.37 for the week ending May 30, which is 2 cents more than a month ago and 5 cents more than a year ago.
Read More →Michigan's U.S. senators are backing a proposal that would allow automakers to apply credits for model years as far back as 2009 to help them meet future standards to require their car and truck fleets to average 41 miles per gallon by 2021.
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The growing popularity of crossovers and their ambiguous classification has complicated the analyses of fuel efficiency trends and vehicle sales.
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