Report Says Gas Prices to Stay Flat or Climb Through Labor Day
WASHINGTON - For the month of August, AAA said gasoline prices have historically declined in seven out of the last ten years, but the company is predicting that gas prices in this month in 2012 will remain flat or move up slightly.
This chart from AAA shows the range of gasoline prices on a regional basis.
This chart from AAA shows the range of gasoline prices on a regional basis.
WASHINGTON – In a new report from AAA, the organization stated that gas prices in July 2012 went up faster than they did in July 2011, at 15.7 cents per gallon on average for 2012. This increase is seasonal and has occurred during five of the last 10 years, according to AAA.
The summer low for gasoline prices was $3.26 on July 2. Currently, the average national gas price was $3.61 per gallon, more than the average of $3.54 in July 2011.
For the month of August, AAA said gasoline prices have historically declined in seven out of the last ten years, but the company is predicting that gas prices in this month in 2012 will remain flat or move up slightly. Prices will start falling again after Labor Day, the organization stated, as the summer driving season comes to an end.
Factors influencing gasoline prices currently involve rising crude oil and ethanol prices, the ongoing geopolitical concerns in the Middle East, and a mixed global economic picture.
AAA reported that the five states with the highest gasoline prices include: Hawaii R $4.148; Alaska at $3.995; Conn. at $3.818; Calif. at $3.802; and N.Y. $3.767. The five states with the lowest prices include: S.C. at $3.202; Miss. at $3.241; Ala. at $3.254; Ariz. at $3.270; and Ark. at $3.276.
This chart from AAA shows how gas prices have changed during the last six months.
More Fuel
June Fuel Update: Prices Fall Below $4
Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
Read More →
Study: How 2026's Gas Price Hikes Affect Different Vehicle Types
New data from iSeeCars reveals how rising fuel costs have affected different vehicle segments as gasoline prices climbed nearly 46% over the past four months.
Read More →
Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →
May Fuel Update: All Regions Experience Declines
Gas prices are finally easing in much of the country, but experts warn global tensions could quickly reverse the trend as the national average remains well above last month’s levels.
Read More →
April Fuel Update: Prices Climb Above $4 as Spring Surge Accelerates
National average jumps to $4.04 per gallon, up sharply from last year, with West Coast prices topping $5 and further increases expected amid rising oil tensions.
Read More →
Tips from Fleet Managers on Saving Fuel Costs
Fleet leaders share practical strategies to reduce fuel spend through smarter policy, routing, and driver guidance.
Read More →
March Fuel Update: Prices Settle With a $4 Average
Fuel prices significantly slowed this week, but a $4 national average is still expected.
Read More →
Bob Adamsky on Fuel Volatility: “Don’t Panic — Have a Plan”
With oil prices rising again, AWP Safety’s fleet manager shares how to respond to rising fuel costs and how the right strategy can turn fuel spikes into cost-saving opportunities.
Read More →
Oil Market Turbulence Is Complicating Fleet Cost Planning
Rapid swings in crude oil prices driven by the conflict in the Middle East could create longer-term cost pressures for fleets, affecting fuel prices, supply chains, and vehicle strategy, says NTEA’s Andrew Wrobel.
Read More →
February Fuel Update: Prices Inch Higher for Third Week in a Row
The final February fuel update reveals prices continuing to inch higher for the third week in a row.
Read More →