
The nation's average price of regular unleaded stayed at $2.35 per gallon for the week ending Aug. 14 as a result of strong demand, high imports, and increasing production, according to AAA.
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The national average price of a gallon of regular unleaded increased 3 cents to $2.35 for the week ending Aug. 7 due to summer demand "running full speed ahead," according to AAA.
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California's Legislature has voted to extend the state's cap-and-trade program through 2030, which could result in an increase to the gasoline tax and would codify the Low Carbon Fuel Standard (LCFS) into law.
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The national average price of regular unleaded fell 1 cent to $2.25 per gallon for the week ending July 17 due to near all-time levels of demand while supply has ebbed lower.
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The national average price of a gallon of regular unleaded gasoline increased 3 cents to $2.26 for the first increase in five weeks for the week ending July 10, according to AAA.
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The national average gasoline price continues to move lower, falling to a level not seen since the Independence Day holiday in 2005, according to AAA.
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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.
Read More →Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.
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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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National average gasoline prices increased to $2.36 per gallon heading toward the Memorial Day holiday with 36 states registering price increases, according to AAA.
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