When comparing the average cost of fueling with regular gasoline and EV charging, the cost is about 55% lower for EVs — though some states tilt considerably more favorable for EVs than others.
Current prices are 81 cents less expensive than a year ago and will likely push lower as Americans remain isolated for the foreseeable future as a result of COVID-19.
The national average gasoline price dropped below $2 for the first time in four years, attributed to COVID-19 and the crude oil price war between Saudi Arabia and Russia.
Average fuel economy for light-duty vehicles sold in the U.S. reached a record high, and carbon dioxide emissions have reached a record low for model-year 2018, according to the EPA.
The national average gasoline price increased 4 cents to $2.58 as 2019 comes to a close, a spike attributed to unexpectedly higher road travel during the holidays, according to AAA.
The national average price of gasoline fell 2 cents to $2.55 per gallon, which is 5 cents lower than a month ago due to declining demand, according to AAA.
The national average price of regular unleaded moved 1 cent lower to $2.57 for the week ending Dec. 9, as Ohio, California, and several other states saw more significant price declines.
The price of a gallon of regular unleaded remained stable with a 1 cent decline to $2.58 for the week following a near-record Thanksgiving travel weekend, according to AAA.
There are three key reasons why the transition to synthetic oils is occurring. They are the proliferation of smaller displacement turbocharged engines, escalating CAFE fuel economy requirements, and government regulations to lower tailpipe emissions.
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