AAA Report: Americans Spend 7% Of Income On Gasoline
Americans are spending $69 more each month to fill up their tank, according to a Triple A report.
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Americans are spending $69 more each month to fill up their tank, according to a Triple A report.
Rising gas prices may soon be derailing summer travel plans, according to a recent survey by Gas Buddy.
"This will be the most expensive driving season since 2014," said Tom Kloza, global head of energy analysis for Oil Price Information Service.
They're reaching levels not seen since 2015.
In the past week, the average price for a gallon of regular unleaded in Chicago has dropped by about 7.5 cents.
Gas prices are now the highest of the year, so far - $2.50 a gallon in Illinois and Indiana.
An analyst at GasBuddy says we could see prices spiking to the highest they've been in two years possibly by Tuesday afternoon.
According to Gasbuddy.com, the average price of a gallon of gas is lower than any July 4th weekend since 2005.
It may not even be March yet, but summer-blend gas prices are here. The area has reached the beginning of the end of the cheap gas price season.
Oil prices have surged because traders believe OPEC is finally addressing an oil glut that has depressed prices for the past two years.
Gasoline prices rose a tick in the past week, but still are much lower than recent years.
The Brexit vote has sent gas prices into a slide in Chicago and the rest of the United States.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said the increase is due, in part, to refinery maintenance, which will take longer than expected.
Massachusetts gasoline prices have jumped 4 cents in the past week to an average of $2.12 for a gallon of self-serve regular.
With gasoline prices plummeting in the Chicago area, how far can you go with $50 in your pocket?
With crude oil prices down again on Monday, gas prices at the pump likely will continue dropping.
Drivers are enjoying some of the lowest prices at the pump in years, but as CBS 2's Vince Gerasole reports it comes at a price.
With gas prices at lows we haven't seen in seven years, one analyst said drivers should buy now, because prices are likely to go back up soon.
While motorists around Chicago are well aware of plummeting gasoline prices, the average cost of a gallon of petrol is actually below the national average.
Gas prices have been steadily declining in Chicago for the past few weeks, reaching the lowest levels seen in years, and one industry expert said the bottom will continue to drop.
The average price of a gallon has fallen about 11 cents in the last week and drivers are loving it.
Triple A declares this year's to be the busiest holiday for travel ever.
Chicago cab driver Tony Liauppa is doing well these days.
Even with crude oil prices inching up a bit on Wednesday, Chicago area gas prices have been tumbling.
