'Watching The Situation Closely': AAA Says Escalation Of Iran Tensions Could Affect Drivers At Gas Pump
AAA officials say an escalation of Middle East tensions could affect drivers at the pumps eventually, both nationally and internationally.
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AAA officials say an escalation of Middle East tensions could affect drivers at the pumps eventually, both nationally and internationally.
Analysts expect the decline to continue in the coming weeks.
The national average fell one cent to $2.65 last week.
The increases are expected to be short term as oil production comes back online.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.57, four cents lower than last week.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.81.
Analysts expect the trend to continue into early June.
Now analysts warn that the respite might not last heading into the Memorial Day weekend or the unofficial start to summer vacation.
Experts say the recent increases are due to three factors: the switchover to more expensive summer-blend gas, an increase in demand and rising crude oil prices.
The pain at the pump may hurt a little more too as $4 per gallon could soon become reality.
The Oil Price Information Service says filling up this summer will be the most expensive since 2014.
Crude oil prices have remained lower and oil and gas supplies have risen, but AAA Mid-Atlantic expects a change soon.
It getting more and more expensive to fill up your tank.
Motorists continue to see higher prices at the pumps in New Jersey.
Motorists continue to see slightly higher prices at the pumps in New Jersey.
Motorists will not find significant holiday savings when filling their gas tanks.
The national average cost of a gallon of regular gas is around $2.67, the highest it's been since August of 2015.
Gas prices have spiked yet again and are now up about 24 cents a gallon since Hurricane Harvey struck Texas.
Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm's aftermath.
A lot of people are hitting the road ahead of Monday's solar eclipse. That means higher gas prices.
Motorists are seeing slightly lower prices at the pumps in Pennsylvania and New Jersey.
They say the national average price for a gallon of regular is $2.23, which is four cents cheaper than it was last year.
AAA Mid-Atlantic says the average price of a gallon of regular gas in Pennsylvania on Friday was $2.46. Across the Delaware River in New Jersey, the average cost is $2.31 a gallon.
AAA Mid-Atlantic says the average price of a gallon of regular gas in Pennsylvania on Friday was $2.54. In New Jersey, the average price was $2.38.
Motorists traveling this Memorial Day weekend will find gas prices that have risen for the first time in weeks.
