Gas price drops slow but continue to fall
The arrival of Hurricane Francine to the Gulf Coast created some temporary issues for nearby oil production and refining.
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The arrival of Hurricane Francine to the Gulf Coast created some temporary issues for nearby oil production and refining.
Read MoreThe cost of crude oil is a major driver of the price of gasoline; and it is estimated the crude oil price contributed 55 percent to the price of gasoline as of June 2024.
Read MoreThe Magnolia State has had the lowest average state price in the country for regular unleaded gasoline over the last several weeks.
Read MoreAAA projects a record 60.6 million people will travel by car over Independence Day week – that’s an additional 2.8 million travelers compared to last year.
Read More23 percent of Americans are holding back on summer travel due to gas prices.
Read MoreAAA projects 38.4 million people will travel by car over Memorial Day weekend.
Read MoreMuch of the price increases were expected because of the time of year.
Read MoreAAA says the main reasons are tepid demand and a low cost for oil, which is hovering around $70 per barrel.
Read MoreAAA expects nearly 104 million people will drive to their holiday destinations, an increase of 1.8 percent compared to 2022.
Read MorePump prices have lost 32 cents since their 2023 peak of $3.88 a month ago. This means drivers are saving about $5 every time they fuel up.
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