AAA FUEL GAUGE: Gasoline Prices in West Virginia Drop Almost 2 Cents
13.09.11
According to AAA’s Fuel Gauge, crude oil prices declined Monday amid a resurgence of economic fears for the euro zone, before rallying in the afternoon. At the close of formal trading on the NYMEX, crude oil settled up 95 cents at $88.19 per barrel.
The Department of Energy’s (DOE’s) Energy Information Administration announced last week that it was lowering its forecast for both oil prices and demand growth over the next 16 months, citing lower economic growth projections for the domestic and global economy.
The impact of President Obama’s jobs speech was discussed by analysts in trading, but proved a secondary focus as global macroeconomic factors drove the market to end the week. Renewed fears of default in Greece and the subsequent impact on other euro zone economies drove the euro sharply lower and the dollar to highs not seen since last winter.
Even as U.S. gasoline demand has fallen, storms in the Gulf and East Coasts coupled with low import numbers have kept upward pressure on gasoline prices at the pump. The current national retail average price for a gallon of self-serve regular gasoline is $3.642. Today’s average price is 1.8 cents less expensive than last week, 4.4 cents higher than a month ago and 94 cents more expensive than one year ago.
As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin.
By John Lofstock, Editor.
The cost of fuel has been roaring up and down like a rollercoaster, and so has the risk to retailers when purchasing fuel in large quantities. Fortunes can be made by accurately predicting which way the market will swing, but very few retailers can afford to have a tank full of gasoline underground when the retail price plummets.
One way that chains are mitigating risk is with software that helps them optimize fuel inventory, decrease operational expenses like unplanned split loads and reduce the costs related to scheduling and managing fleets.
The average price for a gallon of gas nationwide on July 29 was $3.710, according to AAA—nearly a dollar higher than a year ago, when the average was just $2.744. California’s average has hit $3.817, the eighth highest in the country, but one of the state’s lowest rankings in years. That price, though, is 66.7 cents higher than it was a year ago.
(WTNH) -- The price of a gallon of gasoline in Connecticut has been dropping over the past few days, offering a few cents relief to drivers, but ...
What was the AAA National Unleaded Fuel average for 9/20/06?
Sep 29, 2006 by N2OZZY | Posted in Maintenance & Repairs
Does anyone know the link to find the archives for the AAA National Fuel average prices? My job requires me to submit the national average from AAA every Wednesday. I forgot to look at the AAA endorsed website http://www.fuelgaugereport.com/index.asp on 9/20/06. Thank you!
I need to find the link to be able to print out the report.
2.32 reg unl
john l | Sep 29, 2006
Who do you blame for the high fuel prices?
May 14, 2007 by Nolan | Posted in Other - Cars & Transportation
"Because oil prices today are at least $10 less expensive per barrel than when gasoline prices previously exceeded $3 per gallon, almost all of the price pressure on gasoline can now be attributed to America's continuing -- and increasing -- inability to supply enough refined gasoline to the marketplace," AAA said in a statement earlier this month.
What do you think?
No one will be blamed except the selfish commercialism that brought us all into poverty.
doods | May 14, 2007
George Bush!!
Nicole | May 14, 2007
The oil company
James S55$$ where I give you ME. | May 14, 2007
Its a fuckin conspiracy. Supply and Demand my asshole. They have enough supply they just bottleneck the data to show inventories are "lower". FUCK BIG OIL, I hope they rot in hell and i get to piss down their throat. Govt. needs to impose restrictions on Big Oil instead of the car manufacturers - make them come out with alternative fuels
deeeznuuutz | May 14, 2007
theres ALLWAYS and excuse in the industry for why ,bla bla bla its pure and simple greed
tonuprocker | May 14, 2007
supply and demand10 yrs ago china had 1 car per 100,000 people now its 1 car per 1000...and they bid up the price...also nigeria has cut production 1 MILLION barrals per day
Pedro S | May 14, 2007
Refinery shortage is a real concern, however, the 'anticipated' demand of a booming china and india, the decline of oil finds, a looming summer driving season and the instability of iraq/iran dont help price trending........
rorya | May 14, 2007
Its a tie between George Bush & gas guzzeling large SUV owners that only use a large SUV for status. I hate seeing so many SUV's being driven all over town with one person in it!!
Melody M | May 14, 2007
Us, the consumers. We're in a free market society. We indicate the prices. Basic demand and supply. If we cut back on the gas guzzlers, made reasonable trips, and walked/carpooled, we could easily it prices back down to "the good 'ol days".
hotrock11 | May 14, 2007
The big oil companies.
paducah_billy | May 14, 2007
Blame nobody but yourself.
timmy b | May 14, 2007
Why does no one actually seem to think their responses through? We aren't allowed to drill in the most lucrative places in our own country. OPEC withholds oil from the market to keep prices high. Oil companies haven't been allowed to build new refineries in our own country since the 1970s and they are consistently being used at almost 100% capacity so there is no room for extra supply. America's demand for gasoline consistently goes up every year and the production of gasoline obviously hasn't increased because of not being allowed to build more refineries. Oh, and the government makes more money off of gasoline than the oil companies. Since 1977 the government has gotten twice the profits of the oil companies. So why don't you stop putting the blame on the oil companies for making money (isn't that the purpose of a business anyway) and start complaining about the government hiking up the price of gasoline because THEY are the ones who are greedy. While you're at it, why don't you lobby the government to actually do something about our gasoline and oil shortage by allowing us to actually drill in our own country and build more refineries instead of talking about becoming less dependent on foreign oil and doing nothing about it.
Jawillde | May 14, 2007
It has been revealed that politicians have been influenecing refineries operating in the continental states to operate at lower capacities than normal and report an inability to increase production thereby driving up the commodity price of refined fuels.
This actitivty is to shift the focus off national policy debacles caused by their interference.and attribute blame to the current administration.
Skeeter | May 14, 2007
I blame the consumers only. There are substitutes to driving. That is why the price of gasoline is not included when the government tabulates inflation.
YOU HAVE A SUBSTITUTE TO DRIVING... Its called a bus, your feet, a bicycle. You can move closer to your work, switch jobs, carpool to the grocery store and work, work from home.
This is the USA not the USSR. No one makes you purchase gasoline. You do it on your on.
arch0049 | May 15, 2007
Hybrids and fuel efficiency cars are looking really attractive now I bet?
Jun 09, 2008 by kO_oties | Posted in Commuting
By JOHN WILEN, AP Business Writer
6 minutes ago
NEW YORK - Retail gas prices rose further above a national average of $4 Monday, and are likely to keep rising as distributors and retailers hike prices in response to last week's unprecedented oil price rally.
Oil futures, meanwhile, retreated as investors sold to lock in profits from the run-up, though oil prices may be headed even higher. Saudi Arabia said it would call for a meeting to discuss crude prices, which it said were unjustifiably high.
At the pump, the national average price of a gallon of regular gas rose 1.8 cents overnight to a record $4.023, according to AAA and the Oil Price Information Service. Prices first moved above $4 nationally on Sunday, though they've been higher than that in many parts of the country for weeks.
If oil prices remain near $139 a barrel, last week's record high, gas prices will likely rise another dime in coming days, said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service in Wall, N.J.
I drive a 2006 Honda Civic Sedan. I remember friends making fun of my car telling me that it was a "Granny car." They told me that I had two gerbils and a rabbitt for HP (horse power)
( ^ _ ^ ) But you know what?! Look who's laughing now! 40 mpg on the highway, and 35 mpg in the city! I fuel up like every two weeks.
Point and laugh at them. This is crazy i dont no why we Americans are complaining europe's prices are rediculus.
Tony T | Jun 09, 2008
This was not a question.
Andrys | Jun 09, 2008
If you get 35 mpg city and 40 mpg highway you are most have also won the lotto.
EPA it is rated at 25 city and 36 hwy.
Your city driving is 10 mpg higher. You must NEVER stop, NEVER use A/C, and drive 30 mph.
And you do drive a Granny car. There are A LOT of better looking cars than the Civic that get BETTER gas milage. The Corolla is one. The Yaris is another. I would even drive a Smart Car than a Granny car.
thewild0ne69 | Jun 09, 2008
what they dont say is the hybrid costs 10k more than the nonhybrid version of the same vehicle.how long are you gonna drive it before you actually save any money
rock_hillbilly05 | Jun 09, 2008
Ways to make better fuel millage?
Mar 06, 2011 by Ben P | Posted in Ford
As the price of gas is going up and up. I was wondering about ways to improve fuel millage.
I have a 98 v6 mustang (modified with dual exhaust, cold air intake, and a tuner (sct) )
With a stock 98 mustang fuel millage is: 18/26
My average millage (over a moth of tracking)) is 24mpg (mixture of city and highway)
I was thinking of removing the spare tire (I have AAA). I was also thinking of removing my passenger seat. No body ever rides in my car, so why not?
Any other tips would be great
Reducing weight of the vehicle will definitely help but there is so much more!!! Tune-up?, properly inflated tires ( I run max pressure cold as listed on the sidewalls with no abnormal tread wear.. I.don't recommend higher pressures as some are doing) , lowest weight of oil recommended for your vehicle possibly including synthetic (watch price difference compared to mpg gained). But the biggest gain will be from changing your driving habits. Check the link below and also search hypermiling . I disagree with using cruise control if your vehicle has to downshift (hills) to maintain speed. I've been trying these things for years. they work! Good luck
Edit: On my most driven vehicle a 97 Saturn sw2 (189k miles on it) I consistently out perform the new EPA ratings of 21 city and 31 hwy mpg to the tune of 34+ mpg average using some but not all hypermiling techniques .
rr | Mar 06, 2011
How can they justify $4.xx a gallon and say it is not for profit?
Apr 17, 2008 by transamdroptp08 | Posted in Commuting
AP
Gas prices pass $3.40 a gallon, are expected to rise higher
Thursday April 17, 11:16 am ET
By John Wilen, AP Business Writer
Gas prices pass $3.40 and are expected to rise higher; oil gyrates after setting own record
NEW YORK (AP) -- Retail gas prices pushed past a record high $3.40 a gallon Thursday, fulfilling expectations that they'll keep climbing toward $4 as the summer driving season approaches.
Oil prices, meanwhile, fluctuated after setting yet another record high overnight. Analysts said investors were locking in gains from crude's ongoing rally and trying to determine whether prices have more room to rise.
At the pump, the average national price of a gallon of unleaded gas rose 1.9 cents overnight to $3.418 a gallon, according to a survey of stations by AAA and the Oil Price Information Service. Diesel fuel also hit a new record of $4.146 a gallon after jumping 1.7 cents overnight, the survey said.
http://biz.yahoo.com/ap/080417/oil_price s.html
In 1998 the USD was on average of 1.15 to 1 EURO
Todays current exchange rate is .6277 USD to the EURO.
When i say profit, I mean above and beyond what they were making ten years ago. GAS has increased almost 3 dollars in ten years!! in the past 80 it rose to what a dollar? YES inflation is expected but it is a little ridiculous.
I don't think a don't buy gas one day will work because the day prior or after you just hit a high spike. We need to find eco friendly cars to tool around in everyday.
GAS WILL BE $4.XX A GALLON BY SUMMER UP ABOUT $3.XX A GALLON SINCE 1998! SUPPLY AND DEMAND DOES NOT HOLD TRUE HERE GREED DOES!! IF THESE PRICES CONTINUE TO DO WHAT THEY DID IN THE NEXT TEN YEARS WE WILL BE PAYING $16.XX A GALLON BY 2018 WILL YOU STILL BE SAYING "SUPPLY AND DEMAND"? YES THEY ARE BUSINESSES BUT SOMETIMES THINGS NEED TO BE REGULATED!
It IS for profit. No one denies that, the gas companies report their profits every quarter. Where did you get the idea that it was not for profit?
Part of the reason gas is so expensive is because the cost of oil has gone up. A barrel of oil that the gas company turns into gas now costs the gas company about $115 instead of the $20-$30 it cost in the 90's. So yeah, gas is more expensive. The gas companies still make a profit, just like every other corporation in the world.
Maybe you should take a class about business before you start alleging wild conspiracies because of the price of gas.
Los Angeles TimesCurrently the average price for a gallon of regular, unleaded gasoline is $3.648. According to AAA's Fuel Gauge, crude oil prices declined Monday amid a resurgence of economic fears for the euro zone, before rallying in the afternoon. Dayton gas prices fall 5 cents, now average $3.64 per gallonDespite steadying of gas prices, New York still outpaces nationAAA Michigan: Gas prices up 1 cent in past week - -all 402 news articles »
The BTU-adjusted price calculated by OPIS and AAA is not an actual retail average price paid by consumers. It is calculated as part of AAA's Fuel Gauge Report because according to the Energy Information Administration E-85 delivers approximately 25
Los Angeles TimesThis week prices at the pump in West Virginia increased two cents a gallon. The average price for regular, unleaded gasoline is currently $3.665. According to AAA's Fuel Gauge, after the three-day Labor Day holiday weekend, crude oil prices traded What was your experience at the gas pump this holiday weekend?AAA Michigan: Gas prices up 6 cents in past weekHigh and Low Fuel Prices for Sept. 6 - -all 185 news articles »
The price of gasoline began to drift lower during the week and is now down four cents a gallon from a week ago. The national average price of self-serve regular today is $3.611, down from $3.659 last Friday, according to AAA's Fuel Gauge Survey. U.S. Average Regular Gasoline Price Fell YesterdayNorthern California Gas Prices Jump This MonthAAA: Mass. gas prices 1 cent higher than national average - -all 101 news articles »
Convenience Store Decisions (press release) - Sep 19, 2011
That price, though, is 66.7 cents higher than it was a year ago. According to AAA, though gas prices are rising very little, pump prices remain 50-70 cents higher than they were in the summers of 2006 and 2010. The summer of 2008 saw the average price
As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin. 
Los Angeles TimesCurrently the average price for a gallon of regular, unleaded gasoline is $3.648. According to AAA's Fuel Gauge, crude oil prices declined Monday amid a resurgence of economic fears for the euro zone, before rallying in the afternoon. Dayton gas prices fall 5 cents, now average $3.64 per gallonDespite steadying of gas prices, New York still outpaces nationAAA Michigan: Gas prices up 1 cent in past week - -all 402 news articles »
Los Angeles TimesThis week prices at the pump in West Virginia increased two cents a gallon. The average price for regular, unleaded gasoline is currently $3.665. According to AAA's Fuel Gauge, after the three-day Labor Day holiday weekend, crude oil prices traded What was your experience at the gas pump this holiday weekend?AAA Michigan: Gas prices up 6 cents in past weekHigh and Low Fuel Prices for Sept. 6 - -all 185 news articles »
The price of gasoline began to drift lower during the week and is now down four cents a gallon from a week ago. The national average price of self-serve regular today is $3.611, down from $3.659 last Friday, according to AAA's Fuel Gauge Survey. U.S. Average Regular Gasoline Price Fell YesterdayNorthern California Gas Prices Jump This MonthAAA: Mass. gas prices 1 cent higher than national average - -all 101 news articles »
