The day of the anniversary 2025: drivers to take advantage of low gas prices for 4 years

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The prices of gas, which is heading to the weekend, reached the lowest level in four years, as millions of Americans Prepare to hit the road.

When inflation is controlling, the average retail gas prices in the United States on the weekend is 14 % lower than last year, due to a large extent to the decrease in crude oil prices, according to what he said US Energy Information Administration (EIA).

On Monday, for example, the average retail price for ordinary gasoline in the United States was $ 3.17 per gallon, 11 % less than last year.

Retail gas prices increased by 19 %, or 49 cents per gallon, on the average of January to May during the past ten years, with the exception of 2020, according to the measuring the environmental environment. However, gas prices are usually increasing in the spring and summer months due to factors such as increasing demand for summer travel and Refiners turn into summer gasoline Mix, which is the most expensive price for production.

On Sunday, the National Road Traffic Safety Administration (NHTSA) has a sharp increase in penalties for car manufacturers whose vehicles do not meet the requirements of fuel efficiency for the years 2019 and beyond years. Reuters/Eduardo Monoz

It is expected that 45.1 million people will travel at least 50 miles from home during the anniversary holiday period despite fears of high costs, according to AAA. (Reuters / Eduardo Monoz / Reuters Pictures)

Oil prices have decreased during the past 6 months: What does gas prices mean?

The average western coast prices reached $ 4.29 per gallon on Monday, a 10 % decrease from this time last year, according to the environmental measurement. Meanwhile, the average price of the Gulf Coast reached $ 2.79 per gallon, a 13 % decrease from this time last year, and on the eastern coast, which has most of the demand for gasoline in the five regions, retail gasoline prices decreased by 17 % from 2024. The average price is $ 2.99 per gallon in the region as of the two.

In the Middle West and Rocky Mountains, the average price was $ 3.03 per gallon and $ 3.13 per gallon, respectively. This is a decrease of 15 % and 12 % from the previous year after the adjustment of inflation, according to the measurement assessment.

A fuel station in California

When inflation is set, the average retail gasoline in the United States is 14 % lower for the weekend than last year. ((Photo by Justin Sullivan / Getty Emachur) / Getty Erch)

This comes as a record number of people – about 45.1 million – traveling at least 50 miles from home during the anniversary holiday period despite fears related to the growing costs, according to AAA.

AAA estimated that the majority of them, 39.4 million, will travel by car during the weekend, which runs from Thursday to Monday.

The expert says that gas prices may decrease as crude oil is low.

Lipow Oil Associats and Lipow said that it is expected that the prices of pumps will remain between $ 3.25 and $ 3.50 per gallon this summer, much lower than last year.

Philips

Gas pumps prices are expected to remain between $ 3.25 and $ 3.50 per gallon this summer, according to Andy Lebo. (Daniel Aker / Bloomberg via Getti Imagors / Tire)

This was partially attributed to the customs tariff that contributes to pressure on oil prices to expect slower growth, in addition to optimism about the organization of oil exporting countries and their allies, known as OPEC+. The group estimates that the global demand for oil demand will grow by 1.3 million barrels per day in 2025 and 2026.

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The gas station in Los Angeles

Retail gas prices increased by 19 %, or 49 cents per gallon, on the average of January to May during the past ten years, with the exception of 2020, according to the measuring the environmental environment. (Louis Cinco / Los Angeles Times via Getti Emose / Getty Pictures)

According to Bloomberg News, the group also discusses whether it will make a significant increase in production in June, causing low oil prices.

Phil Flynn, chief analyst of the Fost Group and Fox Business Network, said that OPEC would do production and take away more voluntary productive cuts, which “come at a time when the market was slipping into a deficit of supply.”

“This is about negative prices, but it was another sign that OPEC wanted to keep President Trump happy,” Flynn said.



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