According to AAA, there is typically a seasonal uptick in demand for fuel, but demand has dipped this year.
“Usually this time of year, with warmer weather and longer days, we’d see an uptick in gasoline demand as more people hit the road,” said Andrew Gross, AAA spokesperson. “But we had a slight drop in demand last week, which may be due to higher pump prices.”by AAA showed that 59% of drivers said they would change driving habits or lifestyles if the cost of gas hit $4 per gallon.
“The drop in gas demand is contributing to price decreases, but the recent reversal in oil prices is creating downward pressure on pump prices,” AAA reported. “If the oil price continues to decline, pump prices will likely follow suit. However, should oil prices start to climb again, pump prices will likely follow.”Copyright 2022 Gray Media Group, Inc. All rights reserved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thieves Steal Over $23,000 of Gas at Duncanville Gas StationA Duncanville gas station owner is speaking out after he claims thieves stole over 6,000 gallons of gas worth over $23,000.
Read more »
Follow local, national gas price trends with the Houston Chronicle's weekly trackerHoustonians are paying about a dollar more per gallon for gas. The Houston Chronicle's...
Read more »
Average San Diego County Gas Price Rises 4.9 CentsThe average price of a gallon of self-serve regular gasoline in San Diego County rose 4.9 cents Saturday to a record high of $5.888, its 25th consecutive increase.
Read more »
Average Los Angeles County gas price spikes 5.9 cents to another record highThe average price of a gallon of self-serve regular gasoline in Los Angeles County rose 5.9 cents to a record high of $5.966, its 25th consecutive increase.
Read more »
Average San Diego County gas price rises 2.3 centsThe average price of a gallon of self-serve regular gasoline in San Diego County rose Sunday for the 26th consecutive day, increasing 2.3 cents to a record $5.911, one day after rising 4.9 cents.
Read more »
Average San Diego County Gas Price Rises 2.3 CentsThe average price of a gallon of self-serve regular gasoline in San Diego County rose Sunday for the 26th consecutive day, increasing 2.3 cents to a record $5.911, one day after rising 4.9 cents.
Read more »