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The average price of gasoline in the United States increased by 15 cents in two weeks

The average price of the pump is $ 1.36 higher than a year ago.

CAMARILLO, California – The average price of regular gasoline in the United States has risen 15 cents over the past two weeks to $ 4.38 per gallon.

Trilby Lundberg, an industry analyst at Lundberg Survey, said on Sunday that the current price is one nickel lower than the highest average price in history – $ 4.43, set for March 11.

According to Lundberg, the average price of the pump is $ 1.36 higher than a year ago.

Gasoline prices in Indianapolis rose 19.8 cents a gallon last week to an average of $ 4.17 a gallon on Monday, according to a survey by GasBuddy at 653 stations in Indianapolis.

Prices in Indianapolis are 22.3 cents a gallon higher than a month ago and $ 1.20 higher than a year ago.

According to GasBuddy, the price of diesel has risen 22.6 cents nationwide over the past week to $ 5,518 per gallon. According to Lundberg, the average price of diesel increased by 43 cents in two weeks to $ 5.58 per gallon.

According to GasBuddy price reports, the cheapest station in Indianapolis was priced at $ 3.89 per gallon on Sunday, while the most expensive was $ 4.89 per gallon – a dollar spread. That $ 4.89 was also the highest price in the state, and the lowest price was $ 3.81 in Indiana on Sunday.

The highest average price for conventional gas in the country is in the San Francisco Gulf Region, at $ 5.85 per gallon. The lowest average is in Tulsa, Oklahoma, at $ 3.80 per gallon.

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“Oil prices continued to rise after the EU wanted to impose sanctions on Russian oil,” said Patrick De Haan, head of oil analysis at GasBuddy. “In addition, U.S. oil reserves have seen another week of decline as we approach the start of the summer driving season.”

Diesel prices hit record highs and gasoline prices hit record highs. “Although petrol drivers see a slight increase in prices, the increase in diesel will be a double blow as diesel prices will soon shift to retail channels,” DeHaan said.

So, as prices rise, you may be looking for the cheapest gas in your area. If this search has made you wonder why the price is different in some places, you are not alone.

Why do prices change at gas stations in different regions?

Nick Chabarria, a spokesman for the American Automobile Association (AAA), said many factors played a role when looking at gas stations in the same city.

“The difference in these prices will really stem from the distribution and marketing costs incurred by these gas stations,” Chabarria said.

For example, some gas stations are part of larger companies with larger warehouses nearby.

For them, faster access means lower distribution costs, which can save consumers a few extra cents on the pump.

Chabarria said it was different for small gas stations.

“Other filling stations may be independently owned and will have to pay a distributor to deliver fuel,” Chabarria said.

Chabarria added that drivers should not always expect to find cheaper gas in rural areas.

“Costs will vary depending on how far the stations are from the fuel terminals. You know how much it costs to transport that fuel to the gas station,” Chabarria said.

Chabarria said that the current crisis in Ukraine and crude oil prices are other key factors driving up prices.

“The jump in prices is in response to the European Union’s announcement that it will look for ways to start banning Russian crude oil imports.”

The big thing to remember is that as prices have risen, so has the number of people traveling.

Now that we are in the summer travel season, Chabarria said she expects costs to continue to change.

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Tips to save fuel

In the meantime, here are some tips that AAA recommends for you to save fuel:

  • Slow down and push the speed limit. Higher speeds result in more aerodynamic drag.
  • Avoid starting jackrabbits and sharp accelerations. These actions significantly increase fuel consumption.
  • Use cruise control on the highway to maintain a constant speed and save fuel. However, never use cruise control on slippery roads, as this can result in loss of control of the vehicle.
  • Minimize the use of air conditioning.
  • Avoid idling for long periods of time to warm up the engine, even at colder temperatures. This is unnecessary and consumes fuel.
  • Maintenance your car according to the manufacturer’s recommendations. Regular maintenance will ensure optimal fuel economy.
  • Make sure your tires are properly maintained and inflated properly.
  • When driving in the city, adjust your speed to the “time” of the traffic light. This reduces re-braking and acceleration, which consumes extra fuel.
  • When approaching a red light or stop sign, take your foot off the accelerator early and allow your vehicle to move more slowly until braking time arrives.

For those who are interested, you can find the average price of fuel in your state here.

The average price of gasoline in the United States increased by 15 cents in two weeks

Source link The average price of gasoline in the United States increased by 15 cents in two weeks

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