Aug 19, 2011

The New Price of Gas

Declining gas pricesThe automotive travel industry gets a glimpse of hope with gas prices starting to decline.  The drop in prices is bittersweet for people like you and I though, as the cause for the decrease is the United States economic volatility.  As of this past week, the cost for crude oil is now as low as $85 a barrel and the average price per gallon has dropped 9 cents and is still declining. This is great news for motorists looking to travel Labor Day Weekend because prices could be as low as $3.00 a gallon.

What that means is a 25-cent-per-gallon price decrease saves the average driver about $4 per week, based on driving 20,000 miles per year in a car that gets 25 mpg. Depending on your car and driving habits savings could be even more.

MapQuest has a way to find the best savings with MapQuest Gas Prices. Just enter your address and it provides a map of your area with the current gas prices listing from lowest to highest. The results stay updated to show you where to find the best pump everyday. You can also use this site to check out the highest and lowest gas price in the U.S. or take advantage of the gas price calculator.

For more information on National Gas Trends go to AAA’s Weekend Gas Watch.