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The national average price gasoline has remained relatively flat over the past week – as it has for nearly a month – however, the 12 month price increase continues to soar.
The national average price for a gallon of regular unleaded gasoline now stands at $2.64 per gallon, up from $2.63 last week, but down from $2.65 last month. With the holidays right around the corner, this holding pattern is a welcome sight to many consumers.
Unfortunately, despite having hit a recent plateau, today’s price is nearly 40% higher than the $1.89 it was just one year ago, thanks to both a supposed (albeit weak) economic recovery and oil prices that have climbed 60% over the same 12 months.
Alaska ($3.32), Washington DC ($3.30), and Hawaii ($3.22) are the only locations across the United States with an average price of gas in excess of $3 per gallon. Twelve states are reporting average gas prices below $2.50 per gallon, with Colorado the lowest at $2.45.
While I certainly don’t know exactly where gasoline prices are headed, the rapidly declining dollar and improving short-term economic outlook suggest that we’ll see another spike in prices relatively soon.
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I have to say that I used to follow your blog regularly and, in fact, included it in my blog list. But it seems that 9 out of 10 of your posts nowadays are about gas prices, a data point that can be found in any number of places on the web or, in fact, on my iPhone.
Sorry, Rob. As I’m sure you can tell, there are only so many fuel economy tips to be written about. I am planning on putting together a series of posts regarding the fuel efficiency of each car manufacturer’s fleet.