Gas Nears 19-Month Low
NEW YORK CITY - Gasoline prices fell overnight, settling to the lowest prices in nearly 19 months, a survey for the American Automobile Association showed Monday.
The national average price for a gallon of regular gas fell to $2.668, down .031 cents from the day before, according to AAA's Daily Fuel Gauge Report. The last time the prices were this low was March 31, 2007 at $2.6591 a gallon.
Today marks the 40th straight day that prices have dropped. Gas is down 35.15%, or $1.446, from the record-high price of $4.114 that AAA reported in mid-July. Gas is down 27.24%, or .999 cents, from the month ago average.
On Oct. 18, the average price dropped below $3 a gallon for the first time in nearly nine months.
Alaska has the most expensive gas in the nation at an average of $3.730 a gallon, while Oklahoma has the cheapest gas at $2.249 a gallon.
Demand for gas is dropping, as Americans drive less and consume less gas compared to last year. In August, Americans drove 5.6% less, marking the biggest single-month decline in miles traveled since the government collected data. Gas consumption for the past four weeks averaged 8.8 million barrels a day, or 4.3% lower, according to the U.S. Department of Energy.
U.S. crude oil for December delivery fell $3.69 to $64.15 a barrel in electronic trading Monday.
On Friday, oil prices fell to their lowest point since May 2007 even as OPEC announced it would cut production by 1.5 million barrels a day starting in November.
Don't let your guests down. Here are some things to think about before the event starts.
ISSUE PREVIEW: What does he think? What did she really say? Are you channeling your customers? In the October 2012 issue of LCT Magazine, you’ll get a complete primer on how to read and please your
With no need for people to operate vehicles, how can limo companies adapt to the new world of transportation?
It has never before been easier for businesses to share information, insight and intimacy with consumers; it has also never been easier to offend them. Read more to learn how to avoid a social media faux pas.
On my trip to Chicago last week for the 2012 BusCon Expo, I had the pleasure of experiencing a new ride — the 2013 MKT Town Car.