Gas Prices Dip Down Just in Time for Holiday Travel

Posted on August 29, 2007 by LCT Staff - Also by this author - About the author

WASHINGTON — The national price for regular gasoline is down nearly 10 cents from a year ago, according to the federal Energy Information Administration (EIA). The average pump price is at the lowest level since April, the EIA said.

Gasoline costs typically are steady and sometimes rise during the three-day Labor Day holiday weekend, when fuel demand picks up as many Americans squeeze in one more vacation trip for the summer.

Also likely to affect pump prices this week are recent refinery problems and traders' concerns about supplies, which have sent crude oil and gasoline futures prices higher on the New York Mercantile Exchange.

Oil rose 88 cents to settle at $71.97 a barrel Monday at NYMEX, while gasoline jumped 5.8 cents to almost $2.04 a gallon.

In the EIA's new weekly price survey, retail gasoline was the most expensive in the Midwest, down 3.1 cents to an average $2.84 a gallon. Among major cities, Chicago had the highest gasoline costs at $3.03, down 4.4 cents.

The Gulf Coast states had the lowest price by region at $2.65 a gallon, down 2.9 cents. Houston again had the cheapest pump price at $2.57 a gallon, down 3.4 cents.

The EIA also reported gasoline prices were down 7.1 cents to $2.89 in San Francisco, down 2.6 cents to $2.82 in Miami, down 3.1 cents to $2.79 in Denver, down 1.2 cents to $2.75 in Seattle, down 5.9 cents to $2.72 in New York City, and down 5.7 cents to $2.65 in Boston.

Source: USA Today

View comments or post a comment on this story. (0 Comments)

More News

NLA Supports, Celebrates Charities At LCT East

Early bird and group discounts end today, so don’t miss your chance to attend this event at the show!

Attention To Detail Sets California Operator Apart

WebXclusive: Millennial operator Aaron Schiff of Ascot Limousine uses his talents to maintain the stellar reputation of his godfather’s company.

Uber's Creepy Drones And Drivers

TNC Travesties Of The Week: The company's marketing techniques prove to be just as aggressive as their independent contractors. 

70 Defining Moments In Luxury Industry History

From the 1970s to the present, check out these incredible events that affect the wider luxury services and products sector. 

Do You Provide Customer Service Or Experience?

Companies may be tempted to stick with the former, but clients can almost immediately notice when the focus isn’t on the latter.

See More News

Facebook Comments ()

Comments (0)

Post a Comment



See More

See More

See More

See More

LCT Store

LCT Magazine - October 2016 $12.95 COVER STORY: * Leverage Tech To Levitate Your Operations * *
LCT Magazine - September 2016 $12.95 COVER STORY: * How Do We Max Our Markets? * *


Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close