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Gas Price Run Up Eases

By Joe Benton
ConsumerAffairs.com

August 15, 2006

• Latest Gas Price Round-Up • 'Hypermiling' Is Dangerous, Says AAA • Struggling Drivers Blame Washington for High Gas Prices • What’s Really Fueling Those Sky-High Oil Prices • Credit Card Fees at the Pump are a 'Hidden Tax' on Consumers • Survey: 3 Out of 4 Angry About High Gas Prices • $2 A Gallon Gas Possible, Analysts Tell Congress • Speculators Buy More Oil Contracts Than Oil Companies • Saudis to Pump More Oil • Limiting Oil Speculators Gains Ground • Congress To Probe Oil Price Spike • Oil Market 'Saturated,' Iran Claims • Feds See No Relief from High Gas Prices • High Gas Prices Could Mean Lower Insurance Rates • High Gas Prices Good For Kia, Honda • Gas Prices Rip Past $4 and Keep Climbing • Administration, OPEC See Different Causes Of Oil Surge • Feds Probing Possible Oil Market Manipulation • Beware of Fuel Sippers Sipping High-Test • Retailers Respond to High Gas Prices with Discounts, Promotions • Rushing Into a Smaller Car Too Soon May Not Save Money • Hybrid Sales and Prices Climb in Lockstep with Gas Prices • Truckers Bemoan Burden of High Diesel Costs • Gas Prices Biting into Worker Productivity • Consumers Warned About Gas-Saving Schemes • Is Tony Soprano Controlling Gas Prices? • Oil & Gas: The New Bubble • Critics: New Federal Gas Mileage Standard Falls Short • Consumers Feeling Pain of Skyrocketing Gas Prices • New Gas Price Record Forecasts Expensive Summer Driving Season --- • More ...

Gasoline prices are now declining ever so slightly, according to the AAA Fuel Gauge. The decrease comes just as the average national price for a gallon of regular self-serve gasoline was closing in on the record high of $3.05.

The average price of regular unleaded gasoline is $2.997 a gallon, just a fraction of a penny under $3. One month ago a gallon of regular sold for an average of $2.96, according to AAA. One year ago a gallon of regular self serve cost $2.48.

Regular gasoline is selling for $3 a gallon or more in 25 states and the District of Columbia but that is a decrease of four states where gas is selling for an average price of $3 or more.

Midgrade and premium prices have dropped 4 cents a gallon from four days ago. Midgrade is selling for an average of $3.18 gallon, while premium is selling for $3.30 a gallon.

The most expensive gallon of regular unleaded gasoline in found in Needles, California where one station is charging $3.79. In Georgetown, South Carolina a gallon of regular unleaded costs as little as $2.39. That is the lowest price in the country.

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