gasoline prices

Oil

Consumers winners, producers losers as oil prices fall

Source: 
The Washington Post

Over the short term, American consumers and the troubled European and Japanese economies are benefiting from the dramatic drop in oil prices, The Washington Post reports.

Oil

T-Day gas prices lowest in 4 years

Source: 
FuelFix

At a national average of $2.81 a gallon, Thanksgiving gasoline prices haven’t been this low since 2009, according to the AAA, which says that could trigger more than a 4 percent increase in people driving over the holiday, FuelFix reports.

Oil

Thanksgiving gasoline prices look to be lower

Source: 
FuelFix

The recent drop in gasoline prices appears set to continue into the Thanksgiving holiday weekend, potentially falling to the lowest level in five years, back in 2009 when the national average was $2.63 a gallon, according to AAA, FuelFix reports.

Oil

Can low oil prices be good for the environment?

NEW YORK (AP) — Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous new projects to squeeze oil out of the tar sands of Canada are being shelved.

Maybe low oil prices aren't so bad for the environment after all.

Oil

Survey suggests lower gas prices will boost holiday spending

Source: 
FuelFix

A survey from the National Association of Convenience Stores found that while two-thirds of Americans plan to maintain last year's holiday shopping levels, 14 percent plan to spend more due partly to lower gasoline prices, FuelFix reports.

Oil

Gas to average under $3 in 2015, government says

NEW YORK (AP) — The average price of gasoline will be below $3 a gallon in 2015, the Energy Department predicted Wednesday. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year.

Economists say lower gasoline prices act like a tax cut, leaving more money for consumers to spend on other things. Consumer spending is 70 percent of the U.S. economy.

Oil

Gas prices continue to drop in US

CAMARILLO, Calif. (AP) — A national survey of gas prices reports that the average cost of U.S. regular grade gas dropped 13 cents per gallon in the last two weeks.

Industry analyst Trilby Lundberg said Sunday that the average for regular grade gas is $2.94 per gallon, while midgrade averages $3.18 and premium $3.34. Retail diesel averages $3.64.

Oil

Drivers don’t believe lower gasoline prices will last

Source: 
The Washington Post

Drivers across the U.S. lack confidence that gasoline prices – which averaged under $3 a gallon this week for the first time in four years – will stay at their current levels, The Washington Post reports.

Oil

Lower gas prices boost US SUV sales in October

DETROIT (AP) — Falling gas prices improved buyers' moods and boosted sales of SUVs and trucks in October.

GM, Toyota, Chrysler, Nissan, Volkswagen and Honda all reported sales gains last month. Only Ford's sales fell 2 percent as it cut back on F-Series pickup sales ahead of the launch of a new F-150 later this year.

Oil

Nissan sales up over 13 pct. on lower gasoline prices

DETROIT (AP) — Nissan's U.S. sales rose more than 13 percent in October, a sign that auto sales continue to be strong.

The Japanese automaker said its Nissan and Infiniti brands sold just over 113,000 cars and trucks last month. Nissan sales rose almost 15 percent while Infiniti was down 1 percent.

Nissan says high consumer confidence and low gas prices raised sales of everything from small cars to SUVs. Marketing chief Fred Diaz says he expects the same factors to boost sales in November and December.

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