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AAA Hoosier Motor Club Gas Gauge
(May 14, 2008)

National Unleaded Retail Gas Price Averages

Indiana’s Unleaded Retail Gas Price Averages

Highest Recorded Price:

Retail Gas Price Averages (Indiana Metro)
Updated average prices for unleaded retail gasoline in some Indiana metro areas can be found online through AAA’s Daily Fuel Gauge Report site. Please click on View Indiana Metro Areas.


Retail Gas Price Averages (State-by-State)
Updated state-by-state unleaded retail gasoline price averages can be found online through AAA’s Daily Fuel Gauge Report site. Please click on View State-by-State Averages.


Market Overview
Crude oil prices briefly surpassed the $126 per barrel mark yesterday afternoon before finishing the day just above $124 per barrel.

Apparently in response to crude activity in futures market trading, national gas prices also jumped substantially. In fact, new all-time record high averages for self-serve regular gasoline for both Indiana and the United States as a whole were recorded this morning on AAA’s Daily Fuel Gauge Report…www.fuelgaugereport.com.

Much of where gas prices will go from here depends on the degree to which American travelers show up at gasoline stations to fill-up before hitting the road during the upcoming Memorial Day weekend. Lackluster demand for fuel could keep a lid on prices, while the more traditional surge in gasoline consumption could signal another round of increases.

Interestingly, the oil market seems very well supplied despite ongoing concern that developing nations around the world are soaking up all of the excess oil that is being produced.

In fact, the International Energy Agency again cut its forecast for global oil demand yesterday by 400,000 barrels per day based on much weaker than expected demand in the United States and Europe.


AAA’s Daily Fuel Gauge Report
Current gas price averages can always be found on AAA’s Daily Fuel Gauge Report at www.fuelgaugereport.com. The report is based on data from Oil Price Information Service, the nation’s most comprehensive source of petroleum pricing information. AAA purchases the data and makes it available free on the Internet as a public service. Average daily prices for the nation, all 50 states and more than 250 localities are available for all grades of gasoline, making the site the most current and complete public source of fuel price information.


AAA’s Fuel Cost Calculator
In order to help Americans establish travel budgets while making vacation plans, AAA and Oil Price Information Service have combined to offer an online tool that will help travelers estimate the cost of gasoline they will use during long-distance driving vacations. The site can be found at www.fuelcostcalculator.com.


Indiana’s Gas Gouging Hotline
The Indiana attorney general established a gas gouging hotline early in 2004 for people who feel that local gas stations are charging unfair prices. That telephone number is (866) 241-9753.

15 Ways to Stretch
a Tank of Gas

One of the primary benefits of keeping a car properly maintained is maximizing fuel mileage. According to recent statistics, a neglected car can increase fuel consumption by 10 to 20 percent. Of course, individual driving habits also make a difference. The U.S. Department of Energy reports that practicing fuel efficient driving techniques can improve fuel mileage by more than 10 percent.

• Be sure your tires are properly inflated. Under inflated tires can cause fuel consumption to increase by 6 percent. Check your tires with a gauge regularly. Radial tires can be under inflated and still look normal.
• Keep your suspension and steering in proper alignment and make sure your brakes are properly adjusted to minimize rolling resistance.
• Change your motor oil as recommended by the vehicle manufacturer.
• Check and replace air filters. Clogged filters can cause up to a 10 percent increase in fuel consumption.
• Follow the recommended engine maintenance schedule in your owner’s manual to ensure optimal engine performance and to conserve fuel.
• Don't use premium fuel if your car doesn’t require it. The expense is not necessary.
• Observe the speed limit. As you drive faster, aerodynamic drag increases. As a result, at speeds above 55 mph, fuel economy decreases rapidly.
• Use your overdrive gears during highway driving. This decreases your car’s engine speed, reducing fuel consumption and engine wear.
• Take advantage of cruise control features to help you maintain a constant speed when traveling on highways.
• Avoid hard acceleration and drive defensively; try to brake and accelerate smoothly.
• Idling unnecessarily wastes fuel.
• Run errands with a plan. Try to make one trip instead of three.
• Take a load off your wheels. A vehicle weighed down with heavy items can increase fuel consumption by 1 or 2 percent.
• Travel light. A loaded roof rack can decrease fuel economy by 5 percent.
• If possible, take advantage of carpools or ride-share programs.

AAA

AAA Hoosier Motor Club is a fully tax-paying, not-for-profit corporation offering a wide range of member services. The 405,000-member affiliate of the American Automobile Association (AAA) works for the improvement of motoring and traveling conditions in the state of Indiana. AAA is the largest motoring and traveling organization in the world with more than 50 million members.

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