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Media Contact

Greg Seiter
Public Affairs Manager
AAA Hoosier Motor Club
3750 Guion Road
Indianapolis, IN 46222

Phone: 317-923-1500 x392
Fax: 317-923-5991
gseiter@aaahoosier.com
AAA Hoosier Motor Club Gas Gauge
(May 21, 2008)

 

National Unleaded Retail Gas Price Averages

 

Regular

Mid

Premium

Diesel

E85

**E85 MPG/BTU adjusted price

Current Avg.

$3.807

$4.043

$4.188

$4.558

$3.169

$4.170

Yesterday Avg.

$3.800

$4.036

$4.181

$4.539

$3.170

$4.172

Month Ago Avg.

$3.503

$3.721

$3.854

$4.200

$2.894

$3.809

Year Ago Avg.

$3.209

$3.407

$3.531

$2.911

NA

NA

*Prices are in US dollars per gallon

**The BTU-adjusted price of E-85 is the nationwide average price of E-85 adjusted to reflect the lower energy content as expressed in British Thermal Units - and hence miles per gallon - available in a gallon of E-85 as compared to the same volume of conventional gasoline. The BTU-adjusted price calculated by OPIS and AAA is not an actual retail average price paid by consumers. It is calculated and displayed as part of AAA's Fuel Gauge Report because according to the Energy Information Administration E-85 delivers approximately 25 percent fewer BTUs by volume than conventional gasoline. Because "flexible fuel" vehicles can operate on conventional fuel and E-85,the BTU-adjusted price of E-85 is essential to understanding the cost implications of each fuel choice for consumers.

Highest Recorded Price:

Regular Unl.

$3.807

5/21/2008

DSL.

$4.558

5/21/2008

 

Indiana’s Unleaded Retail Gas Price Averages

 

Regular

Mid

Premium

Diesel

Current Avg.

$3.876

$4.170

$4.287

$4.584

Yesterday Avg.

$3.885

$4.180

$4.298

$4.573

Month Ago Avg.

$3.474

$3.737

$3.842

$4.191

Year Ago Avg.

$3.349

$3.603

$3.704

$2.846

Highest Recorded Price:

Regular Unl.

$3.926

5/16/2008

DSL.

$4.584

5/21/2008

 

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 are now surpassing the $130 per barrel mark for the first time and are being reflected in ongoing gas price increases at the pump as Americans are preparing for the Memorial Day holiday travel period.

AAA is predicting 37.87 million Americans will travel 50 miles or more from home this weekend—a .9 percent decrease (360,000 people)—from one year ago.

Industry experts estimate the cost of oil now represents approximately 75 percent of the cost of a gallon of gasoline.

What remains to be seen is to what extent consumers will respond to ongoing gas price increases by continuing to reduce their discretionary driving and fuel consumption. Inventories of gasoline in the United States are estimated to be at a 10-year high already and demand for gasoline in Europe also is lower.

Some relief at the pump could arrive over the next few weeks if the price of crude oil stabilizes or even drops back because we know that, historically speaking, the gasoline marketplace as a whole generally becomes more stable itself from one year to the next following Memorial Day and the conclusion of our nation’s summertime implementation of reformulated fuel in early June.


 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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