AAA Hoosier Motor Club Gas Gauge
(October 24, 2007)
National Gas
Prices
(self-serve
regular unleaded)
Today:
$2.822
Yesterday: $2.820
One Month Ago: $2.809
One Year Ago: $2.202
Indiana Gas
Prices
(self-serve
regular unleaded)
Today:
$2.777
Yesterday: $2.788
One Month Ago: $2.852
One Year Ago: $2.140
Marketplace Overview
After reaching $90 per barrel last week, the price of oil
retreated to near $85.50 yesterday.
The downward move came on the heels of a big sell-off in
global stock markets last Thursday and Friday which many
analysts attributed in part to the high oil price.
Regardless, escalated oil prices are now being reflected in
nationwide gas prices.
During the past week, the price of self-serve regular has
increased by more than 6 cents per gallon.
Over the last two months, however, gasoline prices have
remained relatively stable, primarily because gasoline
demand is traditionally lower in September and October and
U.S. refiners have been able to put some of their
operational problems behind them. This has allowed the
industry to build a larger inventory of available fuel.
This low-demand, excess inventory situation is not expected
to last, however, unless the U.S. economy dramatically slows
down during the upcoming holiday shopping and travel season.
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 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.
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.
Read other releases...
|
