Posts Tagged ‘A A A’

Michael Green Contact Tile(WASHINGTON, July 6, 2015) Motorists paid the lowest price at the pump for Independence Day travel since 2010, saving 90 cents per gallon compared to the 2014 holiday. Today’s national average price for regular unleaded gasoline is $2.77 per gallon, down fractions of a penny versus one week ago. The national average price remained relatively steady over the past 30 days, despite regional fluctuations in price due to refinery issues, and today’s average represents an increase of one cent per gallon versus one month ago. Pump prices remain considerably discounted year-over-year, with drivers saving 89 cents per gallon compared to this same date last year.

2012-2015_Avg-Gas-Prices

During July 2014, averages fell on all but one day during the month, for a total drop of 16 cents per gallon. Despite the decline in recent weeks, the direction of pump prices in the near term is less than certain. Consumer demand for gasoline typically climbs during July and August, and the ability of supply to keep pace with growing demand can directly impact the price at the pump. Additionally, retail averages can also be impacted by Atlantic hurricanes or issues at refineries, both capable of limiting supply and putting upward pressure on prices for drivers. While these domestic factors could influence gas prices higher, the relatively low price of crude oil is expected to keep a ceiling on the price at the pump compared to recent years. AAA still expects drivers to pay averages below $3 per gallon for the rest of the year.

Pump prices west of the Rockies continue to lead the nation with the only state averages higher than $3 per gallon. For the second week in a row motorists in Alaska ($3.48) are paying the nation’s highest price for retail gasoline. The Last Frontier is followed by regional neighbors California ($3.44), Hawaii ($3.37), Nevada ($3.20) and Washington ($3.20) as the nation’s top five most expensive markets. South Carolina ($2.43) and Mississippi ($2.47) are posting the nation’s lowest averages, discounted by more than $1 per gallon from the market leader.

Top10-Highest-Average-Gas-Prices-7-6-15

Weekly price comparisons reflect drivers in 36 states and Washington, D.C. experiencing savings at the pump. Of the 14 states where the price has moved higher over this same period, 12 states are posting premiums of two cents per gallon or less. On the whole, the average price for retail gasoline has remained relatively stable, week-over-week, moving +/- 3 cents per gallon in the majority of states (47) and Washington, D.C. Three states located in the midcontinent region are outside of this trend: Ohio (-10 cents), Idaho (+7 cents) and Michigan (+6 cents) – the fluctuations in price are largely attributed to supply and demand remaining out of balance within the region following refinery issues in recent months.

Top10-Largest-Monthly-Increase-7-6-15

Despite the national average remaining relatively stable over the past 30 days, the lingering effects of regional refinery issues continue to be reflected in monthly price comparisons at the state level. The price has climbed higher in 37 states and Washington D.C. month-over-month, with the largest price movements in regions previously facing issues at major refineries. A total of seven states are posting double-digit increases over this period, led by Michigan (+22 cents), Idaho (+13 cents) and Washington (+13 cents). On the other end of the spectrum, prices are down in 13 states versus one month ago. Prices in California (-18 cents) and Nevada (-7 cents) have fallen by more than one nickel per gallon over this same period due to the earlier resolution of refinery issues in California.

Nationwide, drivers are enjoying significant discounts in the price for retail gasoline versus this same date last year. Consumers in Connecticut (-$1.04) and Washington D.C. (-$1.01) are saving more than $1 per gallon at the pump, and drivers in the vast majority of states (45 and Washington, D.C.) are posting yearly discounts of more than 75 cents per gallon.

International considerations remain front and center for oil prices, due to their potential to impact both global supply and nations’ demand for crude oil on the global market. Over the weekend Greece voted ‘no’ on a referendum over debt bailout terms, which is seen as the latest signal that the country could exit the Eurozone following its recent default on loans from the International Monetary Fund. This news puts substantial pressure on the value of the Euro and subsequently adds further strength to the U.S. dollar. A stronger U.S. dollar makes crude oil (priced in U.S. dollars) relatively more expensive for those holding other currencies, which lowers demand and pressures prices lower.

The NYMEX was closed last Friday in observance of the Independence Day holiday, and on Thursday West Texas Intermediate crude oil settled down three cents at $56.93 per barrel, reaching its lowest finish since April. Losses continued when markets reopened this morning, and prices were driven lower by the results of the Greek vote over the weekend. Shortly after the open this morning WTI had dropped $2.50 per barrel.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

Michael Green Contact Tile

 

 

 

 

 

(WASHINGTON, June 30, 2015)

Americans Have Saved $65 Billion on Gas During First Six Months of the Year

  • Lower prices have helped Americans save about $65 billion on gas so far this year, compared to the first six months of 2014, which is more than $530 for every U.S. household on average. Today’s national average price of gas is $2.77 per gallon, which is the lowest average for this date since 2010 and about 91 cents per gallon less than a year ago.
  • “It is much easier for a driver to take a summer road trip knowing that they have saved hundreds of dollars on gas so far this year,” said Avery Ash, AAA spokesman. “The gas savings should continue for the rest of the summer, which could help motivate millions of Americans to travel.”
  • AAA expects 41.9 million Americans will travel 50 miles or more for Independence Day, which is the highest total since 2007. About 35.5 million people will travel by car for the holiday. Most drivers should pay the lowest gas prices for Independence Day in at least five years.
  • S. gas prices have averaged $2.45 per gallon this year, which is the cheapest average for the first six months since 2009. During the first six months of 2014, gas prices averaged $3.52 per gallon.
  • Americans are driving more this year due to lower gas prices and a stronger economy. Gasoline demand for the first six months of the year is up about three percent compared to the same period in 2014, according to initial estimates by the Energy Information Administration. Summertime demand is even higher with the current four-week average about 4.5 percent higher than a year ago.
  • Gas prices averaged $2.78 per gallon in June, which was the lowest average for the month since 2010. By comparison, the average price of gas in June 2014 was $3.67 per gallon.
  • Gas prices remained relatively steady in June with the national average finishing the month only about three cents per gallon higher than at the beginning of the month. U.S. average gas prices are about 74 cents per gallon higher than the lows in late January.
  • Average U.S. prices reached a 2015 high of $2.80 per gallon on June 15. If this remains the highest average of the year, it would be the cheapest peak price since 2009.
  • The cost of West Texas Intermediate crude oil remained stable in June with the price settling within a relatively narrow range of $58.00-$61.26 per barrel, which has helped to prevent significant changes in the national average price of gasoline.
  • The average price of diesel is only eight cents per gallon more than gasoline today. The difference between gasoline and diesel reached its most narrow point since 2009 in June, due in part to a late peak in gas prices and seasonal factors that help reduce the cost of diesel in the summer. In January, the average price of diesel was 90 cents more expensive per gallon than gasoline.
  • Gasoline costs less than in recent years because of significantly lower crude oil costs. Crude oil remains about $50 per barrel cheaper than the highs reached in summer 2014.

 

Gas Prices May Drop this Month Due to Rising Production

  • The national average price of gas is likely to remain less than $3 per gallon this year, but there is considerable uncertainty regarding the future direction of prices. It is possible that gas prices this month will drop or at least remain relatively flat in the near term as gasoline production increases to take advantage of high profit margins. Oil prices similarly should remain near current levels given that domestic, commercial supplies are about 19 percent higher than a year ago. Nevertheless, factors such as strong summertime demand or other unexpected events could send gas prices higher.
  • “Drivers are hoping that history repeats last year’s dramatic selloff in gas prices during the second half of the summer,” continued Ash. “There is real possibility that gas prices will drop this month as millions of Americans hit the roads for their summer vacation.”
  • Fuel demand is likely to be a key factor in whether gas prices drop or increase this summer. July and August are generally the two months with the highest level of U.S. driving, which could affect supplies and prices. If gasoline stocks decline due to strong demand, it is likely that gas prices will rise. Demand generally drops significantly after Labor Day, which leads to lower gas prices in the fall.
  • There are a number of unexpected factors that could send summertime gas prices even higher than today, such as increased fighting in the Middle East, unexpected problems at major refineries or strong Atlantic hurricanes that disrupt refinery production.
  • Two international events taking place this week could help lower petroleum prices this year. First, negotiators are working on an Iranian nuclear deal, which could lead to abundant supplies of Iranian crude oil entering the markets later this autumn. Second, the effects of Greece defaulting on its debts could weaken the global economy and reduce fuel demand. Similarly, problems in Europe could lead to a stronger dollar, which generally results in lower oil prices.
  • It can be relatively common for gas prices to increase in July as more Americans take long, summer road trips. For example, gas prices increased by an average of 16 cents per gallon during the month from 2011-2013.
  • Average U.S. gas prices in July 2014 dropped for 30 out of 31 days for a total of 16 cents per gallon, due to abundant petroleum supplies worldwide. This decline was the start of an eventual $1.65 per gallon drop through January.

 

Alaska Tops Most Expensive States for Gas for the First Time Since 2011

  • Alaska because the most expensive state for gas in the country on June 27 for the first time since 2011. The five most expensive state averages include: Alaska ($3.48), California ($3.44), Hawaii ($3.38), Washington ($3.20) and Nevada ($3.19).
  • The states with the lowest average gas prices include South Carolina ($2.44), Mississippi ($2.48), Alabama ($2.50), Arkansas ($2.50) and Tennessee ($2.54).
  • About 13 percent of U.S. stations are still selling gas for more than $3 per gallon. A year ago, 99.99 percent of stations were selling gas above that price. About 15 percent of U.S. stations are still selling gas for less than $2.50 per gallon, which is about half as many as a month ago.
  • The most common price in the country today is $2.599 per gallon, which compares to $3.599 per gallon a year ago.

 

One-in-Three Americans Doubt Accuracy of Fuel Economy Ratings

  • A recent AAA survey found that 1-in-3 Americans do not believe the Environmental Protection Agency’s (EPA) new-vehicle window stickers accurately reflect real-world fuel economy.
  • AAA’s comprehensive analysis of fuel economy data submitted to the EPA’s website revealed that more than 80 percent of drivers reported fuel economy higher than the combined city and highway EPA mileage rating for their vehicle.
  • AAA independently tested three vehicles that were frequently reported as failing to achieve the EPA fuel economy and determined the EPA mileage ratings were accurate.
  • AAA concludes that driving behaviors, vehicle condition, driving environment and terrain are likely responsible for most deviations from EPA ratings that consumers experience.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

AAA updates fuel price averages daily at www.FuelGaugeReport.AAA.com. Every day up to 120,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

For more information, contact Michael Green at 202-942-2082, mgreen@national.aaa.com.

Gas Prices Ease Approaching July 4 Holiday

June 29th, 2015 by Amanda Shapiro

Michael Green Contact Tile(WASHINGTON, June 29, 2015) Despite rising prices over the past several months, drivers are poised to pay the lowest prices at the pump over the Fourth of July holiday weekend in at least five years. Today’s average price of $2.77 per gallon is down two cents versus one week ago and down three cents from the peak price to date for 2015, which was set on June 15. While pump prices are down on the week, they are up four cents per gallon month-over-month, largely due to regional refinery issues that put upward pressure on the national average over the last 30 days. Gas prices continue to reflect considerable yearly discounts with drivers saving an average of 90 cents per gallon versus this same date last year.

2012-2015_Avg Gas Prices

Pump prices often fall leading up to the Independence Day holiday. However, a seasonal decline in the national average this year has been offset by supply shortages due to localized refinery issues and global crude prices that have recovered from multi-year lows this spring.

Drivers in the Pacific Northwest are paying some of the nation’s highest prices for retail gasoline. After 16 consecutive weeks, Alaska ($3.47) has unseated California ($3.45) as the nation’s most expensive market for retail gasoline and is followed by regional neighbors – Hawaii ($3.37), Washington ($3.19) and Nevada ($3.19) – as the five most expensive markets. A total of seven states are registering averages above $3 per gallon. Consumers in South Carolina ($2.45) are paying the lowest averages at the pump.

Top10 Highest Average Gas Prices-6-29-15

State level gas prices have been relatively stable over the past week, moving by +/- 3 cents in 45 states and Washington, D.C. Drivers in 39 states are experiencing weekly savings in the price at the pump, led by Illinois (-7 cents), Delaware (-6 cents) and Minnesota (-6 cents). Pump prices are up in 11 states and Washington, D.C., with the largest increases in price seen in the Midwestern state of Ohio (+8 cents).

The majority of drivers (44 states and Washington, D.C.) are paying more at the pump than one month ago, primarily due to the lingering effects of localized refinery issues. Retail averages are up by double-digits in ten states, led by the Midwestern states of Michigan (+21 cents) and Ohio (+18). On the other end of the spectrum, monthly comparisons reflect discounts in the price of retail gasoline in six states. Prices on the West Coast are recovering from a string of refinery issues, and motorists in California (-26 cents) and Nevada (-11 cents) are finally experiencing some price relief as production returns to normal.

Top10 Largest Yearly Savings-6-29-15

Drivers nationwide are paying considerably less at the pump to refuel their vehicles compared to a year ago. Retail averages are discounted by more than $1 in three states: Kentucky (-$1.02), Connecticut (-$1.02) and Michigan (-$1.01), and motorists in 45 states and Washington D.C. are saving more than 75 cents per gallon year-over-year.

Concerns of oversupply continue to characterize the global oil market. The pending June 30 deadline for an Iranian nuclear deal could contribute further to the market’s oversupply if current sanctions are removed and Iranian oil returns to the global market. However, a string of attacks in France, Tunisia, and Kuwait have been closely watched for any impact on geopolitical instability in crude-producing regions in the Middle East and North Africa. Escalating tensions in these regions have the potential to cause supply disruptions, which could contribute to price volatility in the near term.

Market watchers are also paying close attention the European Union, where Greece may default on its debt obligations this week. This sets up a Greek referendum for this coming weekend on whether the country should accept a bailout deal offered by international creditors. This news sent global oil prices lower this morning on worries of reduced global demand and the potential for instability in global financial markets.

At the close of Friday’s formal trading on the NYMEX, WTI was down seven cents and settled at $59.63 per barrel.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

Julie Hall

2015 marks the most Independence Day travelers since 2007

ORLANDO, Fla. (June 25, 2015) – AAA projects 41.9 million Americans will journey 50 miles or more from home this Independence Day, the most since 2007 and a 0.7 percent increase from the 41.6 million people who traveled last year. The Independence Day holiday travel period is defined as Wednesday, July 1 to Sunday, July 5.

Additional Resources

“This Independence Day, more people will get in their cars, board airplanes, and take buses, trains and cruise ships to celebrate our nation’s freedom with friends and family,” said Marshall L. Doney, AAA President. “Students all across the nation are also celebrating freedom from homework, making this an ideal time for a family vacation. Independence Day is typically the busiest summer travel holiday for this reason, and more Americans are planning a holiday getaway than any year since 2007.”

Rising income, driven by a strong employment market, is prompting more Americans to take a holiday trip this year. Despite recent seasonal increases, gas prices remain well below year-ago levels, which has helped boost Americans’ disposable income.

“Although some consumers are using their recent savings on gas to pay down debt and save, overall, Americans are planning to travel in record numbers,” continued Doney. “Independence Day gas prices are expected to be the lowest in at least five years, a welcome sign for the 35.5 million people planning a holiday road trip.”

All-American road trips remain popular for Independence Day

Nearly 85 percent of travelers (35.5 million) will drive to their holiday destinations, an increase of 0.7 percent. Holiday air travel is expected to increase 1.5 percent to 3.21 million leisure travelers. Travel by other modes of transportation including cruises, trains and buses, will increase 0.5 percent this Independence Day, to 3.2 million.

Lowest Independence Day gas prices in at least five years expected

Despite recent seasonal increases in the price of gas, travelers continue to benefit from substantially lower prices compared to recent years. Most drivers will likely pay the lowest Independence Day gas prices in at least five years. Today’s national average price for a gallon of gasoline is $2.78, 88 cents less than the average price on Independence Day last year. Drivers can use the AAA Mobile app to find the lowest gas prices close to home and along the way to their holiday destinations. Travelers can also plan routes and fun stops for the whole family at AAA.com using AAA’s TripTik Travel Planner; members can save and share customized routes for use on a smartphone, tablet or with the AAA Mobile app.

AAA to rescue travelers stalled by a breakdown

AAA expects to rescue nearly 360,000 motorists at the roadside this Independence Day weekend, with the primary reasons being dead batteries, flat tires and lockouts. AAA recommends motorists inspect their vehicle and check the condition of their battery and tires before heading out on a holiday getaway. Members can download the AAA Mobile app, visit AAA.com or call 1-800-AAA-HELP to request roadside assistance when needed.

Holiday travel expenses on the rise

Travelers will encounter moderately higher lodging rates and airfares this Independence Day.  According to AAA’s Leisure Travel Index, the average nightly stay in a Two Diamond hotel is six percent higher this year at $145, while Three Diamond hotels will cost nine percent more, averaging $195. Average airfares for the top 40 domestic flight routes are six percent higher this Independence Day, climbing to $227.

Download the AAA Mobile app before an Independence Day getaway

Before setting out on an Independence Day getaway, download the free AAA Mobile app for iPhone, iPad and Android. Travelers can use the app to map a route, find current gas prices, access exclusive member discounts, make travel arrangements, request AAA roadside assistance and more. Learn more at AAA.com/mobile.

With the AAA Mobile app, travelers can find more than 58,000 AAA Approved and Diamond Rated hotels and restaurants via TripTik Travel Planner. Every AAA Approved establishment offers the assurance of acceptable cleanliness, comfort and hospitality, and ratings of One to Five Diamonds help travelers find the right match for amenities and services.

AAA’s projections are based on economic forecasting and research by IHS Global Insight. The Colorado-based business information provider teamed with AAA in 2009 to jointly analyze travel trends during major holidays. AAA has been reporting on holiday travel trends for more than two decades. The complete AAA/IHS Global Insight 2015 Independence Day Travel Forecast can be found here.

As North America’s largest motoring and leisure travel organization, AAA provides more than 55 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com. For more information about AAA Travel, visit AAA.com/Travel.

AAA Supports Bipartisan Transportation Bill

June 24th, 2015 by Amanda Shapiro

Michael Green Contact Tile(WASHINGTON, June 24, 2015) AAA has released the following statement by Kathleen Bower, vice president of public affairs and international relations:

“AAA applauds the Senate Environment and Public Works Committee for quickly moving their bipartisan transportation reauthorization bill. This legislation is essential to repairing and improving our nation’s transportation infrastructure for the tens of millions of drivers who rely on roads and bridges every day. It is now up to the Senate Commerce, Banking and Finance Committees to follow the EPW Committee’s lead and act swiftly on their portions of the bill so this legislation can move to the Senate floor for debate before the current extension expires on July 31.

“How to fund a long-term transportation bill continues to be the ‘$100 billion question’ for our leaders in Congress. AAA, along with a broad coalition of stakeholders, supports an increase to the federal gas tax as the most viable, effective and immediate solution, provided the additional funds are invested in transportation improvements that benefit motorists. We urge Chairman Hatch and Ranking Member Wyden to commit to a vote on this solution in addition to the other funding mechanisms that will be considered by their committee.”

AAA roadside assistance comes to Apple Watch

June 24th, 2015 by Amanda Shapiro

Yolanda CadeOrlando, Fla. (June 24, 2015) – AAA is proud to announce the launch of an Apple Watch version of Service Tracker for the CAA app. The app allows members to easily track the location of their assigned service vehicle in real time. Using GPS, Service Tracker allows members to have the convenience to know exactly when their service vehicle will arrive. Soon, a quick glance at your Apple Watch will do the same thing, becoming the first roadside assistance app configured for Apple Watch.

The Canadian Automobile Association (CAA) added Service Tracker to its Apple and Android smartphone apps in Ontario one year ago. Service Tracker for Apple Watch will roll out in Ontario in July 2015 and in other Canadian test markets beginning later this year. AAA members can also look forward to having access to the app as well. The Apple Watch App for Service Tracker will be available in U.S. test markets later this year. Meanwhile, the Service Tracker functionality is available now in select AAA markets.

“AAA understands the changing needs of our members and the role that emerging technology plays in our daily lives. This new Service Tracker function on Apple Watch delivers a state-of-the art digital version of roadside assistance that combines convenience with safety and security at the roadside,” said Marshall Doney, AAA President.

With the new Apple Watch functionality, members will get the peace of mind they’ve always had with AAA on their wrist, with the added benefit of knowing exactly when help will arrive.  AAA is using the latest technology to make member experiences even more seamless.

After making a service call using the AAA iPhone app, members will be able to automatically track the service vehicle to their location using the Apple Watch map display – including an ETA. Members can also choose to utilize its notifications function, which offer value-added benefits, such as special AAA Rewards offers or even a reminder to plug in your vehicle on a cold night.

The Apple Watch is proving to be Apple’s most successful product launch so far, with over seven million sold since it became available on April 24, 2015. AAA’s industry-leading roadside assistance continues to be available to members through regular web and 24/7 call center channels, allowing members access to AAA services any way they want

As North America’s largest motoring and leisure travel organization, AAA provides more than 55 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.

Average U.S. Gas Prices Holding Steady Near 2015 High

June 22nd, 2015 by Amanda Shapiro

Michael Green Contact Tile(WASHINGTON, June 22, 2015) After reaching a new high for 2015 last week ($2.80), the national average price for regular unleaded gasoline has dropped slightly to $2.79 per gallon. Today’s price is five cents higher than one month ago and remains significantly discounted from this time last year with drivers saving an average of 89 cents per gallon year-over-year.

2012-2015_Avg-Gas-Prices-2

Pump prices in recent days have stabilized or even dropped in many areas as refineries solve productions issues. For example, ExxonMobil’s refinery in Joliet, Ill. and PBF Energy’s refinery in Toledo, Ohio are reportedly operating at normal rates following recent malfunctions, which should further support the region’s gasoline supplies. Gasoline production typically increases this time of year in anticipation of summer demand, and high profit margins should incentivize refineries to produce more gasoline in the near future, which may help lower gas prices.

Drivers in California ($3.49) are paying the nation’s highest averages for retail gasoline, though prices have dropped significantly as refineries increase production and the supply situation in the region improves. The Golden State is joined by its regional neighbors: Alaska ($3.44), Hawaii ($3.36), Nevada ($3.21) and Washington ($3.18) as the nation’s top five most expensive markets for retail gasoline. A total of seven states are posting averages above $3 per gallon. Consumers in South Carolina ($2.48) are paying the lowest price at the pump, and are saving more than $1 per gallon compared to California.

Top10-Highest-Average-Gas-Prices-6-22-15

Retail averages were relatively stable week-over-week, moving by +/- 3 cents per gallon in 40 states and Washington, D.C. Motorists in 21 states are experiencing weekly savings at the pump, with the largest savings in the Midwest: Indiana (-15 cents), Ohio (-10 cents) and Michigan (-9 cents), largely due to refineries coming back online following production issues. On the other end of the spectrum, averages in 29 states and Washington D.C. climbed higher over this same period, although in a less dramatic fashion. The price is up by more than a nickel per gallon in four states: Washington (+8 cents), Oregon (+8 cents), Alaska (+6 cents) and Delaware (+6 cents).

Top10-Largest-Monthly-Increase-6-22-15

Motorists in the majority of states (45 and Washington, D.C.) are paying more than a month ago for gasoline. The average price per gallon is up by a nickel or more in 40 states and Washington, D.C. and by a dime more per gallon in 17 states and Washington, D.C. over this same period. Month-over-month, the largest increases in price have been in Montana (+19 cents), Alaska (+17 cents), North Dakota (+17 cents) and South Dakota (+13 cents). Outside of this trend, averages are down in five states versus one month ago. Consumers in California (-28 cents), Nevada (-10 cents) and Arizona (-6 cents) are saving the most per gallon.

Yearly price comparisons continue to reflect significant discounts for motorists nationwide. Four states are posting savings of $1 or more per gallon: Ohio (-$1.02), Kentucky (-$1.02), Connecticut (-$1.01) and Michigan (-$1.00). Drivers in a total of 45 states and Washington D.C. are saving more than 75 cents per gallon at the pumps.

Crude oil prices moved lower late last week due to a stronger U.S. dollar amid concerns about Greece’s financial instability. Eurozone leaders are continuing to negotiate in hopes of preventing a Greek default. A default or Greece’s exit from the Euro group would likely impact financial markets and could reduce global energy demand. The Organization of the Petroleum Exporting Countries (OPEC) reported its largest production levels since October 2012, and the U.S. also continues to produce at record levels. This means the global market is likely to remain oversupplied in the near term and any reductions in demand are expected to put downward pressure on price and exacerbate the current dynamic of oversupply.

At the close of Friday’s formal trading on the NYMEX, WTI was down 84 cents and settled at $59.61 per barrel.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

AAA Travel Lists Top Summer Vacation Destinations

June 18th, 2015 by Amanda Shapiro

Julie HallAmericans planning vacations to Europe, warm-weather destinations

Additional Resources

ORLANDO, Fla. (June 18, 2015) – This summer is an ideal time to travel to Europe as the U.S. dollar is nearly equal in value to the euro, helping travelers stretch their vacation budgets further. In addition to warm-weather destinations across the U.S. and Caribbean, European cities including Rome, Dublin and Paris are among AAA’s top vacation destinations this summer. According to the U.S. Office of Travel & Tourism Industries, the number of Americans traveling to Europe so far in 2015 has increased 2.4 percent over last year.

AAA’s top international summer destinations are:

  1. Cancun, Mexico
  2. Punta Cana, Dominican Republic
  3. London, England
  4. Rome, Italy
  5. Montego Bay, Jamaica
  6. Dublin, Ireland
  7. Paris, France
  8. Vancouver, British Columbia
  9. Nassau, Bahamas
  10. Edinburgh, Scotland

 

Domestic travelers are seeking sun destinations this summer, and many are planning vacations to Orlando and beaches throughout the U.S. AAA’s top domestic summer travel destinations, based on AAA.com hotel bookings, are:

  1. Orlando, Fla.
  2. Miami, Fla.
  3. Myrtle Beach, S.C.
  4. Honolulu, Hawaii
  5. Tampa, Fla.
  6. Fort Lauderdale, Fla.
  7. Los Angeles, Calif.
  8. South Padre Island, Tex.
  9. San Diego, Calif.
  10. Branson, Mo.

 

“Now is an excellent time for travelers to plan and book their dream vacations to Europe, as favorable exchange rates make popular European destinations more affordable than in recent years,” said Bill Sutherland, AAA Senior Vice President of Travel and Publishing. “After a harsh winter, Americans are also heading to warm weather destinations to enjoy the theme parks of Orlando and beach destinations across the U.S. and Caribbean.”

This summer, many travelers are choosing AAA Vacations for trips to Europe, as well as destinations across the world. This collection of specially designed cruises, guided tours and independent vacations feature unique, engaging travel experiences. Each itinerary is designed with the AAA member in mind and includes built-in value along with exclusive member benefits such as 24/7 Member Care and Best Price Guarantee. AAA Vacations can be booked at more than 1,000 AAA Travel offices.

To maximize a summer vacation, AAA recommends travelers seek the expert advice of a trusted travel advisor, who can provide personalized service and first-hand destination knowledge to create a memorable vacation experience. Also, download the AAA Mobile app for easy access to hotels and car rentals, maps and routing tools, trip planning resources from AAA travel experts, current gas prices, exclusive member discounts and more.

As North America’s largest motoring and leisure travel organization, AAA provides more than 55 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.

Erin SteppAAA analysis, test results reveal that drivers, not automakers, responsible for shortcomings

Additional Resources

ORLANDO, Fla. (June 17, 2015)  – A new AAA survey reveals that one-in-three Americans do not believe the U.S. Environmental Protection Agency’s (EPA) new vehicle window sticker accurately reflects the fuel economy they achieve when driving. To assess the accuracy of this perception, AAA performed an analysis of data collected on the EPA’s FuelEconomy.gov website, along with laboratory and real-world vehicle testing, and found that driver behaviors and environmental conditions, rather than vehicle shortcomings, are likely responsible for most fuel economy variances.

“For years, we’ve heard that drivers question whether the fuel economy rating for their vehicle is accurate,” said John Nielsen, AAA’s managing director, Automotive Engineering and Repair. “In the interest of our members, AAA aimed to address this issue with a multi-phase testing series designed to uncover the real reasons behind fuel economy variations.”

AAA engineers conducted a comprehensive analysis of 37,000 records submitted to the EPA, representing over 8,400 vehicle make, model and year combinations, to identify trends in real-world fuel economy.  Surprisingly, among the self-reported data, eight out of 10 drivers reported fuel economy that was higher than the combined city and highway EPA mileage rating for their vehicle. Additional findings include:

  • Owners of vehicles equipped with manual transmissions reported 17 percent higher fuel economy than EPA ratings.
  • Owners of diesel-fuel vehicles, including light trucks, reported 20 percent higher fuel economy than EPA ratings.
  • Truck owners with gasoline-fuel V-8 engines reported fuel economy five percent higher than EPA ratings, while owners of turbocharged V-6 engines reported fuel economy that was nine percent lower.
  • Owners of sedans with V-6 engines reported a nine percent higher fuel economy than EPA ratings, while owners of turbocharged four cylinder engines reported fuel economy that was four percent lower.
  • Minivan owners reported real-world fuel economy that was equal to or slightly lower than EPA ratings.

“The vast majority of drivers that submit their vehicle’s fuel economy to the EPA report mileage that beats the window sticker rating,” continued Nielsen. “Although self-reported data has limitations, it’s encouraging to see real-world fuel economy that more closely aligns with, or even exceeds, automaker promises.”

In conducting this analysis, AAA engineers identified a list of vehicles that were frequently reported as failing to achieve the EPA’s mileage rating. The majority of these vehicles, including the scrutinized Hyundai and Kia models, have since been retested and, in some cases, mileage ratings were revised.  AAA selected three additional vehicles – a 2014 full-size pickup truck, a 2014 large sedan and a 2012 medium sedan – for further testing.

In partnership with the Automobile Club of Southern California’s Automotive Research Center, AAA tested the vehicles independently to verify the fuel economy.  Over the course of several weeks, testing was conducted using a certified dynamometer and on the streets of Southern California.  Test results from of all three vehicles confirmed the EPA mileage rating was accurate, leaving AAA to conclude that driving behaviors, vehicle condition, driving environment and terrain are likely responsible for most deviations from EPA ratings that consumers experience.

“In addition to logging hundreds of miles in various driving environments, the research team put the vehicles through EPA-specified testing designed to mimic the real-world conditions, including city, highway and aggressive driving,” said Megan McKernan, manager of the Automobile Club of Southern California’s Automotive Research Center. “The findings indicate that while vehicles tested are capable of achieving the EPA rating, a driver’s real-world mileage will vary based on driving style.”

In the next phase of AAA’s fuel economy testing series, to be released in late 2015, researchers will measure the impact that specific driving behaviors, such as acceleration rates and idle time, have on an individual driver’s fuel economy. In the meantime, AAA recommends that drivers take a closer look at their driving habits to understand the role they play in the fuel efficiency of their vehicle.

“If you drive aggressively, with heavy acceleration, hard braking and driving at higher speeds, your fuel economy is going to suffer,” continued Nielsen. “Driving just five miles-per-hour above 50 is like paying an additional 19 cents per gallon for gasoline.”

To learn more about AAA’s vehicle testing series, designed to educate and inform AAA members, the automotive industry and the general public, visit NewsRoom.AAA.com. For daily gas price information and fuel cost estimates for road trips, visit FuelGaugeReport.AAA.com. To find the cheapest gas prices near you, download the AAA Mobile app at AAA.com/mobile.

As North America’s largest motoring and leisure travel organization, AAA provides more than 55 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.

Gas Prices Make Unexpected Jump

June 15th, 2015 by Amanda Shapiro

Michael Green Contact Tile(WASHINGTON, June 15, 2015) Pump prices have climbed higher during the previous week, even though many market experts continue to believe that gas prices are nearing a seasonal high due to the completion of seasonal refinery maintenance and abundant crude oil supplies.  The national average price for regular unleaded gasoline moved higher each of the past six days reaching today’s average of $2.80 per gallon. Today’s average price represents a new 2015 high, and the national average is five cents more than one week ago and 10 cents more than one month ago. Gas prices unexpectedly have jumped in many areas over the previous week due to a decline in gasoline stocks caused by high fuel demand and persistent refinery problems, which has limited gasoline production. Despite the rise in pump prices, drivers continue to experience significant year-over-year savings with today’s average price about 86 cents per gallon less than the same date last year.

2012-2015_Avg-Gas-Prices1

California ($3.53) is one of four states where motorists are experiencing weekly savings at the pump, yet it remains the nation’s most expensive market for retail gasoline. The Golden State is followed by Alaska ($3.37), Hawaii ($3.34) and Nevada ($3.23). A total of eight states are posting averages above $3 per gallon. The West Coast continues be the nation’s most expensive region for gasoline, but is closely followed by the Midwest, where  a drawdown in gasoline stocks and issues at regional refineries have combined to push prices dramatically higher.  Drivers in South Carolina ($2.49) and Mississippi ($2.52) are paying the lowest averages at the pump.

On the whole, pump prices are trending higher week-over-week. Averages have moved higher in 46 states and Washington, D.C. over this same period, and drivers in 19 states and Washington, D.C. are paying a nickel or more per gallon to refuel their vehicles. The largest jumps in price were in the Midwestern states of Indiana (+28 cents), Michigan (+25 cents) and Ohio (+13 cents). The only states with weekly declines include California (-8 cents), Nevada (-3 cents) and Arizona (-2 cents) and New Mexico (fractions of a penny).

Top10-Highest-Average-Gas-Prices-6-15-151

Monthly price comparisons also reflect higher averages for American drivers. Consumers in 47 states and Washington, D.C., are paying more at the pump, and the price is up by a nickel or more in 45 states and Washington, D.C. The states posting the most dramatic month-over-month increases in price include: Michigan (+33 cents), Illinois (+25 cents), Montana (+24 cents), Indiana (+21 cents) and Ohio (+21 cents). Drivers in a total of 34 states and Washington, D.C. are paying monthly premiums of a dime or more per gallon. The only three states where the price has moved lower over this same period are the Western states of California (-28 cents), Nevada (-6 cents) and Arizona (-4 cents).

Retail averages remain significantly discounted year-over-year, with the majority of drivers (45 states and Washington, D.C.) saving more than 75 cents per gallon. The largest discounts in the price at the pump are in Ohio (-$1.04), Hawaii (-$1.02) and Kentucky (-$1.01).

Top10-Largest-Weekly-Increase-6-15-151

Even though regional refinery issues have driven the recent increase in the national average for retail gasoline, the cost of crude oil remains the underlying factor in the price motorists pay at the pump. Market analysts continue to suggest that ample crude oil supply will outpace global demand and characterize oil markets in the near term. Saudi Arabia, the world’s leading crude exporter, is reportedly prepared to increase its production to meet strong demand, which likely would keep a ceiling on the price of crude. Domestic production also remains elevated and is expected to remain at or near current levels, despite the reduction in U.S. oil rig counts.

At the close of Friday’s formal trading on the NYMEX, WTI was down 81 cents and settled at $59.96 per barrel.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

Podcasts

B-Roll

YouTube Videos

AAA Senior Driver Expos

NewsRoom Video Gallery

Media: Find and Download AAA Videos and B Roll.