Posts Tagged ‘AAA Spokesperson’

Price Of Gasoline Reaches New 44-Month Low

October 20th, 2014 by admin

Michael Green Contact Tile(WASHINGTON, October 20, 2014) With oil prices sharply lower over the last several weeks, the national average pump price has followed suit and has now dropped on 25 consecutive days. This tumble has sent the national average to a low not seen since early 2011 and increased the likelihood that the national price at the pump could test the $3.00 per gallon mark for the first time since 2010.

Today’s national average price for regular unleaded gasoline is $3.10 per gallon, representing the lowest price since February 1, 2011. The national average has fallen by a dime since one week ago and is 25 cents less than both one month and one year ago. This year-over-year gap has reached its widest mark since March.

Drivers are savings an average of 60 cents per gallon compared to the 2014 high of $3.70 (April 28), and pump prices have tumbled 10 percent since Labor Day when the national average registered $3.44 per gallon. For every penny that the national average falls (were the lower price sustained over the course of a year) more than one billion dollars per year in additional consumer spending is estimated to be freed up.

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Motorists in 17 states now pay an average price below $3.00 per gallon. The nation’s 10 most expensive markets are composed primarily of states on the West Coast and in the Northeast led by: Hawaii ($4.08), Alaska ($3.80), California ($3.50) and New York ($3.45). On the other end of the spectrum, consumers in Missouri are paying $2.77 per gallon for regular unleaded gasoline, a low unseen in the state since 2010.

Compared to one week ago, the average price at the pump is down in 48 states and Washington, D.C. Motorists in 23 states and Washington, D.C. are saving a dime or more per gallon week-over-week with the largest discounts in Kentucky (-17 cents), Indiana (-16 cents) and Georgia (-14 cents). There are two states where the price has ticked upward over this same period: Ohio (+3 cents) and Michigan (fractions of a penny).

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The average price paid by drivers to refuel their vehicles is down in every state and Washington, D.C. both month-over-month and year-over-year. In comparison to this same date last month, consumers in every state and Washington, D.C. are saving 15 cents per gallon or more at the pump, and of this total there are 24 states where the price has fallen by a quarter or more per gallon. The Western states of Washington and Oregon (both down 40 cents) are registering the largest discounts over this period, followed by Kentucky and Colorado (down 39 cents). Year-over-year, 47 states and Washington D.C. are saving a dime or more per gallon at the pump and 25 states are registering discounts of a quarter or more led by Kentucky (-42 cents), Indiana (-40 cents) and Delaware (-36 cents).

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Geopolitical tensions in Iraq continue to be viewed by market watchers as posing a minimal threat to the region’s oil production. Sentiment for crude oil prices has remained bearish and it is speculated that the Organization of Petroleum Exporting Countries (OPEC) will continue to protect its market share by sustaining current levels of production rather than cutting output to increase the global price of oil. OPEC member countries are responsible for 40 percent of the world’s oil production and are scheduled to convene on November 27 in Vienna to discuss whether to sustain or reduce production. West Texas Intermediate (WTI) closed out last week by settling up a nickel at $82.75 per barrel at the close of formal trading on the NYMEX. WTI was trading slightly lower to open the day today.

Michael Green Contact Tile

AAA Foundation Research Suggests States Could Reduce Crashes by Extending GDL Requirements

WASHINGTON (Oct. 20, 2014) – Experience behind the wheel may matter more than age when it comes to the safety of young-adult drivers, according to two new studies by the AAA Foundation for Traffic Safety. These results suggest that states could reduce road crashes, fatalities and injuries by extending graduated driver licensing (GDL) laws to novice drivers beyond age 17. AAA is promoting this research as part of National Teen Driver Safety Week, which takes place from Oct. 19-25.

Additional Resources

Graduated driver licensing laws are designed to help new drivers gain practical experience in a relatively safe environment by initially restricting their exposure to risky situations, such as driving at night or with young passengers. The law then gradually phases in more privileges as new drivers gain more experience.

“Turning 18 does not instantly make someone a safer driver,” said Peter Kissinger, President and CEO of the AAA Foundation for Traffic Safety. “This new research clearly demonstrates how important experience is to safe driving and suggests that graduated driver licensing laws may be beneficial for people that begin driving at an older age.”

The findings are based on two studies that examined crash rates of new drivers. The first study looked at crash rates in both California and North Carolina, which are two states that allow driving at age 16 and have no GDL requirements for new drivers ages 18 or older. While new drivers licensed at older ages tended to be less likely to crash during their first months and years of driving than younger beginners, the research revealed an important exception: new drivers licensed at age 18 were more likely to be involved in a crash resulting in injuries during their first year of solo driving than new drivers licensed at any other age.

The second study examined crash rates in New Jersey, which has a minimum age of 17 for unsupervised driving and is the only state in the country to have a comprehensive GDL program for all new drivers up to age 21. In New Jersey, while crash rates of new drivers licensed at different ages largely converged after six months of solo driving experience, older beginners had lower crash rates overall and lower rates of injury crashes than younger beginners.

Although the data did not allow researchers to directly investigate whether these differences were caused by GDL provisions, collectively, the results of the two studies suggest that applying GDL to all new drivers, or at least to some new drivers older than 17, might have a protective effect and improve safety.

“Graduated driver licensing can greatly reduce crashes, injuries and deaths for everyone on the road,” said Jennifer Ryan, AAA director of state relations. “These laws set the parameters to help ease the transition behind the wheel during the learning to drive process.”

Graduated driver licensing programs have reduced 16- and 17-year-old driver crashes, but generally do not apply to new drivers ages 18 and older. Prior AAA Foundation research found that an estimated 36 percent of new drivers miss out on the protections of GDL by delaying licensure until age 18 or older. AAA is not calling for states to extend GDL provisions just yet, but does believe the research results are very promising in terms of pinpointing a way to keep these drivers safe. The AAA Foundation is planning to dive deeper into this area of research in the coming year.

Motor vehicle crashes are the leading cause of death for U.S. teenagers, and drivers ages 18-20 were involved in more than 800,000 crashes in the United States in 2012. Parents and teens can learn more about teen driver issues and GDL requirements in their state by visiting AAA’s Keys2Drive website.

Established by AAA in 1947, the AAA Foundation for Traffic Safety is a 501(c)(3) not-for-profit, publicly-supported charitable educational and research organization. Dedicated to saving lives and reducing injuries on our roads, the Foundation’s mission is to prevent crashes and save lives through research and education about traffic safety. The Foundation has funded over 200 research projects designed to discover the causes of traffic crashes, prevent them and minimize injuries when they do occur. Visit www.aaafoundation.org for more information on this and other research.

As North America’s largest motoring and leisure travel organization, AAA provides more than 54 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 Fall Nine Cents in One Week

October 13th, 2014 by admin

Michael Green Contact Tile(WASHINGTON, October 13, 2014) The national average price for regular unleaded gasoline has fallen for 18 straight days, reaching today’s price of $3.20 per gallon. This price represents a new 2014 low and is the lowest average for the Columbus Day holiday since 2010 when gas averaged $2.81 per gallon. Today’s average price is nine cents less than one week ago, 20 cents less than one month ago and 15 cents less than one year ago.

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Drivers in six states are paying an average price below three dollars per gallon to refuel their vehicles with eight additional states posting prices within a nickel of this mark. Motorists in Missouri saw the average price fall below the $3.00 threshold this past Tuesday, and for the second week in a row are paying the nation’s lowest average price per gallon ($2.90).  Although the average price in Hawaii has fallen by four cents over the past seven days, it continues to lead the market with an average retail price above $4.00 per gallon ($4.13). Californians still pay the highest average ($3.60) in the continental U.S. followed by New Yorkers and Oregonians who are both paying $3.52 per gallon.

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The average price is down in every state and Washington, D.C. in both week-over-week and month-over-month comparisons. Week-over-week the retail price has dropped by a dime or more in 13 states with drivers in the Midwestern states of Minnesota (-16 cents), Michigan (-15 cents) and Kentucky (-14 cents) saving the most per gallon. Motorists in 46 states and Washington, D.C. are saving a nickel or more over this same period.  Even larger drops in the price at the pump are reflected over the past month. Michigan (-40 cents), Delaware (-35 cents), Washington (-33 cents) and Oregon (-32 cents) are registering the largest discounts in price over this period, followed by 10 other states where the average price is down by a quarter or more. State averages have fallen by a dime or more in every state but Florida, where prices have fallen only nine cents.

Year-over-year the average price for retail gas is lower in every state but Alaska (where prices are up less than a penny), and consumers in 48 states and Washington, D.C. are saving a nickel or more per gallon. The price has dropped by a dime or more in 38 states with consumers in Michigan (-30 cents), Minnesota (-30), Ohio (-27 cents) and Delaware (-25) saving a quarter or more per gallon to refuel their vehicles.

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Low demand combined with abundant supply has kept downward pressure on global oil prices. The impact of falling prices is currently front of mind for many in the market, and attention is now focused on whether the Organization of Petroleum Exporting Countries (OPEC) will alter production in order to influence prices higher. OPEC members are scheduled to meet at the end of November and will reportedly not hold an emergency meeting before then based on current prices, which has supported the bearish sentiment for crude oil. Additionally, while violence continues in Iraq, market watchers still assess the threat to oil production to be relatively limited. West Texas Intermediate (WTI) crude oil settled eight cents lower at $85.74 per barrel at the close of formal trading on the NYMEX. This is fifth consecutive settlement below $90 per barrel and the lowest price since December 2012.

Gas Prices Near 2014 Low

October 6th, 2014 by admin

Michael Green Contact Tile(WASHINGTON, October 6, 2014) The national average price for regular unleaded gasoline is $3.29 per gallon. This price is the least expensive daily average since February 9, it is just two cents above the low for 2014 ($3.27 on February 7), and it is the lowest price for this calendar day since 2010 ($2.75). Today’s average is a nickel less than one week ago, 15 cents less than one month ago, and six cents less than one year ago. The national average has fallen for each of the past 11 days and could drop as low as $3.10-$3.20 per gallon before the end of the year.

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For the fourth consecutive week, Hawaii ($4.17) remains the only state with an average price above four dollars per gallon. The western United States continues to lead the market posting the highest prices per gallon, with Alaska ($3.89), California ($3.68), Oregon ($3.63), and Washington ($3.62) following Hawaii as the nation’s most expensive markets. As the national average continues to decline, a few states are registering averages approaching the three dollar mark. Drivers in Missouri are paying the lowest average per gallon ($3.01), followed by South Carolina ($3.06) and Mississippi ($3.07).  No state has registered a daily average of less than $3.00 per gallon since January 23 when Missouri was last below this threshold. Given relatively inexpensive crude prices, adequate supplies and cheaper winter-blend fuel, and barring any unexpected market-moving news, drivers in as many as 20 states could enjoy an average price of less than three dollars per gallon before the end of the year.

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After operating at reduced rates for two weeks, ExxonMobil successfully restarted a crude distillation unit over the weekend at its Torrance, California refinery. The unit was initially down due to an issue with the heater, and earlier attempts to restart the unit were delayed due to a leak on process equipment. Refinery issues were also resolved in the Gulf Coast where two refineries returned to service, after the combination of planned and unplanned maintenance to the fluid catalytic cracking (FCC) unit challenged operations. This caused motor gasoline production in the region to slow to its lowest level in over a year, however with supply returning to normal levels motorists near the Gulf Coast should see pump prices point lower again.

Week-over-week, the average price for retail gasoline is down in 48 states and Washington, D.C. Drivers in 19 states are saving a nickel or more per gallon over this same period, with consumers in the Midwest experiencing the largest savings: Michigan (-14 cents), Ohio (-12 cents) and Indiana (-12 cents). On the other side of this trend, the retail average is up in Louisiana (+2 cents) and Florida (fractions of a penny) over the past seven days.

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On the whole, motorists continue to pay less per gallon to refuel their vehicles. Month-over-month the average price has fallen in every state and Washington, D.C., led by the Midwestern states of Indiana (-37 cents), Michigan (-37 cents) and Ohio (-28 cents). Although the magnitude of monthly savings per gallon does vary from state to state, consumers in 41 states are saving a dime or more per gallon at the pump.

Year-over-year the average price is down in 45 states and Washington, D.C. Eighteen states are registering savings of a dime or more per gallon, with motorists in California  (-18 cents), Rhode Island (-17 cents) and Connecticut (-17 cents) experiencing the largest savings at the pump. Of the five states where the price has increased in comparison to this date last year, Georgia (+5 cents) is the only state where the increment is more than fractions of a penny.

Global oil prices have continued to slide as supplies have outpaced demand and markets remain relatively unmoved by geopolitical tensions in the Middle East, Europe and Africa. WTI did settle 60 cents higher at $90.34 per barrel at the close of today’s formal trading on the NYMEX, but remains near the low-price for the year. On Friday, for the first time in 17 months, West Texas Intermediate (WTI) settled below $90 per barrel, breaking a streak of 365 consecutive settlements above this threshold.

Gas Prices to Keep Dropping in October

September 30th, 2014 by admin

Michael Green

 

 

 

 

 

Consumers Paid the Cheapest September Gas Prices in Four Years

  • Drivers paid the lowest September gas prices since 2010 with the monthly average at $3.39 per gallon, which was about 13 cents less than last year and 44 cents less expensive than 2012.
  • “American drivers will have a bit more money to spend or use on savings as gas prices continue to fall,” said Avery Ash, AAA spokesman. “It is a nice relief for most of us to pay a little less than in recent years to fill up at the gas station.”
  • Gas prices have declined about ten cents per gallon since the beginning of the month with the daily average falling 24 out of 30 days in September. This is the fourth consecutive year that gas prices have fallen in September. Gas prices have dropped 35 cents per gallon since June 28 despite a busy travel season and conflict in the Middle East.
  • Gas prices generally have been less expensive than in recent years due to the dramatic boom in North American petroleum production. U.S. refineries have taken advantage of increased crude oil supplies to make more gasoline. In addition, increased domestic production has helped insulate U.S. consumers from conflicts and instability overseas.
  • Gas prices typically decline in September as the busy driving season ends and because many stations begin selling less costly winter-blend gasoline on September 16. As the weather grows cooler, summer-blend gasoline is no longer required in most areas to prevent gasoline evaporation and air-quality issues.
  • For the second year in a row, consumers caught a break in September with no Atlantic hurricanes striking the U.S. coastline. September is the peak period for the Atlantic hurricane season, and hurricanes can cause gas prices to rise significantly by disrupting refineries, pipelines and oil production.

 

U.S. Gas Stations Increasingly Selling Gas for Less than $3.00 Per Gallon

  • Gas stations selling gas for less than $3.00 per gallon are growing increasingly common in some parts of the country. Already, consumers can find at least one station selling gas for $3.00 or less in 26 states. Nearly four percent of U.S. stations are selling gas for $3.00 or less today, and this number should increase significantly over the next couple of months.
  • “Gas prices could fall another 20 cents per gallon by the time families load up the car for Thanksgiving,” continued Ash.  “If everything goes smoothly, buying gas for less than $3.00 per gallon should be refreshingly common in many parts of the country this winter.”
  • AAA expects the national average price of gas could drop to $3.10 – $3.20 per gallon before the year ends, which could be the closest that the national average has come to $3.00 since 2010. Last year, the national average reached a low of $3.18 per gallon on Nov. 12.
  • Fifteen states have average gas prices below $3.25 per gallon today, and many of these states could see average gas prices drop below $3.00 per gallon before the year ends. The lowest gas prices today are primarily in the Southeast and Central United States, which are regions that typically have lower gas taxes, access to domestic crude oil and abundant refinery capacity.
  • Oklahoma has the most stations with gas prices under $3.00 today with nearly 3 in 10 stations statewide selling gas for under that price. In fact, the most common price in Oklahoma today is $2.989 per gallon. The next two states with the most stations below $3.00 per gallon are South Carolina and Missouri where nearly 1 in 5 stations are below that price.
  • Gas prices typically decline from September through early winter due to declining demand as people drive less during colder months. While gas prices will not fall every day over that period, drivers should pay significantly lower prices in December than they are paying today.
  • It is possible that gas prices may remain relatively flat over the next week or two due to relatively heavy refinery maintenance. Seasonal maintenance can reduce refinery production and lead to tighter gasoline supplies. Refineries should complete most of this seasonal maintenance by the middle of October.
  • The average price of gas in October has declined three consecutive years by an average of 13 cents per gallon. Gas prices averaged $3.49 per gallon in October during the previous three years.
  • The peak period for Atlantic hurricanes has passed, but it is still possible for a late-season hurricane to disrupt production before the year is over. In late October 2012 for example, Hurricane Sandy struck the Northeast, which caused gas prices to rise significantly in New York, New Jersey and Connecticut. In New York City and Long Island, average gas prices climbed above $4.15 per gallon.

 

Daily Average Price of Gas Drops to a Seven-Month Low

  • The national average price of gas has fallen to $3.33 per gallon, which is the least expensive daily average since February 13, 2014.
  • Today’s average is the lowest for the final day of September in four years and about seven cents per gallon less expensive than a year ago.
  • The five states with the highest average prices today include: Hawaii ($4.20), Alaska ($3.92), California ($3.70), Washington ($3.69) and Oregon ($3.69). The five states with the lowest gas prices today include: Missouri ($3.09), South Carolina ($3.09), Mississippi ($3.10), Tennessee ($3.12) and Virginia ($3.13).

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

Heather HunterAAA supports calls for higher penalties, increased transparency and more stringent oversight

Washington, D.C., (September 16, 2014) – AAA released the following statement in response to today’s Senate Commerce Committee hearing that focused on the vehicle safety recall process and the committee’s broader oversight of the National Highway Traffic Safety Administration (NHTSA).

“There is plenty of blame to go around with both failures by automakers and missteps by regulators at NHTSA which failed to protect the public as evidence mounted of potential dangers in many GM vehicles,” said AAA Chief Operating Officer Marshall L. Doney. “The time for finger pointing has passed, and now we must focus on ensuring that a problem of this magnitude never again threatens road safety.”

“Congress has for too long failed to fund NHTSA’s investigation department and the agency desperately needs those resources to fulfill its public mission,” continued Doney. “New funding for NHTSA must be tied to necessary reforms that ensure that tax dollars are spent on conducting effective investigations that identify critical safety defects before lives are lost.”

“NHTSA’s fines on automakers must fit the severity of violations that threaten road users, and AAA supports raising the limit on these fines immediately from $35 million to $300 million,” continued Doney. “Efforts by automakers to oppose this increase are disappointing and yet again puts profits before safety.”

As North America’s largest motoring and leisure travel organization, AAA provides more than 54 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.

Heather HunterLabor market improvements and positive consumer expectations drive 1.3 percent increase in holiday travelers

ORLANDO, Fla., (August 21, 2014) – AAA Travel projects 34.7 million Americans will journey 50 miles or more from home during the Labor Day holiday weekend, the highest volume for the holiday since 2008 and a 1.3 percent increase over 2013. Nearly 86 percent of travelers (29.7 million) will celebrate the holiday with a final road trip before summer comes to a close and children head back to school. The Labor Day holiday travel period is defined as Thursday, August 28 to Monday, September 1.

Highlights from 2014 Labor Day Travel Forecast include:

  • Historically, when Labor Day weekend begins in August, Americans have shown a higher tendency to travel.
  • Consumer spending has surpassed income growth, indicating that Americans are willing to take on debt to finance a vacation.
  • Automobile travel will increase by 1.4 percent this year, with 29.7 million travelers hitting the road.
  • Nearly eight percent of travelers (2.65 million) will travel by air, a one percent increase from last year.
  • Travelers will encounter airfares just two percent higher than last year and daily car rental costs that remain consistent at $51.
  • Hotel rates at AAA Two Diamond hotels are nine percent higher than last year and Three Diamond hotels are six percent more.

Additional Resources

“As the economy makes modest gains, more Americans are joining the labor force this year,” said AAA Chief Operating Officer Marshall L. Doney. “With Labor Day symbolizing the American workers’ contributions to the strength and prosperity of our country, it’s only fitting that millions are choosing to celebrate this positive direction with an all-American road trip.”

Consumer spending is continuing to rise in spite of stagnant income growth. In the third quarter of this year spending is expected to increase 3.8 percent year-over-year, while disposable personal income is only expected to increase 1.4 percent. Reliance on credit cards, rather than increasing income, is fueling holiday travel spending this year. While economic growth is slow, consumers are feeling more comfortable taking on debt.

“This year, Americans are more optimistic about their financial situation,” continued Doney.  “Consumer spending continues to outpace disposable income, indicating that Americans are comfortable using their credit cards to take one last summer vacation this year.”

Travelers likely to pay lower gas prices for Labor Day

Most U.S. consumers are paying the lowest gas prices for early August since 2010. AAA expects gas prices to have little impact on the number of people traveling for Labor Day, though lower prices could help make travel more affordable.  Barring a major development, such as a Gulf Coast hurricane, prices are likely to remain relatively low leading up to the holiday weekend compared to recent years, which will allow travelers to allocate more of their budgets towards travel expenses. The current price of gas is $3.44 compared to $3.59 on Labor Day last year. AAA provides the latest gas prices for the nation, states and metro areas at FuelGaugeReport.AAA.com.

Airfare and hotel costs rise, car rental fees flat

According to AAA’s Leisure Travel Index, hotel rates for AAA Three Diamond lodgings are expected to increase six percent from one year ago with travelers spending an average of $171 per night compared to $161 last year. The average hotel rate for AAA Two Diamond hotels has risen nine percent with an average cost of $125 per night.

Weekend daily car rental rates will average $51, the same as last year. Airfares have risen two percent with the average round-trip, discounted fare for the top 40 U.S. routes costing $219, up from $214 last year.

AAA offers digital travel planning resources

AAA’s digital tools for travel planning ‘on the go’ include eTourBook guides for tablets and smartphones, available free to members at AAA.com/ebooks. Choose from 101 top North American destinations including cities, like the award-winning Las Vegas title, regions, like Wine Country, and National Parks.

The free AAA Mobile app for iPhone, iPad and Android offers GPS navigation to help travelers map a route, find current gas prices and find discounts, book a hotel and access AAA roadside assistance. Members using the iPad version can access interactive Top Destinations travel guides for 10 popular cities. Travelers can learn more at AAA.com/mobile.

On AAA.com, travelers can find thousands of AAA Approved and Diamond Rated hotels and restaurants using AAA’s TripTik Travel Planner or the searchable Travel Guides at AAA.com/Travel. 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 the major holidays. AAA has been reporting on holiday travel trends for more than two decades. More information including an infographic for the AAA / IHS Global Insight 2014 Labor Day Travel Forecast can be found here.

As North America’s largest motoring and leisure travel organization, AAA provides more than 54 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.

AAA Reaction to GM Senate Commerce Hearing

July 17th, 2014 by Kerrie

Heather HunterORLANDO, Fla., (July 17, 2014) – “Today’s Senate Commerce hearing again sheds light on the unacceptable failure of GM executive management to adequately oversee and respond to early warning signals of potential vehicle safety problems. AAA acknowledges GM’s recent steps to transform its corporate culture by implementing new protocols and procedures intended to help prevent similar crises in the future. However, it is clear more must be done to restore public trust in the recall process, repair compromised vehicles and compensate motorists who have been impacted by GM’s failure to protect their safety. This includes a thorough examination of the existing regulatory structure, and putting in place any changes deemed necessary.”

“AAA continues to support efforts by Congress to raise the maximum fine that NHTSA can levy on automakers, along with legislation introduced by Senators Markey and Blumenthal calling for increased transparency in the recall process. These steps should be taken immediately, and Congress should further use its authority to identify additional ways to help ensure that a tragedy such as this is never allowed to occur again.”

SMichael Greentatement by Bob Darbelnet, President and CEO of AAA

(WASHINGTON, July 10, 2014) “Funding for America’s roads and bridges is once again in imminent danger of running out.  Both the House and Senate will act today on short-term plans to prop up the Highway Trust Fund, but it remains unclear whether either proposal will help meet the long-term needs of drivers.

“The only way that a short-term patch of the Highway Trust Fund is acceptable is if it buys Congress a few months to work on finalizing a bipartisan, long-term agreement later this year. Any proposal that allows this issue to be pushed into 2015 would kill the momentum to find a real funding solution. Renewing the debate next year under a new Congress would start us over at square one, making it nearly impossible to secure long-term transportation funding anytime soon.

“It’s time our leaders in Washington stop the hand-wringing and start taking real steps to shore up funding for the roads and bridges that we rely on every day.  Continuing to put off tough decisions about how to fund transportation will risk road safety and compromise our economic vitality.”

Michael Green(WASHINGTON, July 7, 2014) The national average price of gas has fallen for ten straight days, but remains the highest price for this calendar date since 2008.  Yesterday, for the first time since June 11, the national average price for regular unleaded gasoline reflected a month-over-month discount.  Today’s average is $3.65 per gallon. This price is two cents less than one week ago and fractions of a penny less than one month ago, but it remains 18 cents more than this date in 2013.

National Average Gas Price Comparison 2011-2014 July 7 2014

With Independence Day in the books, this year’s holiday registered the highest price since 2008 at $3.66.  This surpassed the price per gallon for the holiday from each of the previous five years: 2013 ($3.48); 2012 ($3.34); 2011 ($3.57); 2010 ($2.74); and 2009 ($2.62), but was still well below the all-time-high for the date of $4.10 in 2008.

The pump price in four states continues register above $4.00 per gallon: Hawaii ($4.33), Alaska ($4.22), California ($4.14) and Washington State ($4.01). While prices in all but three states (Idaho, Wyoming and Utah) are higher than the same date last year, prices in 38 states have dropped over the past week, led by a handful of Midwestern states: Michigan (-10 cents), Ohio (-7 cents), Missouri (-6 cents), Kentucky (-6 cents), Illinois   (-5 cents) and Minnesota (-4 cents).  Prices over the past two weeks have been more evenly split.  Prices in 23 states and Washington, DC have increased – led by Alaska (+7 cents), Utah (+6 cents) and Idaho (+5 cents) – while prices in 27 states have fallen – led by Ohio (-17 cents), Indiana (-12 cents) and Illinois (-12 cents). With high wholesale gasoline prices beginning to subside in many parts of the country, AAA expects pump prices for many US motorists to continue to tick lower over the coming week.

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Violence in Iraq continues to impact global oil prices, but as production in the south of the country remains unaffected, the fear of a disruption to supply has abated. Market watchers are keeping a close eye on the situation, but the risk premium that had pushed oil prices to 2014 highs has subsided in recent trading sessions. These elevated oil prices have meant stubbornly high pump prices for motorists, but as oil prices have eased retail gas prices have finally started to follow suit.

At the close of formal trading on the NYMEX, West Texas Intermediate (WTI) crude oil settled 53 cents lower at $103.53.

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