Tag Archives: fuel prices

Gas prices may finally be creeping up

Just when it seemed gas prices couldn’t get any lower … they didn’t

The price of gasoline has begun to edge up nationally and locally, according to AAA Fuel Gauge, which tracks such things.

The average price for a gallon of regular  in Kitsap was $2.014 per gallon Monday, up just a hair from a week ago when it was $1.995.

Filling up was still cheaper than a year ago, when the average price was $2.788.

Nationally, the average price of gas has been under $2 for most the year, but is now climbing.

AAA noted price swings are typical this time of year as refineries conduct maintenance. The association predicts generous supplies of gasoline and low crude oil cost will keep prices from climbing as high as in previous years.

2013-2016_Avg Gas Prices 2-29-16

At $2.03 per gallon, Washington is one of only four states in the country where the average price of gas is more than $2.

Thanksgiving road trips will be cheaper this year

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About 42 million Americans will hit the road for Thanksgiving this week, and those drivers will enjoy the cheapest gas prices in seven years.

According to AAA, Thanksgiving fuel prices will be at their lowest since 2008.

The nationwide average price for a gallon of gas was $2.10 on Friday. In Washington it was $2.49.

In Kitsap, the average price for a gallon of regular hovered around $2.45. That was 55 cents cheaper than on the same day a year ago (an 18 percent decline).

Diesel took an even more impressive dive in the past year dropping from $3.66 per gallon to $2.76 per gallon, a 25 percent drop.

With prices dropping steadily this month, AAA predicts the national per-gallon average will reach $2 before Christmas, a low not seen since 2009. The global petroleum supply continues to outpace demand, helping drive prices lower.

 

As for holiday travel, AAA forecasts a 46.9 million people will leave home for Thanksgiving this year, 300,000 more than last year. There will still  be fewer people traveling for Thanksgiving than before the economic recession (50.6 million in 2007 was the high).

The vast majority of holiday travelers — nearly 90 percent — will drive, but there’s also some good news for those who fly. Airfares will be 10 percent lower than a year ago. Passengers flying one of the 40 domestic routes will pay around $169 for a round trip.

You can see a slick AAA travel graphic here.

Larry Steagall photo