Cars
Rising Gas Prices Might Affect Large SUV Sales and Trade-In Values
As crude oil reached $91 a barrel on the New York Mercantile Exchange last week, U.S. gasoline prices started going up reaching an average value of $3.05 per gallon. That’s about half a dollar more than what Americans had to pay a year ago and the highest level since October 2008, according to the U.S. Department of Energy. Diesel prices have also increased to an average of $3.29 a gallon. If the trend continues, we might see owners of large SUVs going for more fuel-efficient crossover models and trade-in values could plummet as well.
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U.s. Energy Department Expects Average Fuel Price To Hit $3.55 In 2013
The U.S. Energy Department’s Information Administration said on Tuesday, February 12, that it expects regular-trade gasoline to average $3.55 a gallon in 2013 and $3.39 in 2014, up from last month’s estimate of $3.44 and $3.34 respectively....
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Average U.s. Gas Prices Drop Below 3$ A Gallon
Fortunately for us, as crude oil prices tumble down so do gas prices - or at least in the States. According to the American Automobile Association (AAA), for the first time since February 2008, the average price of regular unleaded gasoline fell under...
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Average U.s. Gas Prices Hit Record $4 A Gallon For The First Time
American drivers are paying an average of $4 a gallon of gasoline for the first time in U.S history as of this Sunday according to the motorist group AAA and the Oil Price Information Service. The national average price for a gallon of regular gas rose...
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Average U.s. Gas Prices Hit Record $3.50 A Gallon
Blame it partially to the rising crude oil prices (over $118 a barrel on April 22, 2008), but the AAA and Oil Price Information Service reported today that averages gasoline prices at filling stations across the U.S. hit a record $3.50 a gallon on Monday,...
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Usd Goes Up, Oil Goes Down: Barrel Drops Under $100
Normally this wouldn’t be an event to celebrate, but given that oil surged to a record near $112 a barrel last week, but the fact that today (Tuesday March 25, 2008), light sweet crude for May delivery fell $1.51 to $99.35 a barrel on the New York...
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