Road tripper fredericksberg drivers#

Slower than expected economic growth would likely lead to a decline in crude demand. Federal Reserve raised interest rates by 0.75 percent. Crude prices dropped last week amid broad market concern regarding the potential for economic growth to slow after the U.S. The nationвЂ™s top 10 least expensive markets: Georgia ($4.46), Mississippi ($4.47), Arkansas ($4.50), Louisiana ($4.51), South Carolina ($4.52), Alabama ($4.57), Tennessee ($4.58), North Carolina ($4.60), Oklahoma ($4.62) and Texas ($4.63).ДЄt the close of FridayвЂ™s formal trading session, WTI decreased by $8.03 to settle at $109.56.

The nationвЂ™s top 10 largest weekly decreases: Indiana (в€’10 cents), Florida (в€’9 cents), Wisconsin (в€’9 cents), South Carolina (в€’8 cents), Ohio (в€’8 cents), Maryland (в€’8 cents), New Jersey (в€’8 cents), Michigan (в€’7 cents), Kentucky (в€’7 cents) and North Carolina (в€’6 cents). TodayвЂ™s national average of $4.96 is 37 cents more than a month ago, and $1.89 more than a year ago.ДЄverage price per gallon of self-serve, regular gasoline. However, as crude oil prices remain volatile, the price per gallon for gasoline will likely remain elevated. The slight drop in gas demand has helped to limit pump price increases. Meanwhile, gasoline demand declined slightly from 9.2 million b/d to 9.09 million b/d.

Road tripper fredericksberg drivers#

And this is happening right before drivers gas up for what AAA forecasts will be a busy July 4th travel weekend.вЂќДЄccording to new data from the Energy Information Administration (EIA), total domestic gasoline stocks fell by 700,000 bbl to 217.5 million bbl last week.

вЂњThis dip, coupled with less costly oil, has taken some steam out of surging pump prices. вЂњThe recent high prices may have led to a small drop in domestic gasoline demand as fewer drivers fueled up last week,вЂќ said Morgan Dean, AAA Mid-Atlantic spokesperson. VirginiaвЂ™s average is $4.80, which is down six cents from the all-time high record set a week ago today, but up 34 cents from a month ago and up $1.87 from a year ago. As a result, the national average for a gallon of gas is $4.96, a nickel less than a week ago. The primary cause is the tumbling cost of oil, which fell from $122 to around $110 per barrel due to fears of a global recession and its associated economic slowdown.

RICHMOND, VA (VR) вЂ“ The national average for a gallon of gas fell below $5, bringing modest relief at the pump for beleaguered drivers.