Gasoline prices rose just 2 cents this week, even as oil prices fell. (iStock)
Gasoline prices have gone up and down this week, but overall they were 2 cents higher on average. AAA said In our weekly gas price report.
The national average price for the week was $3.67 per gallon, 14 cents higher than this time last month and 8 cents higher than last year. This increase occurred despite weak demand growth and falling oil prices.
“From a demand standpoint, we went into a pre-Memorial Day funk,” said AAA spokesman Andrew Gross.
“Also, with oil prices falling to the low $70s, the price of a barrel of crude oil is nearly $10 lower than it was two weeks ago. Therefore, pump prices may remain somewhat flat for some time.”Gross he said.
Gas demand rose from 8.42 million barrels per day to 8.62 million barrels per day during the week, according to Energy Information Administration data.
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Southern states have the lowest gas costs.
Drivers in the South saved the most on gas. On average, they paid more than $1 per gallon less. There are several other statistics that point towards lower gas prices across the country. Here are the 10 cheapest markets.
- Mississippi ($3.12)
- Arkansas ($3.18)
- Oklahoma ($3.20)
- Kansas ($3.21)
- Louisiana ($3.22)
- Colorado ($3.23)
- Minnesota ($3.27)
- Missouri ($3.29)
- Alabama ($3.29)
- Texas ($3.29)
The West has generally had some of the highest gas prices, primarily because demand is more stable. The top 10 most expensive gas markets are:
- California ($5.37)
- Hawaii ($4.81)
- Washington ($4.69)
- Nevada ($4.56)
- Oregon ($4.49)
- Alaska ($4.39)
- Arizona ($4.03)
- Illinois ($3.94)
- Idaho ($3.91)
- Utah ($3.90)
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Vehicle sales for many automakers, especially electric vehicles, are increasing
Many automakers saw sales increase in April. Car prices are on a downward trend. Electric vehicles in particular are doing well, with sales numbers increasing significantly.
Toyota takes the lead, and another company double digit increase April sales increased for the sixth consecutive month. Increased hybrid deliveries contributed to Toyota’s success.
Toyota’s electric vehicle sales also showed a significant increase of 56%. The company sold 77,228 electric vehicles last month.
Honda also did well in April.Company’s Sales reached 106,000 units, an increase of 15.7% compared to the same period last year. It was also the third consecutive month that Honda’s sales exceeded 100,000 units.
Other automakers didn’t have such a strong month. Kia Motors sold 65,754 vehicles last month, down 3.6%. In April, the company’s sales decreased for the fifth consecutive month.
Ford and Hyundai had slightly lower sales compared to their competitors; Sales of electric and hybrid vehicles increase. Hyundai reported a 26% increase in EV sales and a 29% increase in hybrid sales. His three EVs from Ford totaled 129%, with sales of 8,019 units.
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