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Gas prices dip lower, an early present for travelers this holiday season: AAA

According to AAA, the average gas price in 10 states is below $2.90 per gallon. (iStock)

The national average for a gallon of gas is trending downward again, and drivers can expect to save money at the pump if oil prices remain low.

The average price of gasoline for the week ending Dec. 7 fell to $3.20, down 4 cents from the previous week, according to the latest statistics. report From AAA. The average price of a pump is 20 cents cheaper than a month ago and 15 cents cheaper than a year ago.

“Historically, oil prices have tended to fall by nearly 30% from late September to early winter, and gasoline prices have followed suit,” said AAA spokesman Andrew Gross. “Gasoline is less than $3 a gallon at more than half of all gas stations in the U.S., and the national average could be that low by the end of the year.”

West Texas Intermediate (WTI), the oil price benchmark, fell $2.94 to $69.38 at the close of trading Wednesday. Gas demand rose from 8.21 million barrels per day to 8.47 million barrels per day last week, according to new data from the Energy Information Administration (EIA).

AAA noted that oil prices fell on Wednesday due to market concerns that supply may continue to increase due to weak demand while prices decline through the remainder of 2023.

One way to reduce the cost of owning a car is to lower your monthly premiums by purchasing cheaper car insurance. Visit Credible to compare options without affecting your credit score.

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Overview of average gasoline prices in the United States

Those 10 states have seen the biggest declines in average gas prices since last week, according to AAA.

  • Colorado (-12 cents)
  • Utah (-11 cents)
  • Idaho (-11 cents)
  • California (-10 cents)
  • Florida (-10 cents)
  • Indiana (-10 cents)
  • New Mexico (-9 cents)
  • Arizona (-8 cents)
  • Kentucky (-8 cents)
  • Nevada (-8 cents)

Ten states have fuel costs below $2.90 per gallon. Here are the 10 most affordable markets in the country.

  • Texas ($2.68)
  • Mississippi ($2.72)
  • Oklahoma ($2.74)
  • Missouri ($2.75)
  • Louisiana ($2.75)
  • Arkansas ($2.78)
  • Kansas ($2.83)
  • Alabama ($2.84)
  • Tennessee ($2.85)
  • Iowa ($2.87)

If you want to reduce the cost of your car insurance, you can take steps to reduce the amount you pay for your car insurance. Marketplaces like Credible allow you to compare multiple providers and find personalized rates in minutes without affecting your credit score.

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3 inexpensive ways to prepare your car for winter

As the cold weather approaches, now is the perfect time to prepare your car for snow and ice. According to some information, in order to best prepare for winter roads, a driver can consider three budget-friendly approaches: report From Gas Buddy.

buy new accessories

We thoroughly inspect your vehicle inside and out to ensure all components are working properly and replace them if necessary. Start by checking and upgrading items like windshield wiper blades, ice scrapers, car batteries, and wiper fluid.

Make sure your tires are in good condition

When caring for your car, you need to choose tires that are suitable for the weather and have good tread. If you live in an area where snow continues to fall throughout the winter, consider investing in studless tires. Monitor your tire pressure and make sure your tires are properly inflated.

“Driving with improperly inflated tires is not only unsafe, it can reduce fuel efficiency and increase pump costs,” Gasbuddy said.

have the car inspected

Before you head out on your planned winter road trip, get your car thoroughly inspected.

A variety of factors can affect your auto insurance rates, from your credit score to your driving habits. Choosing the best provider is a proven way for drivers to reduce their auto insurance costs. Visit Credible to talk to a car insurance expert Please answer the questions.

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Have a finance-related question but don't know who to ask? Email it to your trusted money expert. Moneyexpert@credible.com Your questions may be answered in Credible's Money Expert column.

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