Gasoline prices are almost unchanged from last week. (iStock)
According to sources, gas prices fell to an average of $3.07 per gallon over the weekend, but have since leveled out to an average of $3.10. AAA report.
This average price is just 1 cent higher than last week's average and 2 cents lower than last month. Gas prices remain stagnant, likely due to lower demand due to the winter season and a slight increase in oil prices, AAA said.
“It's like watching a dog play chess, nothing much is going on,” said AAA spokesman Andrew Gross. “The national average for gas is likely to remain glacially elevated for some time.”
Compared to this time a year ago, the national average gas price is down 38 cents per gallon, making it more affordable.
To save on another major auto expense, it might be time to check your auto insurance rates. Comparing multiple insurance quotes can save you hundreds of dollars a year. Visit Credible today to compare quotes for free.
Nearly 70% of Americans are reviewing their insurance policies for lower rates: The Trusted Choice
These states have the greatest fluctuations in gas prices.
Gas prices fluctuate more in some states than others. The following states saw the biggest changes in gas prices this week:
- Florida (+14 cents)
- Washington DC (+14 cents)
- Utah (-12 cents)
- Delaware (+10 cents)
- Idaho (-9 cents)
- Tennessee (+8 cents)
- Kentucky (-8 cents)
- Texas (+7 cents)
- Indiana (-7 cents)
- Arizona (+6 cents)
When it comes to more affordable markets, more rural states tend to have lower gas prices. These are the 10 more affordable states and their corresponding average gas prices.
- Missouri ($2.63)
- Utah ($2.63)
- Oklahoma ($2.65)
- Kansas ($2.66)
- Wyoming ($2.66)
- Arkansas ($2.67)
- Colorado ($2.68)
- Mississippi ($2.69)
- Texas ($2.75)
- Wisconsin ($2.76)
Not every state will save you money on gas, but if you haven't compared car insurance rates in a while, you could end up wasting your money. Credible lets you compare multiple interest rates and lenders with the click of a button.
Purchases of new cars are increasing, but insurance is also being affected.
Many Americans saw their insurance premiums go up last year, and they're likely to see them rise again in 2024.
Gasoline prices remain affordable compared to last year, but insurance premiums are rising nationwide. Almost 62% of Americans expect their auto insurance premiums to increase in 2023, Insurify found. research reported.
Among all the rising costs Americans face, auto insurance premiums are one of the most rapidly rising. Interest rate increases were 638% higher than average wage increases in 2023, according to research from Insurify. Last year, the average cost of full coverage insurance increased by more than $2,000 a year, and the state's minimum liability insurance increased by $1,154 a year.
And car insurance premiums are not expected to fall in 2024. Instead, drivers are likely to see an average increase of 12.6%, ValuePenguin reported. recent releases. This is a bigger increase than his 11.2% increase in rates that most drivers experienced last year.
Some drivers pay higher premiums depending on where they live. Certain states have higher rates of theft and natural disasters, resulting in higher insurance rates and, as a result, higher claims and payouts.
by Personal Injury Coverage (PIP) Coverage Requirements, Michigan drivers have the highest monthly premiums, paying an average of $386 per month. This is 134% higher than the national average rate.
Florida and Nevada are second and third behind Michigan. Florida drivers pay an average of $249 per month, while Nevada residents pay an average of $247 per month. This is 51% and 50% higher than the national average, respectively.
The most affordable state for drivers is Maine, with average premiums of $92 per month. New Hampshire is a close second, with premiums averaging $96 per month, according to Insurify's research.
Car insurance rates vary based on a variety of factors, including your credit, driving habits, and insurance company. You may be able to lower your car insurance premiums by shopping around with tools like Credible.
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