Gas, Gas Prices | featured news

A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. Over the past three weeks, the price of oil has fallen by 9 percent to $89 a barrel.

Experts say prices should continue rising at least 5 cents a week until early April.

Gasoline prices at the pump have climbed every day for the past 21 days — and they’re not going to let up anytime soon. On Thursday, the average U.S. price for a gallon of regular gasoline stood at $3.555, making it the most expensive average ever for that day and the highest level since Oct. 26 of last year, according to AAA. See AAA’s Daily Fuel Gauge Report.

For the fourth straight day, California has a new record for gasoline prices, but the rise has apparently lost nearly all of its momentum.

Since June, gasoline prices have climbed more or less steadily and are now 35 cents per gallon higher than they were a year ago. According to AAA’s daily fuel gauge report, which measures gas prices around the country, gas prices have hit daily record highs at least once in each of the past six weeks. In Michigan and Ohio, prices rose by 50 cents per gallon in the past year. As of Oct. 1, there were seven states with gas prices above $4 per gallon.

Gasoline prices in California rose to another all-time high on Sunday after passing a four-year high a day earlier, according to AAA....

California's average gasoline prices rose 13 cents to $4.26 in the second quarter of 2012, a 3.1 percent increase compared to last year's second quarter average price of $4.13 according to the U.S. Energy Information Administration (EIA). Even as oil prices drop to some of its lowest levels at $88 per barrel.

The average U.S. price of a gallon of gasoline dipped by less than one penny - about a third of a cent - over the past two weeks....

Attaf Abu Ali, who drives a taxi van, had a hand-lettered sign on his vehicle Thursday that said: “Car for sale, with driver.” “I can’t live off of this,” Abu Ali said of his work, ticking off a list of operating expenses, the most onerous among them the rising price of diesel fuel.

Gas prices have jumped again nationwide, according to a survey published Sunday. he average price for a gallon of regular is now $3.76 -- up nearly seven cents from two weeks ago, the Lundberg Survey found.