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Andrew Gross - High gas prices bring demand for fuel to record lows ahead of peak driving season - fox29.com - Usa - Los Angeles - state California - state Oklahoma - Ukraine
fox29.com
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High gas prices bring demand for fuel to record lows ahead of peak driving season
LOS ANGELES - Gas prices are so high that demand for fuel during peak driving season this summer is expected to slump, according to experts.According to data by the Energy Information Administration compiled by Bloomberg, demand for gas has hit its lowest level during this time since 2013, excluding the impacts of the ongoing COVID-19 pandemic. Overall, high gas prices have brought demand down by 5%.Gas prices have been hitting fresh records for the past 11 consecutive days amid the energy supply crunch in the U.S., according to the American Automobile Association (AAA), which noted that the stretch of record-high prices as the pump is "unprecedented."Speaking with Fox News Digital, Andrew Gross, the national spokesman for AAA Inc. revealed that drivers should expect elevated prices throughout the summer, especially if the war in Ukraine rages on.The national average for a gallon of gas was $4.59 last week, a slight increase from the day before and a new record high.Thursday’s record was 16 cents higher than the week before, nearly 50 cents higher than the month before and $1.55 more compared to the same time last year.All 50 states had a national retail price over $4 a gallon on Thursday, according to AAA, with Oklahoma offering the cheapest gas at $4.03 a gallon and California offering the most expensive gas with an average of $6.06.
Andrew Gross - More pain at the pump: Gas prices hit record highs again across Delaware Valley - fox29.com - state Pennsylvania - state New Jersey - state Delaware - city Philadelphia
fox29.com
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More pain at the pump: Gas prices hit record highs again across Delaware Valley
PHILADELPHIA - Drivers across the Delaware Valley just can't catch a break as gas prices surge again in Pennsylvania, New Jersey and Delaware.Gas prices have once again reached record-breaking highs in all three state, according to recent data from AAA.In Pennsylvania, the average price of gas stands at $4.50 a gallon; up 15 cents from last week and $1.42 from this time last year. Gas is even more expensive in Philadelphia, where prices have reach $4.64 a gallon.New Jersey drivers are experiencing an average of $4.47 a gallon, which is 12 cents more than last week and $1.45 more than last year.More of the same in Delaware, where gas prices are averaging $4.40 a gallon; a 16-cent increase from last week and $1.52 increase from last year.MORE HEADLINES:All three states top this week's national gas prices average of $4.32, making their way into the country's Top 10 states with the most price rises since last week."Two factors lead to pressure on pump prices, hitting drivers right in the wallet – rising domestic demand for gasoline and surging global crude oil prices," AAA spokesperson Andrew Gross told FOX Business.Last week, Philadelphia resident Joe Tovi told FOX 29 that the cost of filling up his car has become a serious expense.Advertisement"I gotta set aside some money for it then I guess if im going to be using my car," Tovi said.
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