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Page added on May 31, 2015

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Gas prices reach 2015 high

Gas prices reach 2015 high thumbnail

Families planning summer road trips can count on cheaper gas prices this year — almost a dollar less per gallon — even though pump prices have been on the rise in recent weeks.

The national average price of regular unleaded is $2.74 — 91 cents below last summer’s price, according to AAA Mid-Atlantic.

“We believe that gas prices will remain below three dollars this summer and that’s good news for motorists,” says John Townsend, a spokesman for AAA Mid-Atlantic.

Gas prices rise at the start of the summer driving season. This year is no exception; pump prices have risen almost daily through the month of May.

“The price of gas hit its highest price point of the year on Memorial Day,” Townsend says.

Prices have dropped back about a penny since then.

Lower crude oil prices have helped bring down gas prices to their lowest level since 2010.

Filling up a 20-gallon tank this summer will cost about 18 to 20 cents less than the price of last year’s fill up.

WTOP



15 Comments on "Gas prices reach 2015 high"

  1. Perk Earl on Sun, 31st May 2015 5:21 pm 

    “Filling up a 20-gallon tank this summer will cost about 18 to 20 cents less than the price of last year’s fill up.”

    Filling an entire 20 gallon fuel tank this Summer will only save 18-20 cents from this time last year?! Is the Author sure about that?

  2. hiruitnguyse on Sun, 31st May 2015 5:24 pm 

    x 20 =

  3. donn hewes on Sun, 31st May 2015 6:34 pm 

    18 – 20 dollars! dollars less than last year. I say we buy some chips1

  4. donn hewes on Sun, 31st May 2015 6:35 pm 

    18 – 20 dollars! dollars less than last year. I say we buy some chips!

  5. duane snyder on Sun, 31st May 2015 6:36 pm 

    that’s the reason it higher now then it was on memorial day

  6. rockman on Sun, 31st May 2015 6:45 pm 

    ““We believe that gas prices will remain below three dollars”. Thank Dog!

    Lower fuel prices = higher consumption = more oil reserves depleted = less oil = higher oil prices (eventually).

  7. Makati1 on Sun, 31st May 2015 7:04 pm 

    Lower prices does not mean higher consumption in the US today. Too many debts that need paid off before vacations are in the budget. I noticed the increase in prices during my 3 week visit to the States. Glad I don’t live there and need a car.

  8. Ted Wilson on Sun, 31st May 2015 8:12 pm 

    AAA is an agency of Big Oil and OPEC. They will praise the low gas prices.

    But they are hiding the fact that Ethanol consumption has increased drastically and any increase in gas prices will make the flex fuel drivers to move to E85.

    Lower oil prices has hit the shale players, but not the Ethanol companies. They are even exporting Ethanol to other countries.

  9. rockman on Sun, 31st May 2015 8:24 pm 

    “Lower prices does not mean higher consumption in the US today” Actually according to the EIA month over month US gasoline consumption has increased each month since Oct 2014. In fact from last Feb to March gasoline consumption increased 13%.

  10. GregT on Sun, 31st May 2015 8:40 pm 

    It’s Final — Corn Ethanol Is Of No Use

    OK, can we please stop pretending biofuel made from corn is helping the planet and the environment?

    The IPCC was quite diplomatic in its discussion, saying “Biofuels have direct, fuel‐cycle GHG emissions that are typically 30–90% lower than those for gasoline or diesel fuels. However, since for some biofuels indirect emissions—including from land use change—can lead to greater total emissions than when using petroleum products. The summary in the new report also states, “Increasing bioenergy crop cultivation poses risks to ecosystems and biodiversity

    The International Institute for Sustainable Development was not so diplomatic, and estimates that the CO2 and climate benefits from replacing petroleum fuels with biofuels like ethanol are basically zero.

    With more than 60 nations having biofuel mandates, the competition between ethanol and food has become a moral issue. Groups like Oxfam and the Environmental Working Group oppose biofuels because they push up food prices and disproportionately affect the poor.

    The United States will use over 130 billion gallons of gasoline this year, and over 50 billion gallons of diesel. On average, one bushel of corn can be used to produce just under three gallons of ethanol. If all of the present production of corn in the U.S. were converted into ethanol, it would only displace 25% of that 130 billion. But it would completely disrupt food supplies, livestock feed, and many poor economies in the Western Hemisphere because the U.S. produces 40% of the world’s corn.

    Additional unintended effects from the increase in ethanol production include the dramatic rise in land rents, the increase in natural gas and chemicals used for fertilizers, over-pumping of aquifers like the Ogallala that serve many mid-western states, clear-cutting forests to plant fuel crops, and the revival of destructive practices such as edge tillage. Edge tillage is planting right up to the edge of the field thereby removing protective bordering lands and increasing soil erosion, chemical runoff and other problems. It took us 40 years to end edge tillage in this country, and overnight ethanol brought it back with a vengeance.

    http://www.forbes.com/sites/jamesconca/2014/04/20/its-final-corn-ethanol-is-of-no-use/

  11. Northwest Resident on Mon, 1st Jun 2015 12:37 pm 

    One for The Glutster! Plant, please explain again why the Oil Glut is such a good thing? Your daily multi-touting the “Oil Glut” is such a monotonous routine, and doesn’t even begin to address the REAL issues, which are:

    http://www.zerohedge.com/news/2015-06-01/how-wall-street-helps-us-oil-producers-extend-and-pretend

  12. BobInget on Mon, 1st Jun 2015 7:07 pm 

    Thanks GregT, NW Resident, for publishing what most here already knew, ethanol is bullshit and Plant, insightful as cornstalk.

  13. Makati1 on Mon, 1st Jun 2015 8:26 pm 

    rockman, do you really believe EIA stats? With no reservations? I don’t. It is just another arm of the BAU crowd that would sell their mothers if they could see a profit in it.

    The US government is spinning their ‘facts’ so fast they are approaching Category 5 velocity. I believe none of them anymore. Most will be ‘adjusted’ closer to reality after enough time has passed that the sheeple will have forgotten about it.

    It’s easy to make a claim when you know few, if any, have the ability find the real numbers/facts.

  14. BobInget on Mon, 1st Jun 2015 9:31 pm 

    EIA stats are backed up by Platts, IEA and
    APA., NGO’s all. When mistakes are made,
    so are up-dates. Makati1 may complain all he wishes here, as no one reads this stuff.

    If we want a larger readership, we should try to show examples of intentional false reporting first before pulling the trigger.

    This might entail fact checking. How many find endless repetition of the same old
    ‘opinions’ boring ? Rather then name calling
    why not post one, two or three verifying links. I most always choose EIA not because it’s a government source but because America is the ONLY nation to report such detail weekly and monthly. The next time
    Makati1 , or anyone feels a discrepancy, make your feelings known. EIA answers within two business days.

  15. Kenz300 on Tue, 2nd Jun 2015 6:33 am 

    No more WARS for OIL………….

    It is time to end the oil monopoly on transportation fuel.

    Bring on the electric, flex-fuel, biofuel, biodiesel, CNG, LNG and hydrogen fueled vehicles.

    It is time to diversify away from OIL for transportation purposes. The more options people have the better.

    An even better option to to provide more safe bicycle and walking paths and encourage people to get out of their cars and on to a bicycle. It is better for the environment and better for your health.

    There also needs to be more mass transit options like trolleys running thru towns.

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