The price of gasoline has been steadily climbing at fuel stations across the U.S. and now hovers near $4 a gallon. This has led drivers to change their driving and buying habits.
Gas sales have fallen for five straight weeks, the first time that has happened since November, according to MasterCard SpendingPulse, which tracks spending at 140,000 service stations nationwide.
Meanwhile, AAA is reporting that gas prices in Washington State are averaging $3.88 a gallon. I just filled up the minivan this past weekend and it was a eye-popping $64.
But there are signs that prices may have reached their peak for the near future as crude oil has slipped from recent highs amid expectations of lower economic growth and an easing of tensions in Libya.
The decline in oil prices and the fact that drivers are changing their habits by driving less or buying more fuel efficient vehicles could help pull gas prices lower.
Have you changed your habits?
No comments:
Post a Comment