Aaa monthly gas price report_ february 2014 trends and march outlook _ aaa newsroom

Gas Prices in February Post Largest Increase since Summer Driving Season

• Gas prices ended February with the largest increase since July with the national average rising about 17 cents per gallon (five percent) over the course of the month. Cost of gas for trip Today’s national average price of gas is $3.45 per gallon.

• “Strong winter storms and weak demand have helped to keep gas prices less expensive this winter, but many drivers recently have noticed that it is starting to cost more to full up,” said Avery Ash, AAA spokesman. Cost of gas per mile 2013 “We are entering the worst time of year for visiting the gas station as prices rise primarily due to seasonal refinery maintenance.”

• The national average has increased for 21 days in a row, which is the longest consecutive streak since last February. Cost of gallon of gas in canada Gas prices typically rise this time of year because many refineries cut production to conduct seasonal maintenance, which can limit gasoline supplies and cause market uncertainty.

Average gas cost per month uk This maintenance generally takes place between strong demand periods for heating oil in the winter and gasoline in the summer.

• Today’s national average is 33 cents per gallon less expensive than a year ago, which reflects the fact that prices peaked early in 2013 due to heavy refinery maintenance in January and February. Price per gallon of gas in texas Gas prices last year reached $3.79 per gallon on February 27, which was the earliest peak price on record. Aaa gas price trip calculator This year severe winter storms and a later refinery maintenance schedule likely will result in peak prices in March or April.

• Gas prices averaged $3.34 per gallon in February, which was the cheapest monthly national average since 2011. Fuel cost calculator canada trip By comparison, prices nationally averaged $3.65 in Feb. Average cost of gas heat per month 2013, $3.55 in Feb. Calculate gas cost per km 2012 and $3.17 in Feb. Cost savings gas vs electric dryer 2011.

• The price of domestic West Texas Intermediate crude oil has increased about $5.00 per barrel this month. Cost of gas 2015 Crude oil represents about two-thirds of the cost of gasoline, and producers generally pass along increased oil costs to consumers in the form of higher gas prices.

Gas Prices Likely to Peak at $3.55-$3.75 per Gallon in March or April

• AAA forecasts the national average price of gas will continue to rise before reaching a peak between $3.55-$3.75 per gallon in March or early April. Round trip fuel cost calculator Despite these potentially significant increases, AAA expects prices to remain less expensive than last year’s peak of $3.79 per gallon.

• “Buying gas in the spring can be a frustrating challenge because prices seem to be higher every time you get in the car,” continued Ash. Average monthly cost of natural gas heating “Yet even as prices inevitably rise, there is a good chance that most people should pay less than recent years to buy gas.”

• A relatively trouble-free refinery maintenance season and continued strong winter storms could result in prices remaining on the lower end of AAA’s prediction, while unexpected refinery problems, strong demand and higher oil costs could result in more expensive gas prices.

• AAA expects gas prices this year to be less expensive than in 2013 due to the fact that many refineries have increased capacity to take advantage of the recent boom in North American crude oil production. How much will it cost in gas for my trip The most recent data from the Energy Information Administration shows U.S. Cost of gas per barrel gasoline supplies at 230.6 million barrels, which is above the five-year average for this time of year.

• Gas prices in March may also rise because of the switchover to summer-blend gasoline. Estimated cost of gas for a trip While this process can take place at different times of year depending on local regulations, the majority of refineries and pipelines must switchover by April 1. Calculate gas cost by miles Summer-blend gasoline is less likely to evaporate and cause warm-weather air pollution such as smog, but it can increase costs by 5-15 cents per gallon.

• Gas prices on average decreased 15 cents per gallon in March 2013, but this was unusual and due to an early peak in prices. Fuel cost calculator india Gas prices in March have increased four out of the previous five years at an average of 11 cents per gallon.

• In 2012 the national average increased 56 cents per gallon over a 70 day period before peaking at $3.94 per gallon on April 5. Mileage calculator gas cost In 2011 national average increased 89 cents per gallon during a 94 day period before peaking at $3.98 per gallon on May 5.

Drivers in 49 States are Paying Less Expensive Gas Prices than a Year Ago

• Drivers in every state but Wyoming are paying less than a year ago for gasoline. Cost of gas furnace vs heat pump The five states with the highest average prices today include: Hawaii ($4.08), California ($3.84), Alaska ($3.77), Connecticut ($3.75) and New York ($3.74). Calculate fuel price for road trip The five states with the lowest average prices include: South Carolina ($3.17), Montana ($3.18), Alabama ($3.21), Mississippi ($3.22) and Tennessee ($3.22).

• The highest state average in the continental U.S. Route planner fuel cost a year ago was California at $4.24 per gallon, while the cheapest was Wyoming at $3.29 per gallon.

• Every state in the country is more expensive than a month ago due to recent refinery maintenance and increased crude oil costs. Price of natural gas per cubic feet The largest increases include: Michigan (39 cents), Indiana (34 cents), Ohio (34 cents), Colorado (33 cents) and South Dakota (27 cents).

• Less than one percent of all U.S. Approximate cost of gas for a trip stations are selling gas for less than $3.00 per gallon today, which compares to more than one in four stations selling below that price in November.

AAA updates fuel price averages daily at Calculate fuel cost mapquest Every day up to 120,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. Gas prices in new mexico 2014 All average retail prices in this report are for a gallon of regular, unleaded gasoline. Calculate gas cost u haul truck For more information, contact Michael Green at 202-942-2082, .

This is the official newsroom of AAA, a not-for-profit organization that provides its members with travel, insurance, financial and automotive services and information. Cost of gas road trip Since its founding in 1902, AAA has been a leader and advocate for the safety and security of all travelers.

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