Tags: aaa | 3 gas | average | price

AAA: $3 Gas or Higher Has Been Average Price for 1,000 Days

Image: AAA: $3 Gas or Higher Has Been Average Price for 1,000 Days

Wednesday, 18 Sep 2013 11:15 AM

By Alexandra Ward

Tuesday marked the 1,000th consecutive day where the average price of gas in the U.S. stayed above $3 a gallon, according to AAA's daily tracking service.

The average price at the pump for a gallon of regular gasoline was $3.51 Tuesday, which was down a nickel from a week ago, AAA's Daily Fuel Gauge Report says.

Paying more than $3 a gallon has become a norm, experts say.

Urgent: Should Obamacare be Repealed? Vote Here Now

"Paying less than $3.00 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie," Bob Darbelnet, CEO of AAA, told USA Today. "The reality is that expensive gas is here to stay."

The current streak of above-$3 gas began Dec. 23, 2010. Gas prices first jumped above $3 after Hurricane Katrina in 2005. Last year was the most expensive one on record, with gas averaging $3.60 a gallon, AAA said.

Industry insiders say Americans can expect future prices to ebb and flow based on current events — such as the situation in Syria — though it's doubtful they will ever dip below $3 again.

"The market took a chill pill and is reacting as I would expect to the prospect of a peaceful resolution," Patrick DeHaan of the group-sourced gas price reporting site GasBuddy.com told USA Today. "I could see the national average in the very low $3 [a gallon range] by the time we're talking about last minute Christmas shopping."

The good news here is that while prices have stayed steadily above $3, they haven’t yet averaged more than $4. Gas did, however, cost an average of more than $3.75 for a 189-day stretch last year, the closest it's come to $4.

Urgent: Will Obamacare Hurt Your Wallet? Vote Here Now

Related stories:

Obama Ignored $5 Gas Warning

High Gas Prices — Is Obama to Blame?

Energy and Capital's Siegel: Gas Prices Won't Fall This Fall

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

The 2016 'Book Race': GOP Candidates Like Ben Carson, Huckabee Sell Like Hotcakes

Friday, 30 Jan 2015 20:50 PM

If potential Republican presidential candidates' recent book sales are a strong indication of their electability, then B . . .

Smoke on Boston Train Scares Passengers Who Bust Out Windows to Escape

Friday, 30 Jan 2015 19:37 PM

A commute on Boston's Red Line Thursday morning turned into chaos as smoke filled the train and passengers broke out win . . .

Seth Jackson Sentence: Foster Dad Gets 32 Months in Hot Car Death

Friday, 30 Jan 2015 18:50 PM

Kansas foster dad Seth Jackson was sentenced to 32 months in prison Friday for the July death of a 10-month-old girl who . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved