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Showing posts with the label national average

Gas price declines spell relief for many Labor Day drivers

Gas prices have now declined for 79 consecutive days amid falling global oil prices, sending the national average price per gallon to its lowest level since March. However, some cities and states continue to see prices above $4 per gallon, creating an uneven landscape for U.S. drivers heading into the busy Labor Day weekend. Data from AAA show the national average gas price now sits at $3.81 per gallon. That compares with $4.20 one month ago, though remains well above the year-ago price of $3.18. Prices across the West Coast sit substantially higher than the national average , with drivers in Los Angeles seeing the highest-recorded Labor Day gas prices ever, the Los Angeles Times reported, at $5.25 a gallon. Western states tend to have higher gas taxes, and are located further away from the fuel processing hubs in Oklahoma, Texas and Louisiana. Illinois, too, which has some of the highest gas taxes in the nation, is seeing prices nearly a dollar higher than last year's Labor Day...

Gas price declines spell relief for many Labor Day drivers

Gas prices have now declined for 79 consecutive days amid falling global oil prices, sending the national average price per gallon to its lowest level since March. However, some cities and states continue to see prices above $4 per gallon, creating an uneven landscape for U.S. drivers heading into the busy Labor Day weekend. Data from AAA show the national average gas price now sits at $3.81 per gallon. That compares with $4.20 one month ago, though remains well above the year-ago price of $3.18. Prices across the West Coast sit substantially higher than the national average , with drivers in Los Angeles seeing the highest-recorded Labor Day gas prices ever, the Los Angeles Times reported, at $5.25 a gallon. Western states tend to have higher gas taxes, and are located further away from the fuel processing hubs in Oklahoma, Texas and Louisiana. Illinois, too, which has some of the highest gas taxes in the nation, is seeing prices nearly a dollar higher than last year's Labor Day...

Data graphic: Track grocery price trends

Family grocery bills are on the rise with higher prices for most items, accentuated by significant increases in the cost of eggs, chicken, bacon and beef. But unless shoppers are taking notes, it can be hard to really see which items are seeing the biggest spikes. NBC News is monitoring the average point- of -sale prices and how much those prices have changed since July 2021 for six popular supermarket items: orange juice , eggs, chicken breasts , fresh ground beef, bacon and bread. Readers can use this interactive chart to see how the price they have paid for groceries differs from the national average or from the prices shoppers paid in other major metro areas. The goal is to track the impact of inflation on consumers’ wallets during the pandemic and as the economy reopens. The White House has said inflation is on the rise and here to stay. The NBC News grocery price tracker is one measure of the outcomes of President Joe Biden's economic policies for everyday people. The Federa...

U.S. gas prices fall below $4 for the first time in months

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The average price of gasoline in the U.S. fell below $4 per gallon Thursday for the first time in months, offering some respite to drivers.  The national average price for regular unleaded gas dropped to $3.99 a gallon on Thursday, according to the American Automobile Association. That price is the lowest it’s been since early March. Gasoline prices surged to a record high in June at $5.02 per gallon amid Russia's war in Ukraine, according to AAA data. The AAA had anticipated that the national average could drop to below $4 this month as fears of major restrictions on supply have eased since Moscow first launched its invasion in February. The association also noted that fewer drivers have been fueling up lately, as Americans change "their driving habits to cope with higher pump prices." “Oil is the primary ingredient in gasoline, so less expensive oil is helpful in taming pump prices,” said Andrew Gross, AAA spokesperson on Monday. “Couple that with fewer drivers fuel...