AAA: Drivers saved $530 this year due to low gas prices

LOWER GAS PRICES has saved the average U.S. household  approximately $530 so far this year, according to AAA Northeast. / BLOOMBERG FILE PHOTO/ANDREW HARRER
LOWER GAS PRICES has saved the average U.S. household approximately $530 so far this year, according to AAA Northeast. / BLOOMBERG FILE PHOTO/ANDREW HARRER

PROVIDENCE – Lower gas prices have saved the average U.S. household approximately $530 this year, according to AAA Northeast.
Gas prices remained relatively steady in June with the national average finishing the month only about 3 cents higher than at the beginning of the month. U.S. average gas prices are approximately 74 cents per gallon higher than the lows set in late January, AAA Northeast said.
AAA Northeast said Monday that in Rhode Island, self-serve, regular unleaded gasoline is averaging $2.79 per gallon, a 2-cent drop from the previous week. In Massachusetts, self-serve, regular unleaded is averaging $2.75 per gallon, also representing a 2-cent decrease from the previous week. The national average is $2.78 for self-serve, regular unleaded gasoline.
Approximately 13 percent of U.S. gas stations are selling gas for more than $3 per gallon. A year ago, 99.99 percent of stations were selling gas above that price. About 15 percent of U.S. stations are selling gas for less than $2.50 per gallon, AAA Northeast said.

The five most expensive states for gas prices this week are Alaska ($3.48), California ($3.44), Hawaii ($3.38), Washington ($3.20) and Nevada ($3.19). States with the lowest gas prices are South Carolina ($2.44), Mississippi ($2.48), Alabama ($2.50), Arkansas ($2.50) and Tennessee ($2.54).

AAA Northeast said that it is possible that gas prices this month will drop or remain relatively flat as gasoline production increases to take advantage of high profit margins.

Oil prices also should remain near current levels given that domestic, commercial supplies are about 19 percent higher than a year ago. Nevertheless, factors such as strong summertime demand or unexpected events could send gas prices higher, AAA Northeast said.

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