Gas prices may potentially drop to around $2.70 this fall, according to a release. The national gas price average is projected to be a quarter of a gallon cheaper than it was this past summer.
AAA Public Affairs Manager Cindy Antrican says consumers may see more savings in the fall.
“Cheaper-to-produce gasoline and relatively stable crude oil prices in August, combined with an anticipated drop in consumer gasoline demand post-Labor Day, means consumers will see savings when they fill-up at the pump this fall. However, several outliers can reverse this forecast, including crude oil prices, geopolitical tensions and the mere threat of a hurricane,” she said.
Gas prices may drop this fall due to the switch-over to winter-blend gasoline in mid-Sep., which is cheaper to produce than summer-blend gasoline, and the drop in consumer demand due to less road trips and vacations, the release stated.
AAA released the 2018 Gas Watcher’s Guide with tips for conserving fuel, saving money and maintaining fuel efficiency. The Guide offers the following tips, and more, for motorists to keep in mind:
- If your vehicle's engine doesn't require premium or mid-grade fuel, don't buy it, using anything other than regular grade is a waste of money.
- Don't top off your gas tank, stop filling after the automatic nozzle shuts off the second time.
- If you have to replace a gas cap, make sure it's the right one for your car, an ill-fitting cap will increase emissions and trigger the 'check engine' light.
- Keep track of gas mileage, and if there's a sudden decrease in fuel economy, have your vehicle checked to ensure it is operating properly.
To find current gas prices, visit GasPrices.AAA.com.
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