U.S. Gas Prices Hit 1,000th Day Over $3 a Gallon

by William White | September 18, 2013 11:26 am

GasPump U.S. Gas Prices Hit 1,000th Day Over $3 a Gallon[1]U.S. gas prices hit the 1,000th day[2] of being over $3 a gallon on Tuesday.

According to AAA’s fuel gauge report, U.S. gas prices went up to $3 a gallon on average on Dec. 23, 210 and haven’t been below since. This is the longest time that gas has been over $3 a gallon that is on record. Drivers across America are paying less for gas now than what they were a year ago. Several Midwestern states have seen gas prices decrease by 40 cents to 50 cents a gallon. Other states haven’t been so lucky. Due to refinery issues in California, some states west of the¬†Rockies have seen gas prices increase as much as 10 cents since last week.

“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[3]. “The reality is that expensive gas is here to stay.”

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/05/GasPump.jpg
  2. 1,000th day: http://newsroom.aaa.com/2013/09/gas-prices-aaas-fuel-gauge-report-september-16-2013/
  3. USA Today: http://www.usatoday.com/story/money/cars/2013/09/16/gas-prices-thousand-days/2821351/

Source URL: http://investorplace.com/2013/09/u-s-gas-prices-hit-1000th-day-over-3-a-gallon/
Short URL: http://invstplc.com/1nvGcjD