• Wed. Sep 21st, 2022

Gas prices drop back below $4, says AAA

ByElla E. Kidwell

Aug 19, 2022

Gasoline prices fell last week as drivers continue to cut their time on the road, according to AAA. (iStock)

The national average cost of a gallon of gasoline fell 10 cents last week, again dipping below $4, according to AAA.

Gasoline prices fell to $3.95 a gallon, mainly due to flat oil prices and fewer drivers on the road filling up, AAA said in a weekly update released Monday. .

“Falling prices at the pump could eventually get more drivers back on the road,” said AAA spokesman Andrew Gross. “But that hasn’t happened yet. Instead, many drivers are waiting for prices to drop further before returning to their normal driving habits.”

If you want to save on your car insurance costs, you may want to consider switching car insurance providers. Visit Credible to find your personalized bonus without affecting your credit score.

BIDEN SIGNS THE CUT INFLATION ACT: HERE’S WHAT IT MEANS FOR YOUR PORTFOLIO

Americans are changing their driving habits to cope with high gas prices

Although gasoline prices fell last week, they have steadily increased over the past year. To combat this added cost, many Americans have changed their lifestyles to reduce the amount of driving they do, AAA said.

A recent AAA survey found that about two-thirds of American adults have changed their driving habits since March. The two main changes were to drive less and to combine races.

In a AAA poll earlier this year, about 59% of Americans said they would change their lifestyle and driving habits if gas prices hit $4 a gallon. That number jumped to 75% of Americans if gasoline hit $5 a gallon, which it did in June.

Some Americans have even changed their travel plans and postponed vacations due to rising prices, AAA said.

If you’re adjusting your lifestyle to deal with higher car costs, you might consider switching car insurance providers to lower your monthly payments. Visit Credible to compare several insurers at once and choose the one that suits you best.

BILL LIMITING DISCOVERY FEES SENT TO CHAMBER OF REPRESENTATIVES

This is where gas prices have fallen the most

Gas prices fell more significantly in some parts of the United States last week than in others. These states saw the largest weekly declines:

  1. Maine: 19 cents
  2. Colorado: 18 cents
  3. West Virginia: 16 cents
  4. Arizona: 15 cents
  5. Illinois: 15 cents
  6. New Mexico: 14 cents
  7. Florida: 13 cents
  8. Nebraska: 13 cents
  9. Arkansas: 13 cents
  10. Kansas: 13 cents

Additionally, the average price of gas in the United States varies by location. Here are the top 10 states with the cheapest average gas prices:

  1. Texas: $3.45
  2. Arkansas: $3.47
  3. TN: $3.50
  4. Oklahoma: $3.50
  5. South Carolina: $3.50
  6. Georgia: $3.51
  7. Mississippi: $3.52
  8. Kansas: $3.53
  9. Missouri: $3.53
  10. Alabama: $3.54

If you want to reduce your car expenses, switching insurance providers can help you save on your monthly costs. To see if this is the right option for you, you can contact Credible to speak with an insurance adjuster and get all your questions answered.

Do you have a financial question, but you don’t know who to contact? Email the Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.