It's not hard to understand, when gas prices go up, Americans sometimes drive less on national holidays. This year, though gas prices are lower than they have been right before Labor Day since 2010, and that means the American Automobile Association (AAA) is predicting that the number of people taking a road trip of more than 50 miles is expected to rise compared to last year. AAA says that 35 million people will make a 50+ mile trip this year, the highest number since 2008 and up 1.3 percent from 2013. There's a video report on this increase available below.

The average price of gas in the US this past Monday was $3.45 a gallon. Not only is that the lowest price it's been on the Monday before Labor Day in four years, it's also 25 cents lower than it was in the end of June and a dime lower than it was a year ago. The US Energy Information Administration (EIA) says that the main reason for the drop is lower crude oil prices from the North Sea. As always, global worries about places like the middle east affect the crude oil price, and the EIA says that the market has a "perception of reduced risk for Iraqi oil exports as well as reports of increasing Libyan oil exports" that is helping to keep prices low.



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    • 1 Second Ago
  • 48 Comments
      in2dwww
      • 5 Months Ago
      Oil is down because the USD is up and the Euro is weakening. I won't be surprised to see even lower oil prices, even lower EUR:USD and a lower stock market as a result of foreign money pulling out of stocks due to liquidity problems during a weak currency.
        Spec
        • 5 Months Ago
        @in2dwww
        It is a combination of many things. The Bakken is still growing, demand in many places has been weak, China slowing down, troubles in Iraq don't really affect the main oil regions (the south and Kurdish areas), Russia/Saudi-Arabia/Venezuela/other-exporters need to sell as much oil as possible to cover their budgets, more efficient gas cars, hybrids, plug-in cars, etc. They've all combined to create tempered oil prices despite turmoil in Russia/Ukraine, Libya, Iraq, etc.
      jnbcressy
      • 5 Months Ago
      I've been on a fuel budget ( I drive a 2004 RAM 1500 3.7L V-6 Short box automatic) for many years. I use $100 a month unless I go on vacation. When I go on vacation it's usually less than 100 miles from the house. Last year we did about 1600 for a round-trip to MI. Almost 11 years with the truck and 53,000 miles. Back in 1973 I used to drive about 35,000 miles a year.
        Spec
        • 5 Months Ago
        @jnbcressy
        I have solar PV and an electric car. I'm on absolutely no driving budget. In fact I made enough extra electricity to drive another 10,000 miles without paying anything. However, it is short range EV (~83 miles) and that does occasionally cut into my driving. I'm looking forward to the next generation of longer range EVs. Something in the 120 to 200 mile range with a DC-fast charger would be great. Any travel longer than that, I generally fly or take a train.
      goodoldgorr
      • 5 Months Ago
      Even if I commute on the bike, I will consume more gas overall because what I do with the bike is long rides for fun so my overall mileage each year will triple that what I do when I just have a car. But you are lucky because I live in Canada where the riding season for motorcycle is just 6 months a year. In winter I cannot replace my car with the motorcycle. Also with my car I commute with other people so cannot use the motorcycle.
      Car Guy
      • 5 Months Ago
      So if gas was 3.89/gal would people really cancel their road trip they had planned for the past 3 months? Doubt it.
      brotherkenny4
      • 4 Months Ago
      Who cares what gasoline prices are? If you live your life in a consumer mode you deserve the turmoil of your enslavement. You have choices now, more than ever, and you can be free. I am very tired of the whiners who follow and then act like victims. It's really pathetic.Take control of your lives by first taking control and responsibility for yourselves. The guy in the picture should walk more places too.
      jnbcressy
      • 5 Months Ago
      What low gas prices? Stop hauling fuel by rail from the oil fields to the refineries. Build the pipeline. Standardize the fuel formula for all 50 states. Then give me the $1.85 a gallon fuel I was enjoying in January 2009.
        krona2k
        • 5 Months Ago
        @jnbcressy
        What makes you think that doing what you suggested will result in $1.85 a gallon fuel? The era of cheap oil is over and it's amazing that people still haven't realized that yet. The price has hovered around $100 since 2011. The majors are now cutting spending on developing new big projects after spending a fortune and only just managing to maintain supply. I'm not predicting the end of the world, just saying it's more realistic to expect this kind of price over the short to medium term whatever anyone does to try and make it cheaper.
          krona2k
          • 4 Months Ago
          @krona2k
          Ok but the mainstream media presents oil company gouging as fact, usually with nothing to back it up. After a quick google search I found an interesting chart for Chevron that shows gross margin is less now than it was 20 years ago when gas prices were much cheaper. I imagine the same is true for other big oil companies. The fact is oil is getting more expensive to produce and is likely to continue to do so. Accept that fact and move on. http://static.cdn-seekingalpha.com/uploads/2014/2/19/saupload_81220afdc564c4d3823f3d1be89e5a25.png
          jnbcressy
          • 5 Months Ago
          @krona2k
          At least I didn't say lets go back to $0.26 cents in 1969 or $0.33 cents in 1973 or $0.66 cents from 1976 or even $0.99 cents in 1992. In 1969 arab oil was $2.00 a barrel. If it's $100.00 a barrel now wouldn't we be paying $13.00 a gallon plus the increased fuel taxes? The numbers are bologna. When I pumped gas back in 1966 my boss only made 3 cents on a gallon and gasoline sales were a side line to auto repairs. We did about 1000 gallons a day in sales or $30 bucks. Gave stamps on top of that and he payed me $13 bucks to be there all day. $15 on Sunday.
          krona2k
          • 4 Months Ago
          @krona2k
          Ok but the mainstream media presents oil company gouging as fact, usually with nothing to back it up. After a quick google search I found an interesting chart for Chevron that shows gross margin is less now than it was 20 years ago when gas prices were much cheaper. I imagine the same is true for other big oil companies. The fact is oil is getting more expensive to produce and is likely to continue to do so. Accept that fact and move on. http://static.cdn-seekingalpha.com/uploads/2014/2/19/saupload_81220afdc564c4d3823f3d1be89e5a25.png
        knightrider_6
        • 5 Months Ago
        @jnbcressy
        Or you could stop whining and purchase a more fuel efficient vehicle, or even better get an EV
      Spiffster
      • 5 Months Ago
      Thanks for the update on gas prices. I dont really keep track anymore these days. :D
      Craig
      • 5 Months Ago
      Gas prices are anything but low. Just because we've grown accustomed to $3+ fuel and just because prices are down 25 cents from June, that doesn't mean it's cheap. My idea of "low gas prices" is $1.29/gal.
        Spec
        • 5 Months Ago
        @Craig
        Well stop living in the past. Those days are long gone.
      Gorgenapper
      • 5 Months Ago
      Low gas prices? News to me.
      groingo
      • 5 Months Ago
      You can tell he is an American, he doesn't know you have to turn it on by pressing the lever beneath the handle.
        great1234
        • 5 Months Ago
        @groingo
        hope you're enjoying this American site. thanks for the clicks
        Spec
        • 5 Months Ago
        @groingo
        LOL, clever catch. But it is just a staged photo.
        Jesse Gurr
        • 5 Months Ago
        @groingo
        Maybe he was done and he is pulling it out.
          DaveMart
          • 5 Months Ago
          @Jesse Gurr
          You can tell groingo has never been photographed in the act of pulling his nozzle out. He should be careful. Paparazzi get everywhere these days.
        Ken
        • 5 Months Ago
        @groingo
        Except the nozzle is halfway out of the filler...
        Tariff The Imports
        • 5 Months Ago
        @groingo
        You can tell you're 3rd World...
      ABG Sebastian
      • 5 Months Ago
      test
      goodoldgorr
      • 5 Months Ago
      Im sorry to say that i will consume more petrol then before because i had a bargain price on a Kawasaki motorcycle concours 1999 40 000 miles. I was looking for fun at ads on the internet and i found this bargain price and also my friend gave me for free a helmet, motorcycle gloves and boots, i already had my old leather jackets and all i need more is a rain suit. Next week my motorcycle will be ready. I will then consume more gas but overall im satisfied that the price of gasoline is lower by 10 cents a liter lately. I will try to save a little bit by not going too fast but it's harder on a motorcycle then with a car because the motorcycle is way faster and fun to drive. Happy motoring. Im minding if green car sales might shrink a little bit if gas price get lower.
        airchompers
        • 5 Months Ago
        @goodoldgorr
        but if you commute on your motorcycle you could be using less fuel overall. My car gets 25 mpg and my bike gets 100 mpg in the same commute. I ride my bike every day it doesn't rain which is about 4 days a week, and my fuel bill has decreased dramatically as well. Even if I drive my bike a few dozen miles on the weekend, I'm still using less gas over the course of a week than if I commuted by car. Safe Riding!
        DaveMart
        • 5 Months Ago
        @goodoldgorr
        Have fun!
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