{"id":33724,"date":"2023-11-10T20:16:51","date_gmt":"2023-11-10T20:16:51","guid":{"rendered":"https:\/\/microloannexus.com\/personal-finance\/gas-prices-steady-decline-might-gain-momentum-as-holidays-approach-aaa\/"},"modified":"2023-11-10T20:16:54","modified_gmt":"2023-11-10T20:16:54","slug":"gas-prices-steady-decline-might-gain-momentum-as-holidays-approach-aaa","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=33724","title":{"rendered":"Gas prices\u2019 steady decline might gain momentum as holidays approach: AAA"},"content":{"rendered":"
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A gradual decrease in gas prices could pick up steam following the recent decline in oil prices. Stagnant gasoline demand has likely contributed to the reduced pump prices and fall in oil prices. \u00a0<\/p>\n

The average price of gas dipped to $3.40 for the week ending November 9, a 4-cent drop from the week prior, according to the latest report from AAA. The average price at the pump is 30 cents less than a month ago and 40 cents less than a year ago.\u00a0<\/p>\n

Despite ongoing global tensions, gas prices are showing a typical seasonal descent, according to AAA spokesperson Andrew Gross. “We still need to cast a wary eye on global events, which may roil the oil market and spike prices,” Gross said. “But domestic gas prices are amid their usual seasonal swoon. Pump prices have fallen or remained flat every day since September 19.”<\/p>\n

The West Texas Intermediate (WTI) \u2013 an oil price benchmark \u2013 decreased by $2.04 to $75.33 at the close of Wednesday\u2019s formal trading session.\u00a0The Energy Information Administration (EIA) delayed its scheduled data releases, including its weekly estimates of gasoline supply and demand, to complete a planned systems upgrade, AAA noted.\u00a0<\/p>\n

One way to minimize the expenses of car ownership is by shopping for cheaper auto insurance to reduce your monthly premiums.\u00a0Visit Credible to compare your options\u00a0without affecting your credit score. \u00a0\u00a0<\/p>\n

AUTO LOANS MUCH MORE EXPENSIVE FOR DRIVERS WITH BAD CREDIT: REPORT<\/strong><\/p>\n

Gas prices by state\u00a0<\/h2>\n

Since last Thursday, these 10 states have seen the largest decreases in their average gas prices, according to AAA.\u00a0<\/p>\n