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Fuel Prices

AAA Travel projects that 50.9 million Americans will travel 50 miles or more away from home this Thanksgiving holiday weekend, an increase of 1.6 million travelers compared with last year. Car rental rates will hit a five-year holiday high at $70 per day.

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Highest Travel for Year-End Holidays Predicted

More than 103 million Americans — the most on record — are expected to travel for the year-end holidays, an increase of 1.5% or 1.5 million more people traveling compared with last year.

WEX: Gas Prices Likely to Decline in August

Despite the continued turmoil in the Middle East, the U.S. average retail price has fallen 15 out of the last 17 days. Experts believe that this trend will continue for the rest of August.

WEX: Fuel Prices Diverse Throughout Country

Retail gas prices appear to be across the board as the Great Lakes region sees pump prices above $4 per gallon. On the other hand, diesel prices have remained more stable.

Access to Fuel Improving But Still an Issue in Northeast

The Department of Energy stated that Phillips 66 is estimating it could take two to three weeks before its refinery in Linden, N.J. can resume operations. As well, to help clean up and repair infrastructure in the Northeast, the Department of Transportation has released funding to several states.

Black Book: Are Gas Prices Driving the Market?

Ricky Beggs, managing editor of Black Book, presents the Oct. 31 edition of "Beggs on the Used Car Market." In his weekly video, he discusses the performance of the various car and truck market segments, and the possible role of changing fuel prices.