"For consumers holding out for the traditional summer selldown events, the reality of this market is going to be a tough pill to swallow,” says Edmunds.
Posts tagged as “gas prices”
Elevated vehicle prices, sharp increases in full-coverage insurance rates and other factors have combined to create a compounding financial squeeze.
Gasoline prices climbed 21.2% month over month, adding a significant cost to household budgets. Auto repair costs also continue to increase.
The possible formation of a new hurricane in the Gulf of Mexico could delay or even temporarily reverse the decline in pump prices.
“The clouds of war overseas are less dark at the moment and the Atlantic is quiet now too, which is taking pressure off of oil prices,” says AAA.
Drop comes as a tropical wave with storm-forming potential slowly approaches; AAA adds kilowatt-per-hour cost for L2 commercial charging by state.
The upward trend is likely to continue as travelers start heading out of town for Spring Break.
