Would you like a little enjoyable news for driving this fall? Gas prices have fallen 15 cents per gallon in the last five weeks, and prices should continue to drop more. According to AAA, the cost of gas should fall because of lower crude costs, a slowdown in demand and a transition to cheaper cooler-weather gas blends. Let’s look at what to expect from the upcoming Fall 2019 gas prices.
What’s to Come?
According to the association, the average across the country should fall to $2.40. It currently is at about $2.60. Some states, especially in the South, may have prices dip below $2.00 a gallon.
Gas prices go up in the summer for several reasons.
The most common reason for gas prices to increase in the summer is that more people are traveling and taking vacations. This leads to increased demand, which will translate to higher per-gallon prices of gasoline. In recent years, travelers have learned to space out their vacations more, which helps to reduce the demand.
Gas prices go up during the summer months because of environmental regulations. In 1990, the U.S. government passed the Clean Air Act. The Environmental Protection Agency mandates specific gasoline blends during the summer. From April through September, only reformulated gasoline blends are allowed. These fuels are more expensive to produce. The cost is passed on to the customer, and gas prices go up.
This unique blend of fuel also results in lower mileage than winter blends. As a result, drivers buy more gas during the summer, increasing price.
Fall 2019 Gas Prices
After Labor Day, drivers can expect to see relief at the pump. The summer boost in gas prices will back down. More efficient winter blends will be available. All of this should lead to dropping gas prices in the fall of 2019. If you were going to rush out and buy a 2020 Toyota Corolla Hybrid, you might not need to.
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