Thursday, 18 January, 2018

Gas Prices Drop in Rockford

Gas Prices Drop in Rockford Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed
Heather Davidson | 13 December, 2017, 06:08

This news comes after EIAs latest report showed that USA crude stocks fell by 5.6 million bbl.

Georgia gas prices averaged $2.33 on Sunday, AAA said. It was only these states that saw prices rise, ruining an otherwise countrywide drop in gas prices.

Across the country, the average price of gasoline has fallen 2.5 cents per gallon, bringing the national average to $2.45/g. Gasoline supply has recovered due to the lower demand in the last two weeks, largely helping put downward pressure on retail gasoline prices.

Test vehicles included everything from a Mazda Miata two-seats sports auto with a 2.0-liter four-cylinder engine to a Cadillac Escalade with a big 5, o-liter V8 motor.

Against a backdrop of oil prices faltering, the nation's average gas price has moved lower, falling 2.5 cents in the last week to $2.45 per gallon, less than a penny away from the lowest level since Hurricane Harvey caused prices to surge. The large drawdown demonstrates the USA growing export prowess, with EIA reporting that crude exports reached 1.4 million barrels per dayd last week compared to 500,000 barrels per day at the same time previous year.

"It's still important to remember that if your vehicle requires the use of premium gasoline, that you should still use it", said Jenkins.

In a study released a year ago, AAA found consumers wasted almost $2.1 billion fueling vehicles that neither recommended or required premium gasoline. But that's just an average. In those engines, using Premium fuel won't hurt anything, but it also won't improve anything, either. But most engines are created to run on Regular all the time.

The organization tested six cars where manufacturers recommend - but don't require - premium gasoline (rated as 91 octane or higher) and found that premium fuel had a slight benefit in "extreme driving scenarios", like towing or cargo hauling. The story could obviously be different in vehicles that require premium, but in many cases these are high-performance cars where owners are happy to pay up for a boost in horsepower.

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