{"id":11152,"date":"2023-08-11T18:31:34","date_gmt":"2023-08-11T18:31:34","guid":{"rendered":"https:\/\/isafespend.com\/personal-finance\/gas-prices-hold-steady-near-the-summer-finish-line-aaa\/"},"modified":"2023-08-11T18:31:41","modified_gmt":"2023-08-11T18:31:41","slug":"gas-prices-hold-steady-near-the-summer-finish-line-aaa","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11152","title":{"rendered":"Gas prices hold steady near the summer finish line: AAA"},"content":{"rendered":"
<\/p>\n
\n
<\/source><\/source><\/picture> <\/div>\n

<\/p>\n

<\/div>\n<\/div>\n

The national average price for a gallon of gas was $3.82 for the week ending August 10, unmoved from the previous week, according to the latest data by the AAA. Gas prices held steady despite a rise in oil prices and a spike in gas demand, the AAA reported.<\/p>\n

“We appear to be at a fork in the road when it comes to which direction gas prices will take \u2013 up or down,” AAA spokesperson Andrew Gross said. “The summer heat that kept people home and suppressed refinery production has eased for now, so we have to look at the cost of oil to determine if the recent price climb is ending. More expensive oil will likely lead to higher prices.”<\/p>\n

The West Texas Intermediate (WTI), a benchmark for the oil market, increased by $1.48 to settle at $84.80. Oil prices have not reached these levels since mid-April, according to AAA\u2019s analysis.<\/p>\n

And the market believes that oil demand will climb higher than expected in this half of 2023 and into 2024, AAA said. In fact, world oil demand is expected to rise by 2.25 million barrels per day in 2024, compared with growth of 2.44 million barrels per day in 2023, according to the Organization of the Petroleum Exporting Countries (OPEC).<\/p>\n

Regardless of gas price movements, the costs of auto insurance can have a major impact on your overall driving costs. One way to reduce these expenses is by shopping for cheaper auto insurance to reduce your monthly premiums. Visit Credible to get your personalized quote in minutes.<\/p>\n

CONSUMER GROWING LESS SATISFIED WITH THEIR AUTO INSURANCE: J.D. POWER<\/u><\/strong><\/p>\n

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

Despite a lack of movement in national gas prices, some areas saw major shifts. Here are the 10 states that have seen the most impactful changes in their averages:<\/p>\n