Gas prices over $3 for 1,000th day
Tuesday marks a milestone in the pricing of a necessity most of have come to accept as the norm, while others still grimace each time they are forced to fill up.
Tuesday marks the 1,000th consecutive day the national average price of gasoline will surpass $3 per gallon, according to AAA. The current streak began on Dec. 23, 2010. AAA forecasts the national average will remain above $3 per gallon for at least another thousand days barring a major economic recession.
“Paying less than $3 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie,” AAA Alabama spokesperson Clay Ingram said. “The reality is that expensive gas is here to stay, which is tough on millions of people who need a car to live their lives. While a few lucky drivers may occasionally pay less than $3 per gallon, the national average is likely to remain more costly into the future.”
Monday’s national average was $3.52 per gallon. Gas prices on average have remained above $3.50 per gallon for the majority of days during the current streak, and AAA projects the national average will remain higher than $3.50 per gallon tomorrow. Since the current streak began, consumers will have paid a national average of $3.25 per gallon or higher for 913 total days; $3.50 per gallon or higher for 643 total days and $3.75 per gallon or higher for 189 total days. The national average has never crossed the $4 per gallon mark during the streak.
“Motorists took notice when gas prices crept past $3 per gallon,” Ingram said. “Spending more on gas concerns consumers because it reduces savings and spending for everything else we need. Our leaders can help alleviate this economic burden by encouraging a national policy that stimulates production, limits price volatility, ensures greater efficiency and promotes alternative energy. Motorists can help push gas prices lower by conserving fuel and price shopping for every purchase.”
The state average for Alabama Monday was $3.27 per gallon and Tueday will mark 965 consecutive days above $3 per gallon for the state average. Alabama will hit mark for 1,000 consecutive days on Oct. 22.
The national average price of gas so far this year is $3.57 per gallon, but this average should drop through December as demand declines during cooler months. Last year was the most expensive year on record with an annual average of $3.60 per gallon, followed by an annual average of $3.51 per gallon in 2011. The average U.S. household in 2012 spent $2,912 on gasoline, or just under four percent of income before taxes, according to the Energy Information Administration.
The most expensive daily national average during the current streak was $3.98 per gallon on May 5, 2011, while the lowest daily average was $3.01 per gallon on Dec. 23, 2010.