Latest news with #Gasbuddy
CTV News
2 days ago
- Business
- CTV News
Crude spike driven by Mideast tumult may be a ‘knee jerk' that quickly fades: analyst
A man walks at the scene of an explosion in a residence compound in northern Tehran, Iran, Friday, June 13, 2025. (AP Photo/Vahid Salemi) CALGARY — An analyst says a spike in crude prices driven by the latest Mideast turmoil could be a knee-jerk reaction that quickly subsides. Enverus commodities expert Al Salazar says unless there is a sustained disruption in global crude oil supplies as a result of Israel's attacks on Iran, prices should return to normal in fairly short order. In the early afternoon, West Texas Intermediate crude was at US$71.89 a barrel, an almost six per cent increase from a day earlier. Fuel prices at the pump may see a bit of a pop in the coming days, but Salazar doesn't expect it to last unless there are longer term supply constraints. Fuel price-tracking website says the national average price for a litre of unleaded gasoline in Canada is 135.8 cents a litre, up less than a cent day-over-day. The energy subindex on the S&P/TSX composite index was up 1.4 per cent on a day that the overall Canadian market was sagging. This report by The Canadian Press was first published June 13, 2025. Lauren Krugel, The Canadian Press
Yahoo
21-05-2025
- Yahoo
AAA expects record 3.7M Texans to travel Memorial Day weekend. See best times to travel
Millions of Americans are preparing to hit the road for Memorial Day weekend. Are you prepared for one of the busiest holidays of the year? Here's what to know if you're traveling this holiday. According to AAA, 3.7 million Texans will travel over the Memorial Day holiday period between Thursday, May 22 and Monday, May 26, a 3% increase from 2024. This is the third straight year of record-breaking travel for this holiday statewide. About 45.1 million Americans will travel for the holiday weekend, a 3.1% increase from 2024 and a new national record for this holiday period, AAA data shows. It surpasses the previous record of 44 million set in 2005. Galen Grillo, AAA Texas vice president and general manager, says Texans should expect some relief at the pump, but pay more at the airport. 'Texans continue to prioritize travel with family and friends after the pandemic," Grillo said. "This year, consumers will get some price relief at the gas pump, car rental counter, and when flying internationally, but they will spend more on domestic flights, hotels, cruises and tours compared to 2024.' According to AAA data, here are the top domestic destinations for Americans this upcoming Memorial Day weekend: Orlando Seattle New York Las Vegas Miami Texans are expected to travel by car more than by plane for Memorial Day weekend due to several factors. Some key reasons for this trend include: Lower gas prices: According to Gasbuddy, Texas gas prices are lower than last year, making road trips more affordable. Convenience and flexibility: Driving allows travelers to avoid airport crowds, flight delays, and baggage restrictions while offering more control over their schedules. Popular road trip destinations: Many Texans are heading to beach towns like Galveston or between metro areas such as Austin, Dallas, and San Antonio, which are easily accessible by car. Post-pandemic travel preferences: Texans continue to prioritize family and friend gatherings, and road trips provide a more comfortable and social travel experience. Airports are gearing up for a surge in travelers as AAA forecasts 3.61 million air passengers this holiday weekend, a 1.8% rise from 2024 and a 12.3% increase compared with 2019. Over 39 million drivers are expected to hit the road for the Memorial Day holiday. It's a 3% increase from last year and a 4.6% boost from 2019. The current average for Texas gas prices is $2.72, while the national average is $3.15. Here are the cities that have the cheapest gas while traveling in Texas: According to GasBuddy, here are the top 10 places to get cheaper fuel during Memorial Day weekend: Exxon (Beaumont): $2.29 per gallon Texaco (Houston): $2.29 per gallon Mobil (Houston): $2.29 per gallon Shell (Willis): $2.29 per gallon Valero (Baytown): $2.29 per gallon 7-Eleven (Corpus Christi): $2.32 per gallon Super 1 Foods (Texarkana): $2.33 per gallon Stripes (Pharr): $2.34 per gallon Walmart (Hidalgo): $2.34 per gallon Circle K (Pharr): $2.34 per gallon AAA recommends leaving during the following times: Before noon on Thursday, May 22nd. Before 11 a.m. on Friday, May 23rd. Before noon on Saturday, May 24th. Before 1 p.m. on Sunday, May 25th. Before 2 p.m. on Memorial Day, Monday, May 26th Memorial Day is observed annually on the last Monday of May. This year, it falls on May 26. This article originally appeared on Austin American-Statesman: AAA: Record 3.7M Texans expected to travel during Memorial Day weekend
Yahoo
20-05-2025
- Automotive
- Yahoo
Memorial Day weekend gas prices might be the lowest in decades
If you're planning a road trip this Memorial Day, rejoice: Adjusted for inflation, this year could see the cheapest gas prices for the holiday weekend since 2003. According to gas price tracker Gasbuddy, the national average is projected to be $3.08 per gallon, down significantly from $3.58 on Memorial Day last year. 'This year's relatively lower prices are influenced by lower crude oil costs amid an increase in oil production from OPEC+, the potential for a nuclear deal with Iran, and some economic uncertainty,' Gasbuddy said in a press release, adding that as summer progresses and refinery maintenance concludes, the national average price of gasoline could fall below $3 per gallon at times this summer. Quartz found prices as low as $2.33 a gallon in Horn Lake, Mississippi and $2.41 a gallon Spartanburg, South Carolina. Gas prices clocked in at $3.73 at Sam's Club (WMT) in Pearl City, Hawaii. Meanwhile, AAA's fuel price composite sits at $3.17 as the national average. AAA has California with the highest average gas price at $4.89 per gallon, above Hawaii's $4.48, which is the second highest. The lowest prices are clustered in the South, with Mississippi leading the way with an average of $2.66 per gallon. If you are planning to hit the road this summer, you aren't alone. Sixty-nine percent of Americans plan a road trip over the months ahead, according to The company's research also shows that the average traveler is planning multiple journeys, with many (32%) intending to take two road trips this season. Many Americans are venturing far, with 40% expecting to drive more than 5 hours to reach their destinations. Memorial Day is the most popular of the summer holidays for road trips, followed by the Fourth of July and then Labor Day weekend, according to Gasbuddy. Mercedes Zach, a travel expert at ASAP Tickets, says the low fuel prices give car travel the edge over air this summer. 'As fuel prices remain quite favorable, many see this as an additional motivation to travel by car; that's especially valid for larger traveler groups, such as larger families, where flying gets expensive fast,' Zach says, adding that she expects people to take shorter trips on the West Coast, where fuel prices are higher. 'While on the East Coast, where the fuel is cheaper, people are probably more likely to plan longer road trips and vacations as they can afford more,' Zach says. For the latest news, Facebook, Twitter and Instagram.
Yahoo
02-04-2025
- Yahoo
Spring break travel fuels rise in gas prices
JACKSONVILLE, N.C. (WNCT) — Gas prices in Jacksonville are higher than normal as more people are on the road for spring break and heading to the beach. As drivers head to gas stations this time of year, keep an eye out for how much you are paying with gas prices are trending upwards. It is recommended to download the 'Gasbuddy' app to find the cheapest gas prices in your area. 'We are starting to see a nationwide trend as gas prices are starting to inch up after falling for most of the month of february. We are starting to see more of a typical seasonal rise in gas prices,' Gasbuddy Analyst Patrick De Hann said. 'It usually happens every year usually around February or March and that increase usually lasts till April or early May. It is all really seasonal in nature.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
