AAA: Gas prices above $3/gallon for 1,000 days

Posted on September 17, 2013 

News release from AAA. Ah, those were the days...

Bellevue, Wash. (Sept. 17, 2013) – The national average price of gasoline has surpassed $3.00 per gallon today for the 1,000th consecutive day for the first time on record, according to AAA. The current streak began on Dec. 23, 2010. AAA forecasts the national average will remain above $3.00 per gallon for at least another thousand days barring a major economic recession.

“Paying less than $3.00 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie,” said Bob Darbelnet, President and CEO of AAA. “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 $3.00 per gallon, the national average is likely to remain more costly into the future.”

In Washington state, gas prices have been above $3 per gallon since October 7, 2010, which is 1,077 consecutive days. The current state average is $3.75 per gallon, which is 30 cents less than one year ago. Today’s national average is $3.52 per gallon.

Gas prices first surged above $3.00 per gallon for eight days immediately following Hurricane Katrina from Sept. 3-10, 2005. The longest previous streak above $3.00 per gallon was for 244 days from Feb. 17-Oct.17, 2008. The national average fell below $3.00 per gallon for 796 days from Oct. 18, 2008-Dec. 22, 2010 due to a weaker economy, which demands less gasoline and oil. The national average tomorrow will have remained above $3.25 per gallon for 265 consecutive days.

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 December 23, 2010.

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