Demand for gas is up, but oil prices are down, causing gas prices to go up by just four cents.
The average price Americans pay at the pump increased this past week, but by just four cents, AAA reported. Drivers paid an average of $3.67 a gallon, 21 cents more than this time last year.Prices increased slightly due to a small jump in demand. Data from the Energy Information Administration found that gas demand rose from 8.61 to 8.66 million barrels per day last week.Oil prices decreased, helping to ensure prices didn’t spike too high.
Use a tool like Credible to shop around and lower your car insurance premium today.DRIVERS WANT EMBEDDED INSURANCE OPTIONS WHEN THEY BUY A CAR: SURVEYCar prices are still high, but both new and used vehicle prices have dropped in the last few months. Wholesale prices for used vehicles decreased by 1.9% during the first half of April, Cox Automotive reported.The Manheim Used Vehicle Value index, which tracks the price of used cars, fell by 13.7% to 199.2.
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