Less demand and stagnant oil prices has led to lower gas prices for drivers

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Less demand and stagnant oil prices has led to lower gas prices for drivers
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Thanks to stable oil prices and little change in demand, gas prices are continuing to fall.

Good news for spring and summer travelers: gas prices continued their downward trend this week, averaging $3.46 per gallon, AAA reported. This is a two-cent drop from last week, and a 15-cent drop compared to last month. Low demand and an excess gas supply are the two driving factors in the price decrease. Oil demand went up slightly from 8.94 million barrels per day to 9.04 this past week, Energy Information Administration data found.

Not all car technology is welcomed by drivers, but over 60% would find it acceptable if anti-speeding technology was added to new cars, according to a survey by the Insurance Institute for Highway Safety. Anti-speeding technology, as described in the survey, would involve audible and visual warnings when a driver goes over the posted speed limit.

Have a finance-related question, but don't know who to ask? Email The Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.

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