Motorists made the most of low gasoline prices by driving record miles in the first two months of the year, according to government data released Thursday.
Consumer prices rose for a second straight month in March as the cost of gasoline and shelter increased.
The average national price of a regular gallon of gasoline continues to drop, falling 5 cents in the past three weeks to $2.45 a gallon.
The price for gas is forecast to fall 32% from a year ago to $2.45 a gallon from April to September, the period when Americans do most of their driving.
Consumer spending barely rose in February as households boosted savings to their highest level in more than two years.
A business economics group has boosted its outlook for U.S. economic improvement this year and next, particularly for job growth.
Just as the summer driving season approaches, drivers may soon be paying even less at the pump, with gas prices expected to fall below $2 a gallon.
Consumer prices rebounded in February as gas prices rose for the first time since June, and there were also signs of an uptick in inflation pressures.
Fuel demand in Texas is growing strongly as lower oil prices encourage motorists to use their vehicles more and buy larger replacements.
The average price of regular grade gasoline rose 21 cents in the past two weeks, bringing it to $2.54 a gallon, according to a survey released Sunday.
U.S. storage levels of oil are at the highest point in 80 years, and a Citibank analysts suggests oil might fall from $50 to $20 a barrel.
The average price of a regular gallon of gas jumped 13 cents in the past two weeks to $2.20, ending a sustained drop, according to an industry survey.
Automakers reported double-digit U.S. sales increases in January, a sign that car sales didn't spin out even with a major snowstorm hitting the Northeast.
For the first time since 2009, most Americans are paying less than $2 a gallon. Just three months ago experts were shocked when it fell under $3.
Car buyers are paying the lowest prices in years for carbon-based fuels, even as automakers show off their latest high efficiency vehicles in Detroit.
As global oil prices continue to drop, the effects are more than cheap gas at the pump. The entire globe might have to pay in significant and subtle ways.
With lower gasoline prices and a stronger U.S. dollar, you'll have two big economic trends going your way as you plan your 2015 vacation.
This year promises to provide much bigger savings to consumers as long as crude oil remains relatively cheap, AAA says. Though there are no guarantees.
Hundreds of thousands of Americans rely on the oil and gas industry for jobs. Low oil prices may have a negative impact on employment in the sector.
While you may not see $2 gasoline at your local pump today, it might be coming before you know it, as oil prices continue to drop.
Gas stations love low prices, too -- and not just because customers are nicer when they are paying less.