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US: gas prices once more on a declining trajectory

US: gas prices once more on a declining trajectory

After gasoline prices at the pumps recovered a bit and posted a new peak in March, with US refineries under full steam and producing at their highest seasonal rates in a decade, retail prices fell once more this month. According to the traditional Lundberg Survey, the average price of regular […]

Russia: March sales on steep dive

Russia: March sales on steep dive

Once considered as a viable candidate to overtake Germany as Europe’s largest auto market, Russia has seen a stark contrast to the developments on the continent, in the US or China. Last month’s figures for the light vehicle market were the worst in terms of volume and percentage decline over […]

US: drivers believe low gas prices are not here to stay

US: drivers believe low gas prices are not here to stay

According to the latest consumer survey, while US gasoline prices are spectacularly down these months, buyers forecast they would return to their previous high levels in the near future. The Consumer Federation of America revealed the findings of its latest research on the matter, with consumers predicting that in two […]

US: gas price slides below $2 a gallon in Detroit

US: gas price slides below $2 a gallon in Detroit

The lower global demand for oil, coupled with the continued production and planned non intervention from the OPEC and the other world producers have led to a spectacular fall in US gas prices. During the final days before Christmas, Detroit residents will have more cash at hand as the gas […]

US: AAA sees gas falling below $3 for holiday period

US: AAA sees gas falling below $3 for holiday period

According to Heathrow, Florida-based motoring club AAA, US drivers could get an early Christmas present as gasoline is continuing its depreciation and the forecast is that it could hit $3 per gallon in time for the holidays. The AAA said that last week the gasoline that should be delivered in […]