Gas prices continue slow decline, for now

Gas prices fall now but could climb before New Year

Indiana leads nation with biggest price swing at the gas pump since November

AAA Michigan says gas prices statewide have fallen by about 8 cents per gallon in the past week.

Across the country, the largest changes in average gas prices by state: in (-10 cents), IL (-9 cents), OH (-8 cents), MI (-7 cents), Wisconsin (-5 cents), DE (-5 cents), Missouri (-4 cents), Oklahoma (-4 cents) and West Virginia (-4 cents).

Oil prices have given up some ground in the last few days but are still within close reach of multi-year highs and now stand at $57.61 per barrel as of Monday morning, down some 75 cents in early trading. Most people don't feel like driving in the winter because of shorter days and cooler weather, Jenkins said.

Russian Federation hit with steep punishments for the 2018 Winter Olympics
Athletes with a history of regular drug tests may apply to compete in Pyeongchang as neutral athletes. Russia's Olympic team has been barred from the 2018 Olympics in PyeongChang, South Korea.

"On the week, 90 percent of states saw their gas price average drop - some even by double digits".

"Despite a forecasted 5 to 20 cents decrease in coming weeks, motorists will see higher than expected December gas prices - especially compared to year-end prices from 2015 and 2016", Elizabeth Carey, director of public relations, AAA of Western and Central New York, said in the release.

Seasonal factors finally caught up with the US gas market and, with refineries making a cheaper winter blend, the price at the pump is lower, analysts said.

John Mayer undergoes emergency appendectomy
John Mayer underwent an emergency appendectomy Tuesday morning, forcing the rocker to postpone a New Orleans Dead & Company show. Their next scheduled gigs are in Orlando, Florida on Thursday and in Sunrise, Florida on Friday.

The Dearborn-based auto club says early Monday the average price for self-serve regular unleaded gasoline was about $2.44 per gallon.

The Organization of Petroleum Exporting Countries started cutting production in January and agreed last month to keep it under control through 2018.

But on Monday, oil prices fell more than 1 percent as the market eyed signs of rising USA production.

5-year-old killed in school bus crash in South Georgia
The bus was on its morning pick-up route in Liberty County, five miles outside of Glennville, when it crashed around 7 a.m., Lt. King said video from the bus's onboard security camera shows the driver trying to bring the bus under control.

"With OPEC deciding last week to extend last year's agreement on oil production cuts, the future for gasoline prices isn't as rosy", DeHaan said.

Latest News