Cheap Fuel Puts $20 Billion Extra in American Pockets, AAA Says
- Group says $5 billion of that’s been since Memorial Day
- Gasoline at lowest price for this time of year since 2005
The Peak Oil Myth and the Rise of the Electric Car
This article is for subscribers only.
U.S. gasoline prices are the lowest in more than a decade, and consumers are reaping the benefits to the tune of $20 billion.
That’s how much AAA estimates drivers have saved at the pump so far this year compared to the same period in 2015. The nation’s largest motoring group says $5 billion of those savings were in the one-month period since Memorial Day alone.