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AAA: Drivers numbing to higher prices at the pump?

Submitted by on June 14, 2019 – 12:22 amNo Comment

AAA says when it comes to filling-up at the pump, Americans are changing their perception of what they consider “too expensive.”

AAA’s 2019 Gas Price survey found that 50 percent of consumers think paying $3 per gallon is too high – an increase of 30-cents from last year when half of consumers reported $2.70 as too expensive.

2019’s price point is also 50 cents more than in 2016, when half of consumers thought $2.50 was too much to pay at the pump.

AAA says with gas price sensitivity lowering over the past three years, Americans are feeling numb to the pain at the pump.

“For consumers today, paying more to fill-up their gas tank may feel less shocking due to the national average pushing within pennies of $3 a gallon the last two spring seasons,” said Jeanette Casselano, AAA spokesperson. “However, there is good news for consumers this summer – the highest prices of the year could be in the rearview mirror. With most refineries operating at normal levels, demand at robust rates, and cheaper crude oil prices, summer gas prices are poised to be a little less than last year – dropping as much as a dime to lower the national average to $2.70.”

AAA is being cautious in their forecast however, saying that if demand rises while gasoline stocks remain low, pump prices could see modest increases, especially if supply is tight in local markets.