Home / Auto News / News article: Gas Prices Lower on Average than this Time Last Year - AutoGuide.com News
 |  Jun 11 2012, 7:45 PM

Gas prices are always a hot issue in the summer but with more fuel efficient cars available than ever before consumers are turning keen attention to what they pay at the pump — even though gas is cheaper than it was a year ago.

A new study released by the American Automobile Association (AAA) shows that gas actually costs less on average right now than it did a year ago. Until recently this year, gas prices were on an upward trend that sent sales toward the increasingly available subcompact and even smaller micro car segment.

Vehicles like the Fiat 500 and Chevrolet Sonic saw sales increases, as did hybrids thanks to a worried customer base. With gas prices cooling off, people will probably be less likely to take fuel efficiency over space and comfort — two of the classic points of sale in American vehicle preference.

With prices where they are now at a national average $3.54 for regular grade gas, it seems unlikely that many people will be willing to sacrifice heavily to save at the pump.

Still, it might be comforting to know that a year ago you were actually spending more to refill your thirsty Ford Explorer, even if it feels outrageously expensive.

 

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