Campgrounds that are open for winter camping may be pleased to hear that gas prices have recently decreased, which could potentially lead to an increase in visitors to their campsites. The national average pump price has dropped 12 cents since last week to $3.14, according to AAA.
In a release published by the automotive association on Monday, there are now around 20 states with averages below $3 per gallon.
“The cost of oil, gasoline’s main ingredient, has been hovering in the low-to-mid $70s per barrel, and that’s $50 less than the peak last Spring,” said Andrew Gross, AAA spokesperson. “Combined with low seasonal demand, gas prices could slide a bit more before leveling off.”
According to data from the Energy Information Administration (EIA), gas demand decreased slightly last week, coinciding with the start of the winter driving season. This decrease in demand, combined with an increase in supply and lower gasoline prices, may make it more affordable for potential campers to take road trips and visit campgrounds.
The current national average of $3.14 is 54 cents less than it was a month ago and 16 cents less than it was a year ago, providing further encouragement for campers to hit the road.
Lower gas prices could also potentially benefit campground owners by making it more affordable for them to transport supplies and equipment.
It’s worth noting that gas prices can fluctuate for a variety of reasons, so it’s possible that prices could change in the future. However, the current lower gas prices may provide a welcomed boost to the campground industry.
Gas prices are a key factor that can affect the cost of transportation and the overall economy. When gas prices are low, it can make it more affordable for people to drive and for businesses to transport goods, which can stimulate economic activity.
Conversely, high gas prices can discourage driving and lead to slower economic activity.