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Information Articles for the Paris TN and Henry County Tennessee area

Articles

Information Articles for the Paris TN and Henry County Tennessee area

Total Domestic Gas Stocks Continue to Tighten Amid Growing Demand

March 12, 2019

AAA

AAATampa, FL – AAA says in its latest weekly petroleum report, the Energy Information Administration (EIA) revealed that total gasoline stocks fell by 4.2 million bbl. They now sit at 250.7 million bbl, which is 300,000 bbl less than last year’s level at this time.

Meanwhile, EIA reported that demand for gasoline saw a slight uptick last week to 9.1 million b/d, growing by approximately 100,000 b/d from the previous week.

Prices at the Gas Pump rise slightly. (AAA)

Prices at the Gas Pump rise slightly. (AAA)

[Read more]

AAA says Winter Weather Continues to Knock Down Gas Demand

February 14, 2019

AAA

AAATampa, FL – AAA reports that frigid winter weather has played a critical role in keeping pump prices low this winter due to relatively low demand for gasoline.

For two weeks, demand numbers have been decreasing. The latest Energy Information Administration data reveals that gas demand fell by approximately 425,000 b/d from the previous week to 8.6 million b/d.

Gas Prices at the pump remain low. (AAA)

Gas Prices at the pump remain low. (AAA)

[Read more]

Crude Inventories Rise Less Than Expected

February 10, 2019

AAA

AAATampa, FL – According to AAA At the end of last week, total domestic crude oil inventories rose less than expected – a build of only 1.3 million bbl to total 447.2 million bbl, according to new data from the Energy Information Administration (EIA).

The slight build in crude inventories was supported by a sharp drop in demand for gasoline, which fell by approximately 500,000 b/d to 9.1 million b/d, according to EIA. With crude stockpiles growing less than anticipated, crude prices will likely continue to gain ground.

AAA reports Higher Oil and Pump Prices Likely Ahead.

AAA reports Higher Oil and Pump Prices Likely Ahead.

[Read more]

Gas Price Averages Inching Up Amid Rising Demand

January 30, 2019

AAA

AAATampa, FL – Many motorists filling up across the country are noticing gas prices that are increasing slightly. While nearly 25 states’ averages increased on the week, the national average is only a penny more than a week ago at $2.26.

The fluctuating national and state gas price averages come alongside an increase in gasoline demand and reflect the higher crude oil prices as of late, but it’s likely not to be a long-term trend.

While nearly 25 states’ averages increased on the week, the national average is only a penny more than a week ago. (AAA)

While nearly 25 states’ averages increased on the week, the national average is only a penny more than a week ago. (AAA)

[Read more]

AAA reports National Gas Price Average Inches Up for First Time in Three Months

January 27, 2019

AAA

AAATampa, FL – At a penny more expensive on the week, the national gas price average ($2.25) increased for the first time since October. Despite the increase, today’s average is still cheaper month-over-month (-14 cents) and year-over-year (-28 cents).

“The price of crude oil has been slowly, but steadily increasing since the beginning of the year, which is starting to push up pump prices,” said Jeanette Casselano, AAA spokesperson.

2016-2019 National Gas Price Comparison - January 14th [Read more]

AAA says Tennessee Gas Prices Up One Cent

January 22, 2019

AAA

AAANashville, TN Tennessee Gas prices are holding steady right now, but face upward pressure, due to recent strength in the oil market and rising wholesale gasoline prices. The average price for gasoline in Tennessee is $2.01 per gallon, but should rise another 3-5 cents this week. 

Tennessee motorists are paying 1-cent more than a week ago. However, the average price is still 7 cents less than last month, and 35 cents less than this time last year. Despite the anticipated uptick, the state average remains 72 cents per gallon less than last year’s high, and 68 cents per gallon less than what Tennessee motorists paid in October. 

Gas Prices at the Pump Rise on Renewed Oil Strength. (AAA)

Gas Prices at the Pump Rise on Renewed Oil Strength. (AAA)

[Read more]

Tennessee Gas Prices have Risen 3 Cents

January 16, 2019

AAA

AAANashville, TN – Gas prices are back on the rise, now that the oil market is regaining strength. Tennessee Gas prices increased 3 cents in the past four days. Sunday’s state average of $1.998 was just fractions of a cent from returning above $2.00 per gallon, for the first time since January 1st. Click here to view today’s average price. 

Pump prices in Tennessee are now rising for the first time in more than 12 weeks.

AAA reports Gas Prices at the Pump Rise after 90-Day Drop. (AAA)

AAA reports Gas Prices at the Pump Rise after 90-Day Drop. (AAA)

[Read more]

Gasoline Demand Hits Lowest Level in Nearly Two Years Pushing Pump Prices Even Cheaper

January 8, 2019

AAA

AAATampa, FL – The latest Energy Information Administration (EIA) data registers gasoline demand at 8.6 million b/d for the week ending December 28th – the lowest level on record since February 2017.

Despite record motor vehicle travel for the holiday, demand was down nearly 900,000 bbl, suggesting that demand this winter could be lower than expected.

Prices at the Gas Pump continue to drop. (AAA)

Prices at the Gas Pump continue to drop. (AAA)

[Read more]

AAA reports Tennessee Gas Prices Sink to 25-Month Lows

January 7, 2019

AAA

AAANashville, TN Prices at the pump are off to their lowest start to the month of January since 2016. Gas prices in Tennessee dropped another 3.5 cents last week. The state average has now declined a total of 71 cents since October. 

Tennessee motorists are now paying an average price of $1.98 per gallon – the lowest daily average since December 2016. Compared to last Memorial Day, when the state average peaked at around $2.73 per gallon, Tennessee motorists are now saving more than $11.00 on a full 15-gallon tank of gasoline. 

As vacationers hit the road, they will find a quarter (25 percent) of all gas stations across the country are selling gas for more than $3.00/gallon. (AAA)

As vacationers hit the road, they will find a quarter (25 percent) of all gas stations across the country are selling gas for more than $3.00/gallon. (AAA)

[Read more]

2019 Rings in Cheapest New Year Gas Prices Since 2016

January 6, 2019

AAA

AAATampa, FL – The New Year has ushered in the cheapest national gas price average in three years. To boot, at $2.25 today’s national average is even one cent cheaper than on January 1st, 2019 and trends indicate that pump prices will likely remain cheap for at least the first half of the month.

Today, 29 state gas price averages are at or below the national average of $2.25 with Missouri touting the cheapest at $1.83. Hawaii ($3.34) carries the most expensive average.

AAA expects prices to remain the same despite OPEC production cuts. (AAA)

AAA expects prices to remain the same despite OPEC production cuts. (AAA)

[Read more]

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