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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

Robust Gas Demand Continues to Shrink Stocks and Drive Up Pump Prices

April 28, 2019

AAATampa, FL – AAA reports that consumer gasoline demand this spring remains robust as stocks continue to decline.

In its latest weekly petroleum report, the Energy Information Administration revealed that while demand decreased slightly to 9.41 million b/d last week, the rate is more than 325,000 b/d higher than where it was last year at this time.

Gas prices continue to rise at the pump according to AAA. (AAA)

Gas prices continue to rise at the pump according to AAA. (AAA)

[Read more]

National Average Sees Smallest Weekly Increase in Eight Weeks

April 24, 2019

AAA 

AAATampa, FL – With only a penny increase on the week, the national gas price average saw the smallest one-week jump since mid-February. For the last eight weeks, weekly jumps ranged anywhere between a nickel and a nearly a quarter.

“On the week, 30 states saw pump price increases or decreases of three cents or less which helped keep the national average relatively steady, but motorists shouldn’t get their hopes up just yet,” said Jeanette Casselano, AAA spokesperson.

2015-2019 National Gas Price Comparison - April 22nd [Read more]

AAA reports Unplanned Refinery Maintenance Boosts Pump Prices While Gas Stocks Continue to Shrink

April 11, 2019

AAA

AAATampa, FL – Refinery maintenance season has hit some unexpected bumps in the road, leading to higher pump prices as the nation settles into spring.

According to new data released from the Energy Information Administration (EIA), total domestic refinery utilization – a measure of how much crude and other feedstocks refineries use to make various products, including gasoline – fell to 86.4 percent last week.

Gas prices have risen slightly reports AAA. (AAA)

Gas prices have risen slightly reports AAA. (AAA)

[Read more]

AAA reports National Gasoline Average Jumps a Nickel on the Week

April 8, 2019

AAA

AAATampa, FL – At $2.74, the national gas price average increased a nickel on the week and is eight cents more than last year at this time. And compared to one month ago, gas prices are 28 cents more expensive.

As demand holds steady and inventories continue to tighten, motorists continue to see gas prices increase in every region.

2015-2019 National Gas Price Comparison - April 8th [Read more]

AAA says Motorists Already Considering Adding at least One Summer Road Trip If Gas Prices Remain Low

April 7, 2019

AAA

AAAWashington, D.C. – Spring fever may be in the air, but American motorists already have summer road trips top of mind.

AAA’s latest Gas Price survey found that if gas prices remain low, 1 in 3 Americans (33 percent) would likely plan another summer road trip while 27 percent would increase the distance of one – with Generation X more likely to do both than Baby Boomers.

AAA Forecasts Spring National Gas Price Average to Reach $2.75. (AAA)

AAA Forecasts Spring National Gas Price Average to Reach $2.75. (AAA)

[Read more]

National Gas Price Average Jumps Eight Cents on the Week

March 27, 2019

AAA

AAATampa, FL – With an eight-cent jump on the week, at $2.62, the national average continues to trend more expensive since mid-February. While today’s national average is nearly a quarter more expensive than last month, it is only two cents more expensive than last year at this time.

“Thanks to increasing demand and tightening gasoline stocks across the country, March gas prices came in like a lion and will not go out like a lamb,” said Jeanette Casselano, AAA spokesperson.

2015-2019 National Gas Price Comparison - March 25th [Read more]

National Gas Price Jumps Seven Cents on the Week

March 24, 2019

AAA 

AAATampa, FL – AAA says that at $2.54, the national gas price average is 7 cents more expensive on the week and 23-cents more than last month. However, today’s price is just as expensive as the same day a year ago.

In fact, for the first time since the end of November last year, the national gas price average the past four days was identical or a penny more expensive year-over-year.

2015-2019 National Gas Price Comparison - March 19th [Read more]

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]

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