National Gas Average increased 13 Cents since Memorial Day Holiday
July 22, 2021
Washington, D.C. – Since Memorial Day weekend, the national gas price average has increased 13 cents to $3.17. That is 98 cents more than a year ago, but 41 cents cheaper than this time in July 2014, when the national average was last above $3.00/gallon.
One of the primary reasons for more expensive gas prices this summer is high crude oil prices. However, last week crude prices fluctuated from a high of $75,00/bbl down to $71,00/bbl.
It is a Cruel Summer at the Gas Pump. (AAA)
United States Gas Demand Soars
July 15, 2021
Washington, D.C. – At 10 million b/d, gasoline demand reached a new Energy Information Administration (EIA) record last week, and that number only partially reflects Independence Day holiday weekend travel.
The nearly 1 million b/d jump in demand drove down gasoline supplies by 6.1 million bbl to 235,000 million bbl and consequently pushed the national average pump price up to $3.14.
Gas Demand Soars to Record High in the United States. (AAA)
AAA says Crude Oil Prices to Hit 7-Year High this Week with National Gas Price Average to Increase to $3.25 this Month
July 8, 2021
Washington, D.C. – The national gas price average has increased 40% since the start of the year, from $2.25 on January 1 to $3.13 today. Moreover, it is not stopping there. Motorists can expect gas prices to increase another 10–20 cents through the end of August, bringing the national average well over $3.25 this summer.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, AAA spokesperson.
Winter Storm shuts down refineries causing gas prices to spike. (AAA)
AAA says expect High Gas Prices for Independence Day Holiday Weekend
June 28, 2021
Washington, D.C. – At $3.09, the national gas price average is at its highest of the year and not stopping. That average will increase, possibly as much as another nickel, in the lead up to Independence Day as AAA forecasts a record-breaking 43.6 million Americans will hit the road for a holiday getaway.
This year’s Independence Day holiday weekend is defined as Thursday, July 1st – Monday, July 5th, 2021.
No Freedom from High Gas Prices during Independence Day Holiday. (AAA)
AAA reports Crude Oil climbs to Highest Price in 3 Years
June 14, 2021
Washington, D.C. – At $70.00/bbl, crude oil has increased to its highest price since October 2018 and is now $23/bbl more expensive than it was this past January.
Crude prices have steadily climbed this year along with optimism for the COVID-19 Coronavirus vaccine and the promising impact it will have on global gasoline demand.
Gas Prices Climb on the Week. (AAA)
AAA says Pump Prices Fluctuate as Demand Declines, Crude Oil Prices Climb
June 9, 2021
Washington, D.C. – After ten days of stability, the national gas price average increased a penny over the weekend to $3.05. On the week, the majority of states’ (26) gas price averages either increased by one cent or saw no movement.
Only two states saw prices increase a nickel or more. Prices are poised to fluctuate in the coming week, especially in light of a recent drop in demand.
National Gas Price Average goes up One Cent. (AAA)
AAA reports Motorists see Minimal Movement at the Pump over Holiday Weekend
June 5, 2021
Washington, D.C. – AAA says that at $3.04, the national gas price average only increased one penny leading up to Memorial Day weekend. The majority of states saw no change to pump prices or a decline on the week.
However, prices may not stay stagnant for long. For the week ending May 21st, demand jumped to 9.4 million b/d—the highest reported number since early March 2020 and up nearly 30% over the same week last year, indicating motorists are filling up more frequently.
With rising demand, crude oil price increases and decreasing supply levels, Gas prices are likely to fluctuate through all of June. (AAA)
AAA reports Memorial Day Travelers will Pay Highest Gas Prices since 2014
May 27, 2021
Washington, D.C. – Motorists hitting the road this week to celebrate the unofficial kick-off to summer will be greeted with the most expensive Memorial Day weekend gas prices since 2014.
The national average has stabilized following the Colonial Pipeline cyberattack, but pump prices are likely to fluctuate leading up to the holiday weekend.
National Gas Price Average Declines for First Time since Colonial Pipeline Shutdown. (AAA)
AAA reports Southeast Continues to See Tight Supply as Gas Prices Stabilize
May 23, 2021
Washington, D.C. – The national gas price average is the most expensive in six years at $3.04. Gas prices were expected to flirt with $3.00/gallon leading up to Memorial Day weekend, but last week’s shutdown of the Colonial Pipeline caused prices to spike weeks ahead of the holiday.
On the week, the national average jumped eight cents.
Gas prices likely to still be fluctuating in some southern states during Memorial Day Weekend. (AAA)
AAA says National Gas Price Average to climb this week due to Colonial Pipeline shutdown
May 12, 2021
Washington, D.C. – On the week, the national gas price average jumped six cents to $2.96. If the trend continues, an increase of three more cents would make the national average the most expensive since November 2014 –the last time we saw average prices at $2.99 and higher.
AAA forecasts gas prices to climb this week in reaction to the shutdown of the Colonial Pipeline, which delivers approximately 45% of all fuel to the East Coast.
Gas Prices Jump Six Cents on Week, Likely to Climb Higher with Major Pipeline Shutdown. (AAA)
