AAA says Gasoline Demand Drops to Lowest Level in Four Months
October 31, 2020
Tampa, FL – AAA reports gasoline demand has dropped significantly since the beginning of the month, down from 8.8 million b/d to 8.2 million b/d, according to the latest Energy Information Administration (EIA) report.
This latest demand measurement is the lowest since mid-June. While the drop isn’t out of the ordinary for this time of year, people tend to drive less in the fall, it is a staggering 14% less than last October.
Gasoline demand drops in the United States. (AAA)
AAA reports National Average at Cheapest Start to October Since 2016
October 12, 2020
Tampa, FL – AAA reports that at $2.18, the national gas price average is at the cheapest start to the month of October since 2016. That average is the same as a week ago, four cents cheaper than the start of this past September and nearly 50 cents cheaper than last year.
The national average held on the week as demand was mostly stable at 8.5 million b/d despite gasoline stocks increasing by 700,000 bbl.
National Gas Price Average for October is cheapest since 2016. (AAA)
AAA reports Low Gas Demand Continues to Push National Average Lower
September 26, 2020
Tampa, FL – The latest Energy Information Administration (EIA) report measures demand at 8.48 million b/d, which is a slight uptick from the previous week’s 8.39 million b/d.
However, the small increase — likely due to holiday road trips — is still 461,000 b/d lower than last year at this time. Low demand, even as total domestic stocks of gasoline declined to 231.5 million bbl, has helped keep pump prices low.
Gas prices at the pump fall slightly. (AAA)
AAA reports National Average Decreases as Gas Demand Remains Low
July 30, 2020
Tampa, FL – As COVID-19 Coronavirus case numbers surpass 4 million, demand for gasoline is weakening across the country. The latest Energy Information Administration (EIA) demand reading measures at 8.5 million b/d, which is about 11% less than a year ago.
The lower demand contributed to a cheaper national average on the week – down one penny to $2.18. This is the first time since late April that the national average has declined.
Lower demand contributes to cheaper National Gas Price Average on the week. (AAA)
AAA reports National Average rises back to $2.00 Per Gallon
June 10, 2020
Tampa, FL – For 66 days, the national gas price average held below the $2.00/gallon mark, pushing as cheap as $1.76. In the past week, the average has inched up to $2.03. Despite the consistent increases at the pump, prices are still significantly cheaper year-over-year.
In fact, during the first week of June the past five years, gas prices have typically averaged $2.81.
The National Gas Price average hit $2.03 this week. (AAA)
AAA reports Pump Prices, Crude Oil Continue to Decline
February 6, 2020
Tampa, FL – The national gas price average is $2.47, which is four cents cheaper than last week and 11 cents cheaper than the beginning of the year. Motorists are paying less to fill up especially as crude oil prices are less expensive.
“Gas prices are pushing cheaper for two reasons. Crude oil prices are $10.00 less a barrel than one month ago and U.S. gasoline stocks sit at an all-time record high,” said Jeanette Casselano, AAA spokesperson.
Gas Prices continue to fall at the pump. (AAA)
AAA reports National Gas Prices continue to decline
February 1, 2020
Washington, D.C. – AAA reports that the national gas price average is $2.51, which is three cents cheaper than last week, four cents less than last month, and 25 cents more than a year ago.
Gas prices have continued to drop over the last week as gasoline stocks grew again, measuring at 260 million bbl – the highest stock level ever recorded by the Energy Information Administration (EIA) since it began recording the data in 1990.
Winter Gas Prices continue to fall due to rising Gas Stocks. (AAA)
AAA says as Temperatures Drop across the Country, so has Gas Prices
January 22, 2020
Tampa, FL – The national gas price average is $2.54, which is three cents cheaper than last week, a penny less than last month, yet 30-cents more than a year ago.
Gas prices edged cheaper in the last week as gasoline stocks grew, measuring at 258 million bbl – a stock level not recorded by the Energy Information Administration (EIA) in nearly a year.
Gas Prices continue to fall at the pump. (AAA)
Subaru of America recalls over 250,000 certain 2003-2014 vehicles because Passenger Frontal Air Bag Inflator May Explode
January 14, 2020
Washington, D.C. – The National Highway Traffic Safety Administration (NHTSA) reports that Subaru of America, Inc. (Subaru) is recalling certain 2009-2013 Forester, 2003-2006 Baja, 2004-2011 Impreza, 2004-2014 WRX (including STI), 2003-2014 Legacy and Outback, and 2006 Saab 9-2X vehicles because the passenger frontal air bag inflator may explode.
An inflator explosion may result in sharp metal fragments striking the driver or other occupants resulting in serious injury or death.
2014 Subaru Legacy is one of the models being recalled by Subaru of America, Inc.
National Gas Price Average stays Steady despite Tensions with Iran
January 6, 2020
Tampa, FL – AAA says the national gas price average held steady on the week at $2.58, but that could change depending on the movement of crude oil prices due to geopolitical concerns.
Following airstrikes in Baghdad last Friday, which killed Iran’s Major General Qassem Soleimani, crude oil prices increased, causing market speculation about what could happen to gas prices in the near-term.
Gas Prices in Tennessee have risen 7 cents. (AAA)
