AAA reports Tennessee Gas Price Average remains unchanged
September 20, 2021
Nashville, TN – The Tennessee gas price average held steady over last week. The Tennessee Gas Price average remains $2.89 which is two cents more than one month ago and nearly 95 cents more than one year ago.
“Hurricane Nicholas complicated and slowed the recovery from Ida, but the seasonal drop-off in demand helped mitigate price increases on the week,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group.
Tennessee moves to the 7th least expensive market in the nation. (AAA)
AAA reports National Gas Price Average Drops Slightly
September 15, 2021
Washington, D.C. – With the height of summer in the rearview mirror, motorists are seeing some relief at the pump, as the national gas price average dropped by a penny on the week to $3.17.
However, the recovery from Hurricane Ida remains slow, with the latest U.S. data showing just under half of the U.S. offshore oil production in the Gulf still idle after companies shuttered production ahead of the storm.
As Fall Approaches, National Gas Price Average drops one cent. (AAA)
AAA reports that Crude Oil Price Drops $5.00/bbl to Lowest Price since May
August 25, 2021
Washington, D.C. – Crude oil prices saw a significant decline of $5.00/bbl on the week, down to $62.32/bbl at Friday’s close. Prices are declining as market concerns grow that crude demand will decline as coronavirus infections increase across the globe. The downward crude price trend could spell good news for motorists.
“Crude oil prices saw not only a dramatic drop on the week, but the price per barrel is at the cheapest in three months,” said Jeanette McGee, AAA spokesperson.
Gas Demand and National Gas Price Average Decline on the Week. (AAA)
AAA reports Tennessee Gas Prices Fall Almost Three Cents
August 23, 2021
Clarksville-Montgomery County has the Third Lowest Gas Prices in Tennessee
Nashville, TN – The Tennessee gas price average declined for the second week in a row, falling nearly three cents over last week. The Tennessee Gas Price average is now $2.84 which is two cents less than one month ago and 93 cents more than one year ago.
“Crude oil prices saw not only a dramatic drop on the week, but the price per barrel is at the cheapest in three months,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “If this downward trend continues and less expensive prices are sustained, Tennesseans can expect to see additional relief at the pump in the near future. This week, Tennessee is the 5th least expensive market in the nation.”
Tennessee moves to Fifth least expensive market in the nation. (AAA)
AAA reports National Gas Price Average Stabilizes
August 20, 2021
Washington, D.C. – New data from the Energy Information Administration (EIA) showed that gas demand and supply decreased.
Moving from 9.78 million b/d to 9.43 million b/d last week, the latest demand measurement is 500,000 b/d lower than the rate at this time in 2019, signaling that summer gas demand is likely softening as the school year starts and concerns about transmission of COVID-19 Coronavirus grow as infection rates continue to increase.
Gas Demand and Supply Dip as Pump Prices remain High but Steady. (AAA)
AAA reports Tennessee Gas Price Average drops almost Two Cents
August 19, 2021
Nashville, TN – The Tennessee gas price average declined slightly over last week, falling nearly two cents, on average. The Tennessee Gas Price average is now $2.87 which is a penny less than one month ago and 97 cents more than one year ago.
“Leading up to Labor Day, pump price fluctuations are likely to continue due to high crude oil prices,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Traditionally, gas demand typically drops considerably at the end of the summer which brings much-needed relief at the pump to drivers in the fall and winter driving seasons.”
Tennessee remains the 9th least expensive market in the nation. (AAA)
AAA reports National Gas Price Average Jumps to Highest Price of the Year
August 11, 2021
Washington, D.C. – Crude oil prices dropped below $70.00/bbl at the end of last week in reaction to concerns about the delta variant, growing COVID-19 Coronavirus case numbers, and the possibility of potential lockdowns. While crude is a little cheaper, gas prices are still positioned to remain high in August.
Today’s national average is $3.19. That is the most expensive gas price average of the year as well as $1.02 more than a year ago, a nickel more than a month ago, and two cents more than a week ago.
Crude Prices Fluctuate, but Remain High Amid Growing Global COVID Concerns. (AAA)
AAA reports Gas Prices have risen 15 cents since May
August 4, 2021
Washington, D.C. – Americans are paying a pretty penny to hit the road this summer. The monthly national gas price average has increased from $3.00 in May to $3.07 in June to $3.15 in July. The beginning of August will likely be as expensive as July, especially as crude oil prices remain over $70.00 per barrel.
An increase in global crude production is expected this month. However, even with the additional supply, global demand could outpace global supply and keep prices high.
Winter Storm shuts down refineries causing gas prices to spike. (AAA)
AAA reports National Gas Price Average Drops Some as Crude Oil Prices undergo Dramatic Fluctuation
July 30, 2021
Washington, D.C. – Motorists saw some positive change at the pump on the week with 31 state gas price averages declining one to five cents. The national gas price average pushed two cents cheaper to $3.15. One factor contributing to the decline was U.S. gasoline demand remaining relatively flat on the week.
At this point, it is too early to say if cheaper pump prices will be sustained or continue their downward trend. Part of the unknown is due to fluctuating crude prices, which dropped to a low of $66.00/bbl last Monday, but were back over $70.00/bbl by the end of the week.
Gas prices at the pump dip this week. (AAA)
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)
