AAA says Gasoline Demand Declines for Fourth Straight Week
December 16, 2020
Washington, D.C. – AAA reports that since the beginning of November, U.S. gasoline demand has softened.
The Energy Information Administration’s (EIA) data shows demand measured at 8.7 million b/d for the week ending November 6th. In their latest report, for the week ending December 4th, demand measured at 7.6 million b/d. That is the lowest reading since the end of May and marks four weeks of straight decline.
Gas Demand continues decline. (AAA)
AAA reports Gas Prices fall heading into Thanksgiving Holiday
November 25, 2020
Washington, D.C. – At $2.10, this Thanksgiving’s national gas price average is shaping up to be the lowest since 2015. The holiday weekend average that year was a nickel cheaper at $2.05.
“Typically, cheaper gas prices are an incentive for people to travel during a holiday weekend, but that is just not the case this year,” said Jeanette Casselano, AAA spokesperson.
Gas prices continue to decline at the pump. (AAA)
AAA reports Tennessee Gas Prices drops 2 Cents ahead of Thanksgiving
November 24, 2020
Clarksville-Montgomery County has the 3rd Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee gas prices, on average, are nearly two cents cheaper heading into the Thanksgiving holiday. The Tennessee Gas Price average is now $1.85 which is nearly seven cents less than one month ago and nearly 46 cents less than one year ago.
“Typically, cheaper gas prices are an incentive for people to travel during a holiday weekend, but that is just not the case this year,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group.
Tennessee moves to the 7th least expensive gas market in United States. (AAA)
AAA reports Gas Demand Weakens as Motorist Continue to See Cheaper Pump Prices
November 14, 2020
Tampa, FL – The national gas price average pushed a penny cheaper on the week to $2.11 following an increase in gasoline stocks and a dip in demand. Stocks added 1.5 million bbl to total 227.6 million bbl, in the Energy Information Administration’s latest report, while demand decreased to 8.3 million b/d.
“As some states increase travel restrictions and others roll back reopening processes, demand is positioned to weaken, though not likely drop as low as we saw in March and April,” said Jeanette Casselano McGee, AAA spokesperson. “That translates to a continuation of cheaper gas prices at the pump.”
National Gas Price Average drops one cent. (AAA)
AAA reports Tennessee Gas Price Average drops another Two Cents
November 12, 2020
Nashville, TN – The Tennessee gas price average continues to decline and has dropped two cents over last week. The Tennessee Gas Price average is now $1.85 which is nine cents less than one month ago and nearly 51 cents less than one year ago.
Tennessee’s state gas price average has declined the past 27 consecutive days for a total discount of nine cents.
Tennessee remains the ninth least expensive gas market in the United States. (AAA)
AAA reports Crude Oil Drops to Lowest Price in Five Months
November 5, 2020
Tampa, FL – Mounting concerns about the increase in global COVID-19 Coronavirus cases and the reinstatement of lockdown policies in some countries has driven crude oil prices down to the lowest closing price – $35.00/bbl – since June. In comparison, last year at this time crude was pricing at about $20.00/bbl more expensive.
As crude prices decreased last week, the United States saw fluctuation in gasoline demand and supply.
Oil Prices Decline
AAA reports Tennessee Gas Price Average drops Four Cents
November 4, 2020
Clarksville-Montgomery County has the 3rd Cheapest Gas Prices in Tennessee
Nashville, TN – The Tennessee gas price average continues to decline and has dropped four cents over last week. The Tennessee Gas Price average is now $1.87 which is seven cents less than one month ago and 43 cents less than one year ago.
Tennessee’s state gas price average has declined the past 20 consecutive days for a total discount of seven cents.
Pump prices are 18 cents less than the average price on Election Day 2016. (AAA)
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)
United States Gasoline Demand, Supply, Imports Decline on the Week Along with Gas Prices
October 21, 2020
Tampa, FL – Gasoline demand, according to the Energy Information Administration (EIA), back tracked for the week ending Oct. 9, decreasing from 8.90 million b/d to 8.58 million b/d.
Lower demand, even as total domestic stocks decreased by 1.6 million bbl to 225.1 million bbl and imports fell to their lowest rate since Sept. 18, has contributed to pump price decreases for the majority of the country.
National average is $2.16, which is two cents less than a week and month ago. (AAA)
AAA says Tennessee Gas Prices Fall One Cent
October 20, 2020
Nashville, TN – AAA reports that Tennessee gas prices dropped by a penny, on average, over the last week. The Tennessee Gas Price average is now $1.93 which is a penny less than one month ago and 41 cents less than one year ago.
“Decreases in U.S. gasoline demand, supply and imports helped push pump prices lower on the week,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “It’s likely that motorists will continue to see pump prices decline this week.”
Tennessee remains the 9th least expensive market in nation. (AAA)
