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 reports More Expensive Gas Prices Expected This Summer
July 7, 2021
Clarksville-Montgomery County has the Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee gas prices rose four cents over last week as a forecast record-breaking 939,000 Tennesseans hit the road for the Independence Day holiday weekend. The Tennessee Gas Price average is now $2.88 which is the same as one month ago and nearly 95 cents more than one year ago.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “We had hoped that global crude production increases would bring some relief at the pump this month, but weekend OPEC negotiations fell through with no agreement reached. As a result, crude prices are set to surge to a seven-year-high.”
Tennessee ranks as the 10th least expensive market in the nation. (AAA)
AAA says Tennesseans Expected to See Most Expensive Independence Day Gas Prices Since 2014
July 2, 2021
Nashville, TN – The Tennessee gas price average fell a penny over last week as over 939,000 Tennesseans prepare to take a road trip for the upcoming Independence Day holiday weekend. The Tennessee Gas Price average is now $2.84 which is three cents less than one month ago and 89 cents more than one year ago.
“Even though gas prices have been trending less expensive over the last two weeks, Tennesseans are expected to see the most expensive Independence Day gas prices since 2014,” said Megan Cooper, spokesperson, AAA – The Auto Club Group.
Tennessee ranks as the 9th least expensive market in the nation. (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 Gas Stocks Increase for Four Straight Weeks Helping to Minimize Pump Price Fluctuation
June 23, 2021
Washington, D.C. – Increasing gasoline stock levels have helped to keep gas prices mostly stable across the country. On the week, 40 state gas price averages held steady or saw fluctuation of only one to two cents. This helped the national average decrease by a penny since last Monday, down to $3.07 today.
According to Energy Information Administration (EIA) data, total gasoline stocks sit at 242.9 million bbl, which is a 9 million bbl surplus compared to the same week in June 2019.
On the week, Gas Price Averages have remained steady. (AAA)
AAA reports Gas Prices in Tennessee are holding steady
June 15, 2021
Clarksville-Montgomery County has the Third Most Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee gas prices held steady over last week with today’s state average coming in at the same price as one week ago. The Tennessee Gas Price average is now $2.88 which is only a penny more expensive than one month ago and $1.00 more than one year ago.
“Motorists are paying, on average, 37% more to fill up than the start of the year,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “Prices for the rest of the month are likely to push more expensive, but if crude production increases, as forecasted, there is the possibility of seeing some relief at the pump later this summer.”
High crude oil prices could push pump prices higher. (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 Tennessee Gas Prices go up One Cent
June 7, 2021
Nashville, TN – AAA says gas prices across Tennessee increased by a penny, on average, over last week. The Tennessee Gas Price average is now $2.88 which is 17 cents more than one month ago and nearly $1.10 more than one year ago.
“We expect this week’s demand number to increase as it will reflect Memorial Day holiday weekend travel, but it’s not likely to lead to an increase in gas prices for the majority of motorists,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “However, crude oil is on the rise and could prop up pump prices.”
Upward pressure on gas prices expected in short term. (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)
