Gas Prices continue Slow Decline
December 13, 2021
Washington, D.C. – AAA reports pump prices continue their slow seasonal descent, despite a slight rebound in oil prices due to waning fears of a global slowdown caused by the COVID-19 omicron variant.
The national average for a gallon of gas fell two cents on the week to $3.33.
Omicron COVID-19 news causes Oil Prices to plummet
November 29, 2021
Washington, D.C. – Crude oil prices initially tumbled more than $10.00 to $68 a barrel on Friday after news of the Omicron COVID-19 Coronavirus variant broke.
Meanwhile, consumers caught a little break as the national average price for a gallon of gas dropped to $3.39, down a penny since last week.
Will Gas Prices Follow Drop in Oil Prices? (AAA)
Crude Oil prices tumble
November 28, 2021
Washington, D.C. – After stubbornly staying above $80.00 a barrel since Labor Day, the price of crude oil tumbled this week into the mid-$70.00s.
Fears of slowing economic activity in the U.S. and Europe due to a resurgence of COVID-19 Coronavirus, along with reports that the Joe Biden Administration is calling for a simultaneous release of stockpiled oil by large oil-consuming nations, including the U.S., China, Japan, and South Korea, is putting downward pressure on crude prices. The national average price for a gallon of gas is $3.40, down a penny since last week.
Will Falling Oil Prices Bring Relief at the Pump? (AAA)
National Gas Price Average surges Higher
October 26, 2021
Washington, D.C. – The recent surge in the price of gas may seem spooky this Halloween, but it’s not frightening people away from driving as demand continues to rise. The national average price for a gallon of gasoline rose six cents over the past week to hit $3.38.
The pump price has gone up every day in the past 27 days, adding approximately 20 cents to the cost of a gallon of gas.
Ghastly Gas Prices Haunt Consumers at the Pump. (AAA)
AAA says Cost of Gasoline Is Still Going Up
October 18, 2021
Washington, D.C. – The national average for a gallon of gasoline rose a nickel over the past week to hit $3.32. The primary driver of this surge remains the cost of crude oil, which is now closing daily above $80.00 a barrel. In August, the price of crude was in the low $60.00s per barrel.
“Compared to the price of gas a year ago, it now costs consumers about $17.00 more to fill up their vehicles,” said Andrew Gross, AAA spokesperson. “That’s the cost of a large pizza with toppings. And unfortunately, it doesn’t look like drivers will be finding relief at the pump any time soon.”
National Gas Price Average for a gallon of gasoline went up Five Cents this past week. (AAA)
Rising Crude Oil Prices means Higher Prices at the Gas Pump
October 11, 2021
Washington, D.C. – The national average price for a gallon of gas rose 8 cents on the week to reach $3.27. This is the highest price since October 2014 and is primarily due to the surging price of crude oil, which crept above $80.00 bbl before edging slightly lower.
“The key driver for this recent rise in the price of gas is crude oil, which typically accounts for between 50% and 60% of the price at the pump,” said AAA Spokesperson Andrew Gross.
Surging price of Crude Oil results in highest National Average Gas Prices in Seven Years. (AAA)
AAA Offers Tips for End of Summer Travel and Beyond
August 21, 2021
Orlando, FL – Americans returned to travel in droves this summer, with recent AAA Travel bookings up at least 11% over 2019 levels, and even more people excitedly planning trips for 2022 and beyond. As summer comes to a close, travel volumes around Labor Day are expected to remain high.
Though, with a resurgence of COVID-19 Coronavirus cases attributed to the delta variant, some travelers are wondering if they should take that last summer trip – or continue with their future travel plans.
COVID-19 delta variant raises new considerations for today’s travelers. (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 releases Travel Update: National Parks get Busier, Hawaii Requires COVID-19 Tests, Check Your Passport
June 19, 2021
Nashville, TN – Traveler enthusiasm continues to grow as destinations reopen around the world. On Wednesday, the European Union voted to add the United States to its safe travel list.
While this would make it easier for Americans to vacation in Europe without quarantining, each of the 27 member states may have different testing and vaccination requirements for inbound travelers.
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)
