National Gas Price Average for Labor Day on Track to Be Cheapest in Three Years
August 27, 2019
Tampa, FL – At $2.59, AAA says the national gas price average is poised to be potentially the cheapest Labor Day weekend average in three years. Today’s average is already nearly a quarter cheaper than during last year’s holiday ($2.83) and four cents cheaper than 2017’s Labor Day ($2.63).
“For Americans who bookend summer with road trips, they will find gas prices this coming weekend that are cheaper than this past Memorial Day and last year’s Labor Day holiday,” said Jeanette Casselano, AAA spokesperson.
Demand at All-Time High, Slowing Pump Price Decreases
August 24, 2019
Tampa, FL – AAA says summer may be ending, but gasoline demand is soaring to new heights. In its latest reading, the Energy Information Administration (EIA) recorded demand at 9.93 million b/d, the highest since the agency began recording data in 1991.
As demand jumped, gasoline stocks fell by 1.4 million bbl and pump prices slowed their decline on the week.
AAA reports Domestic Gasoline Stocks Soar, Push Down Gas Prices
August 18, 2019
Tampa, FL – AAA says the national gas price average, $2.64, represents a seven-cent drop on the week as domestic gasoline stocks built by a surprising 4.4 million bbl, according to the Energy Information Administration’s (EIA) latest data.
Contributing to the build was at least 1.2 million b/d of imports at U.S. ports. With the large bump, stocks now sit 235 million bbl – a U.S. stock level not seen in nearly five months (end of March).
AAA says National Gas Price Average Cheaper on the Week, Month and Year
August 7, 2019
Tampa, FL – AAA reports that the average national gas price dropped by two cents to $2.71 on the week. This is less expensive than a week, a month (-4 cent) and a year (-15 cents) ago. Prices are cheaper as demand saw a small dip on the week, even though overall demand remains robust for the summer.
“While gas prices continue to drop, the rate at which they are decreasing has slowed,” said Jeanette Casselano, AAA spokesperson.
Tennessee is one of the nation’s top 10 least expensive gas markets. (AAA)
Pump Prices Push Cheaper for a Another Week
August 2, 2019
Tampa, FL – Today’s national average is $2.73. While this is two cents more expensive than on the same day last month, it is three cents cheaper than last week and 12-cents less expensive than a year ago.
“Gas prices this month are on average a dime less expensive than in July 2018. These less expensive gas prices have encouraged summer road trips as evidenced by robust demand numbers since May,” said Jeanette Casselano, AAA spokesperson.
Gas prices at the pump continue to fall. (AAA)
AAA reports Gas Price Increases at the Pump Slowing Across the Country
July 24, 2019
Tampa, FL – On the week, AAA says all but eight states saw gas price averages push cheaper or remain stable. At $2.76, the national gas price average is three cents less expensive than last Monday. This is the first time in four weeks that the national average has seen a weekly decline.
“Gasoline stocks remain robust amid a recent dip in demand, which could be one reason we are seeing pump prices starting to roll back,” said Jeanette Casselano, AAA spokesperson.
AAA says Gas Prices are rising this Summer
July 13, 2019
Tampa, FL – As summer temperatures rise, so are gas prices according to AAA. State averages have jumped, pushing up the national average nearly a dime to $2.75 in the last 15 days.
In addition to rising gasoline demand, 13 states this month have introduced new gas taxes that have contributed to the national average increase. Those states include California, Connecticut, Illinois, Indiana, Maryland, Michigan, Montana, Nebraska, Ohio, Rhode Island, South Carolina, Tennessee, and Vermont.
AAA says Going Against Usual Trends, Demand Drives Gas Prices Down Even Lower
July 7, 2019
Tampa, FL – For the week ending June 14th, 2019, U.S. gasoline demand hit its highest level at 9.93 million b/d. It is the highest level ever recorded since the Energy Information Administration (EIA) began publishing data in 1991.
Counterintuitively, as motorists drive demand to new heights, pump prices pushed even cheaper across the country on the week. This is due to the recent trend in cheaper crude pricing and because crude comprises roughly 60% of the costs people pay at the pump, drivers are seeing summer savings.
Gas Prices continue to fall at the Pump despite rising demand. (AAA)
AAA says Pump Prices are Dropping Fast with Summer approaching
June 18, 2019
Tampa, FL – AAA reports that since Memorial Day the national average dropped six cents on the week, following a consistent downward trend.
The decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand. However, the latest Energy Information Administration (EIA) report reveals that total domestic gasoline inventories jumped a million bbl last week, helping to push pump prices lower.
According to AAA, U.S. Gasoline Inventories continue to grow. (AAA)
AAA reports Gas Prices continue to decline
June 6, 2019
Tampa, FL – AAA says that today’s national average is $2.81, which is two cents cheaper than last week, eight cents less than last month and 13 cents less than last year.
With the exception of the Rockies states, Alaska and Indiana, motorists across the country are saving as much as 23 cents/gallon to fill up as compared to last month.
AAA says Pump Prices Continue to Push Lower for Majority of Motorists. (AAA)
