AAA reports Gas Prices on Steady Decline
September 25, 2017
Nashville, TN – Gas prices are on a steep slide after reaching 3-year highs due to Hurricanes Harvey and Irma. Prices surged when Harvey struck refineries along the nation’s gulf coast. Then remained elevated as demand spiked in the southeastern U.S. following Hurricane Irma.
Now supply and demand levels are returning to normal, and prices are on the decline.
Gas Prices Should Decline 5-10 Cents This Week.
Tennessee Motor Vehicle Commission says Beware Flood-Related Vehicle Scams
September 23, 2017
Nashville, TN – Consumers who are shopping for a new vehicle should be aware that flood-damaged cars and trucks from states ravaged by Hurricanes Harvey and Irma will eventually surface in Tennessee.
In an effort to raise awareness, the Tennessee Motor Vehicle Commission, which is part of the Department of Commerce & Insurance’s Regulatory Boards division, is warning consumers to be alert for scammers who might disguise severely water-damaged vehicles as being perfectly good.
Consumers need to be on alert for scammers who might disguise severely water-damaged vehicles as being perfectly good.
AAA reports Gas Prices Hit Three Year Highs after Hurricanes
September 20, 2017
Nashville, TN – Gasoline availability continues to improve after Hurricane Irma drove-up demand and left many gas stations without fuel. A steady stream of ships delivering gasoline to Florida’s ports are helping to normalize supply levels in the southeastern U.S., and gas prices are beginning to drift a little lower.
Last week, gasoline hit the highest price in 3 years. During that time in 2014, oil was (and usually is) the main driver of pump prices, as crude traded between $65.00-$75.00 per barrel.
Southeastern states see the highest monthly increases in the United States.
AAA reports Refineries recovering from Hurricane Harvey, Irma Stirs Uncertainty
September 6, 2017
Tampa, FL – Gas prices spiked during the past week in response to Hurricane Harvey’s impact on the fuel refining region in the Gulf Coast.
This left motorists with the most expensive Labor Day gas prices in three years. Just as operations in the Gulf Coast begin to recover, motorists are faced with the potential of another major storm.
Gas Prices rise due to Hurricane Harvey’s impact on Gulf Coast oil refineries.
TDCI Cautions Investors to Watch for Scams in Wake of Hurricane Harvey
September 3, 2017
Nashville, TN – In the wake of widespread damage caused by Hurricane and Tropical Storm Harvey in Texas, the Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division is cautioning investors to watch out for opportunistic investment scams.
“As we are seeing in Texas, natural disasters bring out the best in people, with neighbors helping neighbors. Unfortunately, we know from experience that disasters can also bring out the worst in people, particularly those seeking to profit from the misfortune of others,” said TDCI Assistant Commissioner for Securities Frank Borger-Gilligan.
National Gas Price Average Hits Highest Pump Price of the Year
September 2, 2017
Tampa Bay, FL – At $2.45, today’s national gas price average is the highest recorded price for a gallon of unleaded gasoline so far this year.
The near-term combinations of numerous refinery and pipeline shut downs, tightened access to supply levels in the Gulf and anticipated high gasoline demand surrounding Labor Day weekend, means motorists may not have seen the full impact of Harvey at the pump.
Hurricane Harvey Induced Refinery and Pipeline Shut Downs Spur Short-Term Spike.
AAA reports Tennessee Gas Prices Point Higher After Hurricane Harvey
August 28, 2017
Clarksville-Montgomery Gas prices remain second cheapest in Tennessee
Nashville, TN – The gasoline market opened with a bang on Sunday night. The price on the NYMEX surged 7 percent in overnight trading, signaling upward momentum that is likely to carryover to prices at the pump.
“Hurricane Harvey hit a major supply line for gasoline in Florida and along the eastern seaboard,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Multiple refineries and drilling rigs had to be evacuated ahead of the storm, and the Houston Ship Channel was closed.
Oil prices hit highest close of the year
AAA Forecasts Hurricane Harvey to Impact Gas Prices
August 25, 2017
Washington, D.C. – As it bears down on the Gulf of Mexico, Hurricane Harvey has high potential to negatively affect five southern Texas coast refineries and condensate splitter as well as crude and gasoline inventory levels in the region and beyond. The National Weather Service’s (NWS) National Hurricane Center (NHC) expects Harvey to approach the southern Texas coast on Friday.
Additionally, the Government of Mexico has issued a tropical storm watch for the area south of the mouth of the Rio Grande to Boca de Catan.
AAA says that all five refineries in the Corpus Christi area are likely to be shuttered as a precaution because of the incoming storm.
