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 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 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)
National Gas Price Average rises Two Cents
April 30, 2021
Tennessee has some of the Cheapest Gas Prices in the Country
Washington, D.C. – At 9.1 million b/d, United States gasoline demand recorded its second-highest measurement since mid-March 2020, indicating that motorists are filling up more often.
This latest demand reading is the highest spring number released by the Energy Information Administration (EIA) in two years. In fact, it is only about 3% below the same week in 2019.
U.S. Demand Readings Looking More Like Spring. (AAA)
AAA says Crude Oil Prices Hit Highest Price Point in Nine Months
December 11, 2020
Washington, D.C. – AAA reports that pump prices increased on the week despite U.S. gasoline demand falling below 8 million b/d, the lowest weekly reading since June and the softest demand reading for the week of Thanksgiving since 1997.
At $2.16, the national gas price average is more expensive on the week (+4 cents) and the month (+5 cents), but cheaper (-42 cents) compared to last year at this time.
Crude oil prices hit nine month high. (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 Supply Continues to Outpace Demand at Benefit to Motorists
October 16, 2020
Tampa, FL – Over the weekend Hurricane Delta made landfall in southwestern Louisiana as a category 2 hurricane. While the storm caused some disruptions, refineries are reporting operations have resumed.
The Colonial Pipeline Line 1, the main gas line, was down temporarily over the weekend due to loss of power, which has since been restored as well as service. Line 2, the distillates line, is currently shutdown without power.
National Gas Price Average remains Stable despite recent Hurricanes. (AAA)
AAA reports National Average at Cheapest Start to October Since 2016
October 12, 2020
Tampa, FL – AAA reports that at $2.18, the national gas price average is at the cheapest start to the month of October since 2016. That average is the same as a week ago, four cents cheaper than the start of this past September and nearly 50 cents cheaper than last year.
The national average held on the week as demand was mostly stable at 8.5 million b/d despite gasoline stocks increasing by 700,000 bbl.
National Gas Price Average for October is cheapest since 2016. (AAA)
National Gas Price Average Holds Steady as Demand Grows Slightly
October 4, 2020
Tampa, FL – The latest Energy Information Administration (EIA) report measures demand at 8.52 million b/d, which is a slight uptick from the previous week’s 8.48 million b/d. However, the small increase is still 850,000 b/d lower than last year at this time.
“Low demand, even as gasoline stocks decline, has helped pump prices decline or hold steady on the week,” said Jeanette Casselano, AAA spokesperson.
Gas prices dropped some in most states this week. (AAA)
