AAA reports National Gas Price Average holding Steady
August 4, 2020
Tampa, FL – On the week, AAA says that the national gas price average held steady at $2.18 as the majority of state averages saw minimal impact at the pump.
With the exception of a few outliers – Florida (+10 cents), Utah (+10 cents) and Idaho (+5 cents) – state averages either decreased by four cents or less or increased by no more than two pennies.
Gas Price Increases Stalling Across the Country. (AAA)
AAA reports National Gas Average Holds Steady on the Week
July 26, 2020
Tampa, FL – The national gas price average held steady on the week at $2.19 as 1/3 of states saw gas prices decrease and only 10 states saw gas prices increase by two to four cents.
State averages saw minimal fluctuation as demand roughly held steady over the last four weeks.
“During the last month, demand has averaged about 8.6 million b/d while, gasoline stocks have steadily declined,” said Jeanette Casselano, AAA spokesperson.
Gas Price Volatility is Low Across the Country. (AAA)
National Gas Price Average increases by One Penny
July 8, 2020
Tampa, FL – The national gas price average increased just one cent to $2.18 on the week despite a dip in United States demand for gasoline and gasoline stocks increasing by 1 million bbl.
The slight drop in demand – 47,000 b/d – amid the increase in stocks comes as many states report increases in COVID-19 Coronavirus cases, potentially causing Americans to reconsider outings.
Gas prices at the pump continue downward trend. (AAA)
AAA reports National Average rises back to $2.00 Per Gallon
June 10, 2020
Tampa, FL – For 66 days, the national gas price average held below the $2.00/gallon mark, pushing as cheap as $1.76. In the past week, the average has inched up to $2.03. Despite the consistent increases at the pump, prices are still significantly cheaper year-over-year.
In fact, during the first week of June the past five years, gas prices have typically averaged $2.81.
The National Gas Price average hit $2.03 this week. (AAA)
National Gas Price Average rises close to $2.00/Gallon
June 2, 2020
Tampa, FL – The national gas price average is $1.97, just one penny more expensive than last week. Part of the incremental jump can be attributed to increases in gasoline demand, which saw a 7% week-over-week increase.
However, demand is still down nearly 25% compared to last year, according to the Energy Information Administration’s (EIA) latest reports.
National gas price average has increased to $1.97. (AAA)
AAA reports only 12 States have Gas Price Average of $2.00/Gallon or More
May 3, 2020
Tampa, FL – As gas prices continue to push cheaper across the country, only one dozen states carry an average of $2.00/gallon or more. The national average is $1.77, which is four cents less than last week, 28 cents cheaper than last month and $1.11 less than a year ago.
Crude oil prices were extremely volatile last week, pushing negative for the first time ever, but they did make significant gains to end the week in the positive.
Most states have Gas Price Average below $2.00/Gallon. (AAA)
AAA says Gas Demand Plummets pushing Pump Prices Lower
April 20, 2020
Tampa, FL – AAA says that the national gas price average has steadily declined for seven weeks, pushing the average cheaper by 61-cents to $1.86 today. During this time frame (since late February), U.S. demand for gasoline has decreased 44% to 5 million b/d as gasoline inventories build across the country.
“We are seeing fast and furious gasoline demand destruction. The latest data reveals demand levels not seen since spring of 1968,” said Jeanette Casselano, AAA spokesperson. “Every U.S. region is seeing builds in gasoline inventories and crude storage, which is just driving pump prices even cheaper.”
No Immediate Impact to Pump Prices Expected with OPEC+ Historic Global Reduction Announcement. (AAA)
President Donald Trump, Members of the Coronavirus Task Force statements at Press Briefing
April 19, 2020
Washington, D.C. – President Donald Trump: Thank you very much. Good afternoon. We continue to see a number of positive signs that the virus has passed its peak. It’s been very devastating all over the world. A hundred and eighty-four countries. Probably more. That number was as of a week ago.
Dr. Birx will walk through some of these trends in a few moments, but they’re very positive trends for winning. Going to win. We’re going to close it out.
U.S. President Donald J. Trump
AAA reports Pump Prices, Crude Oil Continue to Decline
February 6, 2020
Tampa, FL – The national gas price average is $2.47, which is four cents cheaper than last week and 11 cents cheaper than the beginning of the year. Motorists are paying less to fill up especially as crude oil prices are less expensive.
“Gas prices are pushing cheaper for two reasons. Crude oil prices are $10.00 less a barrel than one month ago and U.S. gasoline stocks sit at an all-time record high,” said Jeanette Casselano, AAA spokesperson.
Gas Prices continue to fall at the pump. (AAA)
AAA reports National Gas Prices continue to decline
February 1, 2020
Washington, D.C. – AAA reports that the national gas price average is $2.51, which is three cents cheaper than last week, four cents less than last month, and 25 cents more than a year ago.
Gas prices have continued to drop over the last week as gasoline stocks grew again, measuring at 260 million bbl – the highest stock level ever recorded by the Energy Information Administration (EIA) since it began recording the data in 1990.
Winter Gas Prices continue to fall due to rising Gas Stocks. (AAA)
