Crude Oil Prices Spike Following Attacks on Saudi Arabian Oil Facilities
September 16, 2019
Tampa, FL – On the week, the national gas price average held steady at $2.56, but motorists can expect some volatility at the pump in the coming days and weeks.
Over the weekend, Saudi Arabia experienced drone attacks on two major oil facilities – including the world’s largest, Abqaiq. The attacks have taken 5.7 million (crude) barrels per day off the market, accounting for about 6% of the global supply.
Americans Can Expect Pump Price Jumps Coming to Stations as Soon as this Week. (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 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 Despite Year-Over-Year Gasoline Stock Level Deficit, Gas Prices Decline
May 23, 2019
Tampa, FL – According to AAA, Gas prices are nearly six cents cheaper in some states across the country on the week, which has pushed the national gas price average cheaper by a penny to $2.85 today.
That average could have been even lower had a handful of Midwest states not seen prices increase by more than a nickel due to ongoing refinery maintenance.
Gas prices continue to decline at the pump. (AAA)
Robust Gas Demand Continues to Shrink Stocks and Drive Up Pump Prices
April 28, 2019
Tampa, FL – AAA reports that consumer gasoline demand this spring remains robust as stocks continue to decline.
In its latest weekly petroleum report, the Energy Information Administration revealed that while demand decreased slightly to 9.41 million b/d last week, the rate is more than 325,000 b/d higher than where it was last year at this time.
Gas prices continue to rise at the pump according to AAA. (AAA)
National Average Sees Smallest Weekly Increase in Eight Weeks
April 24, 2019
AAA
Tampa, FL – With only a penny increase on the week, the national gas price average saw the smallest one-week jump since mid-February. For the last eight weeks, weekly jumps ranged anywhere between a nickel and a nearly a quarter.
“On the week, 30 states saw pump price increases or decreases of three cents or less which helped keep the national average relatively steady, but motorists shouldn’t get their hopes up just yet,” said Jeanette Casselano, AAA spokesperson.
AAA reports National Gasoline Average Jumps a Nickel on the Week
April 8, 2019
AAA
Tampa, FL – At $2.74, the national gas price average increased a nickel on the week and is eight cents more than last year at this time. And compared to one month ago, gas prices are 28 cents more expensive.
As demand holds steady and inventories continue to tighten, motorists continue to see gas prices increase in every region.
AAA says Motorists Already Considering Adding at least One Summer Road Trip If Gas Prices Remain Low
April 7, 2019
AAA
Washington, D.C. – Spring fever may be in the air, but American motorists already have summer road trips top of mind.
AAA’s latest Gas Price survey found that if gas prices remain low, 1 in 3 Americans (33 percent) would likely plan another summer road trip while 27 percent would increase the distance of one – with Generation X more likely to do both than Baby Boomers.
AAA Forecasts Spring National Gas Price Average to Reach $2.75. (AAA)
