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)
