AAA says Gasoline Demand Drops to Lowest Level in Four Months
October 31, 2020
Tampa, FL – AAA reports gasoline demand has dropped significantly since the beginning of the month, down from 8.8 million b/d to 8.2 million b/d, according to the latest Energy Information Administration (EIA) report.
This latest demand measurement is the lowest since mid-June. While the drop isn’t out of the ordinary for this time of year, people tend to drive less in the fall, it is a staggering 14% less than last October.
Gasoline demand drops in the United States. (AAA)
United States Gasoline Demand, Supply, Imports Decline on the Week Along with Gas Prices
October 21, 2020
Tampa, FL – Gasoline demand, according to the Energy Information Administration (EIA), back tracked for the week ending Oct. 9, decreasing from 8.90 million b/d to 8.58 million b/d.
Lower demand, even as total domestic stocks decreased by 1.6 million bbl to 225.1 million bbl and imports fell to their lowest rate since Sept. 18, has contributed to pump price decreases for the majority of the country.
National average is $2.16, which is two cents less than a week and month ago. (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)
AAA reports National Gas Price Average rises One Cent
August 25, 2020
All Eyes on Tropical Storms
Tampa, FL – At $2.18, the national gas price average increased by one cent on the week according to AAA. That is the same price as a month ago and 41 cents cheaper than a year ago.
The minimal change reflects the slow movement at pumps across the country on the week. The vast majority of states (30) saw pump prices fluctuate by a penny, if at all.
AAA says the National Average may have Peaked for the Year
August 21, 2020
Tampa, FL – The national gas price average has pushed only as expensive as $2.20 since the beginning of the COVID-19 Coronavirus pandemic, and that happened just one month ago.
In the last four weeks, motorists have seen the national average slowly decrease, down to today’s average of $2.17 despite gasoline demand last week reaching the highest measurement (up to 8.88 million b/d) since Mid-March, according to the latest Energy Information Administration (EIA) weekly report.
AAA reports Gas Demand Rises, Prices at Pump Climb
June 16, 2020
Tampa, FL – Americans are filling up at the pump more and more. Since mid-May, gasoline demand has increased 18% to 7.9 million b/d, according to the latest Energy Information Administration (EIA) report.
The slow, but steady rise in demand has pushed the national pump price more expensive by 13% in the same time frame. Today’s national average is $2.10. That is seven cents more on the week, 24 cents more on the month, but 59 cents cheaper on the year.
Prices at the Gas Pump continue to climb with increased demand. (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)
Subaru of America recalls over 250,000 certain 2003-2014 vehicles because Passenger Frontal Air Bag Inflator May Explode
January 14, 2020
Washington, D.C. – The National Highway Traffic Safety Administration (NHTSA) reports that Subaru of America, Inc. (Subaru) is recalling certain 2009-2013 Forester, 2003-2006 Baja, 2004-2011 Impreza, 2004-2014 WRX (including STI), 2003-2014 Legacy and Outback, and 2006 Saab 9-2X vehicles because the passenger frontal air bag inflator may explode.
An inflator explosion may result in sharp metal fragments striking the driver or other occupants resulting in serious injury or death.
2014 Subaru Legacy is one of the models being recalled by Subaru of America, Inc.
