AAA reports National Gas Price Average Stabilizes
August 20, 2021
Washington, D.C. – New data from the Energy Information Administration (EIA) showed that gas demand and supply decreased.
Moving from 9.78 million b/d to 9.43 million b/d last week, the latest demand measurement is 500,000 b/d lower than the rate at this time in 2019, signaling that summer gas demand is likely softening as the school year starts and concerns about transmission of COVID-19 Coronavirus grow as infection rates continue to increase.
Gas Demand and Supply Dip as Pump Prices remain High but Steady. (AAA)
AAA reports Gas Prices have risen 15 cents since May
August 4, 2021
Washington, D.C. – Americans are paying a pretty penny to hit the road this summer. The monthly national gas price average has increased from $3.00 in May to $3.07 in June to $3.15 in July. The beginning of August will likely be as expensive as July, especially as crude oil prices remain over $70.00 per barrel.
An increase in global crude production is expected this month. However, even with the additional supply, global demand could outpace global supply and keep prices high.
Winter Storm shuts down refineries causing gas prices to spike. (AAA)
United States Gas Demand Soars
July 15, 2021
Washington, D.C. – At 10 million b/d, gasoline demand reached a new Energy Information Administration (EIA) record last week, and that number only partially reflects Independence Day holiday weekend travel.
The nearly 1 million b/d jump in demand drove down gasoline supplies by 6.1 million bbl to 235,000 million bbl and consequently pushed the national average pump price up to $3.14.
Gas Demand Soars to Record High in the United States. (AAA)
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 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)
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 reports National Average Decreases as Gas Demand Remains Low
July 30, 2020
Tampa, FL – As COVID-19 Coronavirus case numbers surpass 4 million, demand for gasoline is weakening across the country. The latest Energy Information Administration (EIA) demand reading measures at 8.5 million b/d, which is about 11% less than a year ago.
The lower demand contributed to a cheaper national average on the week – down one penny to $2.18. This is the first time since late April that the national average has declined.
Lower demand contributes to cheaper National Gas Price Average on the week. (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 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)
