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)
Reopening America, One Step at a Time
April 30, 2020
Washington, D.C. – President Donald Trump announced two weeks ago that America had turned a corner in its war on the Coronavirus. “The battle continues,” he said, “but the data suggests that nationwide we have passed the peak on new cases.”
The next day, he unveiled guidelines for states to begin safely reopening our country.
U.S. President Donald J. Trump
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)
National Gas Price Average drops as United States Gas demand Plummets
April 12, 2020
Tampa, FL – Today’s national gas price average is $1.92. That is nine cents cheaper than last Monday, 48 cents less than a month ago and 81 cents less expensive than a year ago.
On the week, pump prices continued to push less expensive with gasoline demand registering at its lowest point since 1993.
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)
AAA says as Temperatures Drop across the Country, so has Gas Prices
January 22, 2020
Tampa, FL – The national gas price average is $2.54, which is three cents cheaper than last week, a penny less than last month, yet 30-cents more than a year ago.
Gas prices edged cheaper in the last week as gasoline stocks grew, measuring at 258 million bbl – a stock level not recorded by the Energy Information Administration (EIA) in nearly a year.
Gas Prices continue to fall at the pump. (AAA)
National Gas Price Average stays Steady despite Tensions with Iran
January 6, 2020
Tampa, FL – AAA says the national gas price average held steady on the week at $2.58, but that could change depending on the movement of crude oil prices due to geopolitical concerns.
Following airstrikes in Baghdad last Friday, which killed Iran’s Major General Qassem Soleimani, crude oil prices increased, causing market speculation about what could happen to gas prices in the near-term.
Gas Prices in Tennessee have risen 7 cents. (AAA)
