Gas Prices continue Slow Decline
December 13, 2021
Washington, D.C. – AAA reports pump prices continue their slow seasonal descent, despite a slight rebound in oil prices due to waning fears of a global slowdown caused by the COVID-19 omicron variant.
The national average for a gallon of gas fell two cents on the week to $3.33.
AAA reports Gas Price Average could see Temporary Hike after Hurricane Ida
September 2, 2021
Washington, D.C. – According to AAA, the national gas price average decreased by two cents as of Sunday, the cheapest price since early July, but was back up a penny to $3.15 Monday morning following Hurricane Ida.
The storm has left more than one million people in Louisiana and Mississippi without power and has likely taken about 13% of U.S. refining capacity offline. There were nine oil refineries in Ida’s path; at least four were believed to have shut down operations ahead of the storm.
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)
National Gas Average increased 13 Cents since Memorial Day Holiday
July 22, 2021
Washington, D.C. – Since Memorial Day weekend, the national gas price average has increased 13 cents to $3.17. That is 98 cents more than a year ago, but 41 cents cheaper than this time in July 2014, when the national average was last above $3.00/gallon.
One of the primary reasons for more expensive gas prices this summer is high crude oil prices. However, last week crude prices fluctuated from a high of $75,00/bbl down to $71,00/bbl.
It is a Cruel Summer at the Gas Pump. (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 reports Crude Oil climbs to Highest Price in 3 Years
June 14, 2021
Washington, D.C. – At $70.00/bbl, crude oil has increased to its highest price since October 2018 and is now $23/bbl more expensive than it was this past January.
Crude prices have steadily climbed this year along with optimism for the COVID-19 Coronavirus vaccine and the promising impact it will have on global gasoline demand.
Gas Prices Climb on the Week. (AAA)
AAA reports Memorial Day Travelers will Pay Highest Gas Prices since 2014
May 27, 2021
Washington, D.C. – Motorists hitting the road this week to celebrate the unofficial kick-off to summer will be greeted with the most expensive Memorial Day weekend gas prices since 2014.
The national average has stabilized following the Colonial Pipeline cyberattack, but pump prices are likely to fluctuate leading up to the holiday weekend.
National Gas Price Average Declines for First Time since Colonial Pipeline Shutdown. (AAA)
AAA reports Southeast Continues to See Tight Supply as Gas Prices Stabilize
May 23, 2021
Washington, D.C. – The national gas price average is the most expensive in six years at $3.04. Gas prices were expected to flirt with $3.00/gallon leading up to Memorial Day weekend, but last week’s shutdown of the Colonial Pipeline caused prices to spike weeks ahead of the holiday.
On the week, the national average jumped eight cents.
Gas prices likely to still be fluctuating in some southern states during Memorial Day Weekend. (AAA)
President Donald Trump, Members of the Coronavirus Task Force statements at Press Briefing
April 19, 2020
Washington, D.C. – President Donald Trump: Thank you very much. Good afternoon. We continue to see a number of positive signs that the virus has passed its peak. It’s been very devastating all over the world. A hundred and eighty-four countries. Probably more. That number was as of a week ago.
Dr. Birx will walk through some of these trends in a few moments, but they’re very positive trends for winning. Going to win. We’re going to close it out.
U.S. President Donald J. Trump
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)
