AAA reports National Gas Price Average Jumps by a Dime in One Week
September 24, 2019
Tampa, FL – AAA says that last week was the first time since early June that the national gas price average jumped more than a nickel in under a few days. On the week, it’s a dime more expensive at $2.66 with half of states seeing prices increase by 10 cents or more.
However, even with the significant increase, the national average is still cheaper compared to last month (-6 cents) and last year (-19 cents).
Gas prices holding steady according to AAA. (AAA)
Crude Oil Prices Spike Following Attacks on Saudi Arabian Oil Facilities
September 16, 2019
Tampa, FL – On the week, the national gas price average held steady at $2.56, but motorists can expect some volatility at the pump in the coming days and weeks.
Over the weekend, Saudi Arabia experienced drone attacks on two major oil facilities – including the world’s largest, Abqaiq. The attacks have taken 5.7 million (crude) barrels per day off the market, accounting for about 6% of the global supply.
Americans Can Expect Pump Price Jumps Coming to Stations as Soon as this Week. (AAA)
Gas Price Trends Falling into Place for Autumn
September 12, 2019
Tampa, FL – AAA says gas prices continue to trend – slowly, but surely – cheaper with half of all states seeing pump prices drop two-cents on the week. This caused the national average to push cheaper by a penny down to $2.56. Today’s average is 11-cents less than a month ago and 28-cents cheaper than a year ago.
In its latest weekly report, the Energy Information Administration (EIA) notes that U.S. gasoline demand saw a steady decline from 9.9 million b/d to 9.4 million b/d, a reading typical for the start of fall.
Gas prices to get cheaper this Autumn. (AAA)
AAA says Most Consumers Continue to See Decreases at Gas Pump
September 4, 2019
Tampa, FL – On the week, AAA says gas prices are as much as nine cents cheaper in every state except California, (+5 cents), Florida (+4 cents), Ohio (+2 cents) and South Carolina (+1 cent).
Hurricane Dorian has been the driver for the increases in Florida and, most likely, South Carolina.
Hurricane Dorian Puts Pressure on Florida Gas Prices. (AAA)
National Gas Price Average for Labor Day on Track to Be Cheapest in Three Years
August 27, 2019
Tampa, FL – At $2.59, AAA says the national gas price average is poised to be potentially the cheapest Labor Day weekend average in three years. Today’s average is already nearly a quarter cheaper than during last year’s holiday ($2.83) and four cents cheaper than 2017’s Labor Day ($2.63).
“For Americans who bookend summer with road trips, they will find gas prices this coming weekend that are cheaper than this past Memorial Day and last year’s Labor Day holiday,” said Jeanette Casselano, AAA spokesperson.
Demand at All-Time High, Slowing Pump Price Decreases
August 24, 2019
Tampa, FL – AAA says summer may be ending, but gasoline demand is soaring to new heights. In its latest reading, the Energy Information Administration (EIA) recorded demand at 9.93 million b/d, the highest since the agency began recording data in 1991.
As demand jumped, gasoline stocks fell by 1.4 million bbl and pump prices slowed their decline on the week.
AAA reports Domestic Gasoline Stocks Soar, Push Down Gas Prices
August 18, 2019
Tampa, FL – AAA says the national gas price average, $2.64, represents a seven-cent drop on the week as domestic gasoline stocks built by a surprising 4.4 million bbl, according to the Energy Information Administration’s (EIA) latest data.
Contributing to the build was at least 1.2 million b/d of imports at U.S. ports. With the large bump, stocks now sit 235 million bbl – a U.S. stock level not seen in nearly five months (end of March).
AAA says National Gas Price Average Cheaper on the Week, Month and Year
August 7, 2019
Tampa, FL – AAA reports that the average national gas price dropped by two cents to $2.71 on the week. This is less expensive than a week, a month (-4 cent) and a year (-15 cents) ago. Prices are cheaper as demand saw a small dip on the week, even though overall demand remains robust for the summer.
“While gas prices continue to drop, the rate at which they are decreasing has slowed,” said Jeanette Casselano, AAA spokesperson.
Tennessee is one of the nation’s top 10 least expensive gas markets. (AAA)
Pump Prices Push Cheaper for a Another Week
August 2, 2019
Tampa, FL – Today’s national average is $2.73. While this is two cents more expensive than on the same day last month, it is three cents cheaper than last week and 12-cents less expensive than a year ago.
“Gas prices this month are on average a dime less expensive than in July 2018. These less expensive gas prices have encouraged summer road trips as evidenced by robust demand numbers since May,” said Jeanette Casselano, AAA spokesperson.
Gas prices at the pump continue to fall. (AAA)
AAA reports Gas Price Increases at the Pump Slowing Across the Country
July 24, 2019
Tampa, FL – On the week, AAA says all but eight states saw gas price averages push cheaper or remain stable. At $2.76, the national gas price average is three cents less expensive than last Monday. This is the first time in four weeks that the national average has seen a weekly decline.
“Gasoline stocks remain robust amid a recent dip in demand, which could be one reason we are seeing pump prices starting to roll back,” said Jeanette Casselano, AAA spokesperson.
