AAA reports Tennessee Gas Prices drops 2 Cents ahead of Thanksgiving
November 24, 2020
Clarksville-Montgomery County has the 3rd Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee gas prices, on average, are nearly two cents cheaper heading into the Thanksgiving holiday. The Tennessee Gas Price average is now $1.85 which is nearly seven cents less than one month ago and nearly 46 cents less than one year ago.
“Typically, cheaper gas prices are an incentive for people to travel during a holiday weekend, but that is just not the case this year,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group.
Tennessee moves to the 7th least expensive gas market in United States. (AAA)
AAA reports Tennessee Gas Price Average rises Two Cents
November 22, 2020
Nashville, TN – Tennessee gas prices, on average, are up two cents this week – breaking a four week streak of declines. The Tennessee Gas Price average is now $1.87 which is seven cents less than one month ago and 46 cents less than one year ago.
“Following a jump in demand, Tennessee broke its 29-day streak of declines and the state gas price average rose two cents,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “However, with many states seeing rising COVID-19 case numbers and a number of officials warning against holiday travel, demand is likely to see a dip in coming weeks.”
Tennessee moves to 8th least expensive market in the nation. (AAA)
AAA reports Gas Demand Weakens as Motorist Continue to See Cheaper Pump Prices
November 14, 2020
Tampa, FL – The national gas price average pushed a penny cheaper on the week to $2.11 following an increase in gasoline stocks and a dip in demand. Stocks added 1.5 million bbl to total 227.6 million bbl, in the Energy Information Administration’s latest report, while demand decreased to 8.3 million b/d.
“As some states increase travel restrictions and others roll back reopening processes, demand is positioned to weaken, though not likely drop as low as we saw in March and April,” said Jeanette Casselano McGee, AAA spokesperson. “That translates to a continuation of cheaper gas prices at the pump.”
National Gas Price Average drops one cent. (AAA)
AAA reports Tennessee Gas Price Average drops another Two Cents
November 12, 2020
Nashville, TN – The Tennessee gas price average continues to decline and has dropped two cents over last week. The Tennessee Gas Price average is now $1.85 which is nine cents less than one month ago and nearly 51 cents less than one year ago.
Tennessee’s state gas price average has declined the past 27 consecutive days for a total discount of nine cents.
Tennessee remains the ninth least expensive gas market in the United States. (AAA)
AAA reports Crude Oil Drops to Lowest Price in Five Months
November 5, 2020
Tampa, FL – Mounting concerns about the increase in global COVID-19 Coronavirus cases and the reinstatement of lockdown policies in some countries has driven crude oil prices down to the lowest closing price – $35.00/bbl – since June. In comparison, last year at this time crude was pricing at about $20.00/bbl more expensive.
As crude prices decreased last week, the United States saw fluctuation in gasoline demand and supply.
Oil Prices Decline
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)
AAA says Tennessee Gas Price Average Falls Two Cents
October 27, 2020
Nashville, TN – Tennessee gas prices fell, on average, by two cents over the last week. The Tennessee Gas Price average is now $1.91 which is nearly 2 cents less than one month ago and 40 cents less than one year ago.
“The U.S. has a very healthy level of gasoline stocks due to lower demand and that is keeping gas prices low,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Tennessee’s state gas price average has declined the past 13 consecutive days, for a total discount of four cents.”
The Tennessee Gas Price average has declined for 13 consecutive days. (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 says Tennessee Gas Prices Fall One Cent
October 20, 2020
Nashville, TN – AAA reports that Tennessee gas prices dropped by a penny, on average, over the last week. The Tennessee Gas Price average is now $1.93 which is a penny less than one month ago and 41 cents less than one year ago.
“Decreases in U.S. gasoline demand, supply and imports helped push pump prices lower on the week,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “It’s likely that motorists will continue to see pump prices decline this week.”
Tennessee remains the 9th least expensive market in nation. (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)
