COVID-19 Omicron Variant concerns cause Gas Price Drop
December 27, 2021
Nashville, TN – Tennessee gas prices fell another 1.5 cents this week bringing the Tennessee Gas Price average to $2.99. Prices are now one cent cheaper than last month, but still 95 cents more than this time last year.
Across the nation, gasoline prices fluctuated over the past few days as fears of an omicron-driven economic slowdown were countered by news of a severe fire at a major oil refinery.
Fears of omicron-driven economic slowdown countered by news of a severe fire at major oil refinery. (AAA)
AAA reports Tennessee Gas Prices Higher after Refinery Issues
July 16, 2018
AAA
Tampa, FL – Gas prices are trending lower after an small jump at the pump last week. Gas prices in Tennessee are 2 cents higher than a week ago. The state average of $2.63 is 10 cents less than this year’s high, yet remains 61 cents more than this time last year.
Pump prices rose last week after reports surfaced of seven gulf coast refineries dealing with various operational issues.
Refinery Issues Push Gas Prices Higher. (AAA)
AAA reports Refineries recovering from Hurricane Harvey, Irma Stirs Uncertainty
September 6, 2017
Tampa, FL – Gas prices spiked during the past week in response to Hurricane Harvey’s impact on the fuel refining region in the Gulf Coast.
This left motorists with the most expensive Labor Day gas prices in three years. Just as operations in the Gulf Coast begin to recover, motorists are faced with the potential of another major storm.
Gas Prices rise due to Hurricane Harvey’s impact on Gulf Coast oil refineries.
AAA Forecasts Hurricane Harvey to Impact Gas Prices
August 25, 2017
Washington, D.C. – As it bears down on the Gulf of Mexico, Hurricane Harvey has high potential to negatively affect five southern Texas coast refineries and condensate splitter as well as crude and gasoline inventory levels in the region and beyond. The National Weather Service’s (NWS) National Hurricane Center (NHC) expects Harvey to approach the southern Texas coast on Friday.
Additionally, the Government of Mexico has issued a tropical storm watch for the area south of the mouth of the Rio Grande to Boca de Catan.
AAA says that all five refineries in the Corpus Christi area are likely to be shuttered as a precaution because of the incoming storm.
AAA reports Gas Prices Fall for Twenty Consecutive Days
January 30, 2017
Tampa, FL – Increased U.S. crude oil production and lower gasoline demand has kept downward pressure on the national average price at the pump, which has fallen for 20 consecutive days.
Today’s national average price for regular unleaded gasoline is $2.22 per gallon, down eight cents versus last week, a decline of 7 cents compared to one month ago and 41 cents more per gallon year-over-year.
Seasonal demand pushes gas prices lower but refinery maintenance may cause prices to rebound
AAA says Gas Prices Could Rise 10 Cents in March
March 2, 2016
February gas prices were the lowest in 12 years
Tampa, FL – Motorists found the cheapest gas prices for the month of February since 2004. The monthly average was $1.77 in Florida, $1.67 in Georgia, $1.54 in Tennessee, and $1.73 nationwide.
February gas prices dip for first time in 10 years. Throughout the month, gas prices declined a total of 5 cents nationwide, 9 cents in Florida, 7 cents in Georgia, and 8 cents in Tennessee.
Oil Prices on the Rise
AAA says New Year, New Low Gas Prices
December 28, 2015
Gas prices on New Year’s Day are likely to be the lowest since January 1st, 2009
Tampa, FL – More than 90 million Americans, on the holiday road, are finding the lowest average gas prices for the year-end holidays since 2008-09. The national average price for a gallon of gasoline is $2.00 nationally, $2.01 in Florida, $1.91 in Georgia, and $1.76 in Tennessee.
“Gasoline could get even cheaper in the coming weeks, as some of the lowest prices of the year typically arrive in January,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Once the holiday season wraps up, fewer people take long distance road trips, leading to a downturn in demand at a time when supplies are high.”
