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 Tennessee Gas Prices remain Steady
July 13, 2021
Nashville, TN – The Tennessee gas price average held steady over last week with today’s average the same as one week ago. The Tennessee Gas Price average is now $2.88 which is the same as one month ago and 94 cents more than one year ago.
“Peak summer driving season is in full-swing as Americans hit the road to explore and gas prices are not backing down,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “Motorists are paying, on average, nearly a dollar more a gallon than last summer to fill up and close to 40 cents more than in 2019.”
Tennessee remains the 10th least expensive market in the nation. (AAA)
AAA says Crude Oil Prices to Hit 7-Year High this Week with National Gas Price Average to Increase to $3.25 this Month
July 8, 2021
Washington, D.C. – The national gas price average has increased 40% since the start of the year, from $2.25 on January 1 to $3.13 today. Moreover, it is not stopping there. Motorists can expect gas prices to increase another 10–20 cents through the end of August, bringing the national average well over $3.25 this summer.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, AAA spokesperson.
Winter Storm shuts down refineries causing gas prices to spike. (AAA)
AAA reports More Expensive Gas Prices Expected This Summer
July 7, 2021
Clarksville-Montgomery County has the Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee gas prices rose four cents over last week as a forecast record-breaking 939,000 Tennesseans hit the road for the Independence Day holiday weekend. The Tennessee Gas Price average is now $2.88 which is the same as one month ago and nearly 95 cents more than one year ago.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “We had hoped that global crude production increases would bring some relief at the pump this month, but weekend OPEC negotiations fell through with no agreement reached. As a result, crude prices are set to surge to a seven-year-high.”
Tennessee ranks as the 10th least expensive market in the nation. (AAA)
AAA reports Gas Prices in Tennessee are holding steady
June 15, 2021
Clarksville-Montgomery County has the Third Most Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee gas prices held steady over last week with today’s state average coming in at the same price as one week ago. The Tennessee Gas Price average is now $2.88 which is only a penny more expensive than one month ago and $1.00 more than one year ago.
“Motorists are paying, on average, 37% more to fill up than the start of the year,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “Prices for the rest of the month are likely to push more expensive, but if crude production increases, as forecasted, there is the possibility of seeing some relief at the pump later this summer.”
High crude oil prices could push pump prices higher. (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 says Pump Prices Fluctuate as Demand Declines, Crude Oil Prices Climb
June 9, 2021
Washington, D.C. – After ten days of stability, the national gas price average increased a penny over the weekend to $3.05. On the week, the majority of states’ (26) gas price averages either increased by one cent or saw no movement.
Only two states saw prices increase a nickel or more. Prices are poised to fluctuate in the coming week, especially in light of a recent drop in demand.
National Gas Price Average goes up One Cent. (AAA)
AAA reports Tennessee Gas Prices go up One Cent
June 7, 2021
Nashville, TN – AAA says gas prices across Tennessee increased by a penny, on average, over last week. The Tennessee Gas Price average is now $2.88 which is 17 cents more than one month ago and nearly $1.10 more than one year ago.
“We expect this week’s demand number to increase as it will reflect Memorial Day holiday weekend travel, but it’s not likely to lead to an increase in gas prices for the majority of motorists,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “However, crude oil is on the rise and could prop up pump prices.”
Upward pressure on gas prices expected in short term. (AAA)
AAA reports April Saw Small Pump Price Changes, Larger Increases Likely in May
May 8, 2021
Washington, D.C. – At the start of May, the national gas price average is $2.90, which is three cents more than a month ago.
Pump prices in April saw minimal variability compared to March, which increased 15 cents from start to finish. Stable crude oil prices amid fluctuating demand helped keep the national average price jumps nominal last month.
Gas Prices expected to continue to rise in May. (AAA)
