AAA: Have Gas Prices Peak?
June 20, 2016
Tampa, FL – Gas prices may have hit their annual peak. The national average price for a gallon of gasoline has declined for eight consecutive days. Regionally, prices have been falling longer: 12 days in Florida (5¢) and Georgia (6¢), and 11 days in Tennessee (6¢).
“Gas prices usually hit their highest point of the year during the first six months and that could be what has happened in the past couple weeks,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
AAA reports Memorial Day Gas Prices hit 11 Year Low
May 31, 2016
Summer gas prices forecast to be the lowest in more than a decade
Tampa, FL – Today, motorists found the lowest gas prices on Memorial Day in 11 years. The average price for a gallon of gasoline was $2.32 nationwide, $2.25 in Florida, $2.27 in Georgia, and $2.16 in Tennessee.
This year’s average prices were 42 cents (US), 39 cents (FL & GA), and 32 cents (TN) lower than last year’s holiday averages.
AAA reports Gas Prices still falling as Oil Prices Rise
February 1, 2016
Tampa, FL – Gas prices continue falling at a rate of a half cent a day, despite increases in the price of oil last week. Crude prices rose more than $3.00 last week, while the national average dropped 3 cents.
Pump prices have fallen 25 out of the past 30 days. The current average price for a gallon of regular unleaded is $1.80 nationwide, $1.83 in Florida, $1.73 in Georgia, and $1.61 in Tennessee.
AAA says Thanksgiving Gas Prices hit seven year low
December 2, 2015
Tampa, FL – Last week, motorists enjoyed the lowest Thanksgiving gas prices in seven years (2008). Gas prices declined throughout the holiday weekend, as was forecasted by AAA.
Some non-AAA analysts attempted to grab headlines by forecasting that the national average would dip below $2.00 in time for the holiday, but that did not happen, as the national average on Thanksgiving Day was $2.05 – 75 cents lower than the year before.
AAA reports another Week of Increased Pump Prices
October 12, 2015
Tampa, FL – Elevated demand and seasonal refinery maintenance kept upward pressure on the price of gasoline last week.
The national average price for a gallon of gasoline rose 2 cents from last week, while average prices jumped 7 cents in Florida, 1-cent in Georgia and 3 cents in Tennessee.
Quarterly gains endure September’s volatility
October 4, 2014
Clarksville, TN – September reinforced its reputation as one of the worst months for stocks. The S&P 500, for example, dropped 1.5%. Thankfully, the declines over the past two weeks weren’t enough to entirely erase the gains we have seen over the past quarter.
In fact, the broad-market index, which reached a record high on September 18th, just managed to post its seventh straight quarterly gain.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 27th, 2014
August 27, 2014
Clarksville, TN – Market participants had expected Fed Chair Janet Yellen to adopt a decidedly “dovish” tone in her Jackson Hole speech.
However, Yellen presented a balanced assessment of the evidence and theories of labor market slack. While Yellen still sees plenty of labor market slack currently, she left the monetary policy outlook as an open question.
She repeated the notion (also included in the FOMC minutes) that the Fed could firm monetary policy sooner if the economy strengthens more than anticipated, but could also tighten more slowly if the economy disappoints.
Frazier Allen
AAA says Gas Prices decline despite Overseas Conflicts
August 18, 2014
Tampa, FL – Gas prices continued to slide last week. Motorists are finding gasoline at or below $3.20 in metro markets like Columbus, Chattanooga, Memphis, Orlando and Tampa.
“Motorists are reaping the benefits of booming domestic oil production which has provided the cheapest gas prices for August in years,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The price of oil declined slightly last week, so gas prices could slip even more this week.” [Read more]
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 10th, 2014
August 10, 2014
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee tapered another $10 billion from the monthly pace of asset purchases (now at $25 billion, with the program on track to be completed at the end of October).
The Fed provided no additional guidance on short-term interest rates, but repeated that the federal funds rate target would likely remain exceptionally low for “a considerable period” after the asset purchase program ends and that economic conditions will likely warrant a below-normal federal funds rate even as the Fed nears its employment and inflation goals.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 3rd, 2014
August 3, 2014
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee tapered another $10 billion from the monthly pace of asset purchases (now at $25 billion, with the program on track to be completed at the end of October).
The Fed provided no additional guidance on short-term interest rates, but repeated that the federal funds rate target would likely remain exceptionally low for “a considerable period” after the asset purchase program ends and that economic conditions will likely warrant a below-normal federal funds rate even as the Fed nears its employment and inflation goals.
Frazier Allen
