AAA reports Pump Prices have Dropped for Eight Consecutive Days
January 21, 2017
Tampa, FL – Gas prices have fallen for eight consecutive days, reaching today’s national average price of $2.34 per gallon. The price of retail gasoline has retreated since last week with today’s average three cents less per gallon than one week ago, but ten cents more than one month ago and 43 cents more per gallon year-over-year.
The slight decrease in retail prices can be attributed to less demand and adequate supply, but this downward dip may only be temporary as the market awaits OPEC’s December monthly output report which is due out later this week.
AAA reports Gas Prices Stabilize during Holiday Weekend
December 27, 2016
Tampa, FL – The holiday season is in full swing, attracting an estimated 103.1 million American travelers. An estimated 93.6 million Americans are expected to take a road trip during the 11-day period (December 23rd – January 2nd).
Yet, despite the elevated demand for gasoline, prices at the pump remained unchanged throughout the Christmas weekend.
Oil prices have stablized which is why prices at the pump haven’t risen in 10 days.(AAA)
AAA reports Oil Prices Tumbling, Lower Gas Prices Expected
November 8, 2016
Colonial Pipeline Restored Service to Line 1 Sunday Morning
Tampa, FL – A major shift occurred in the oil markets last week, suggesting gas prices could soon plummet. Oil prices tumbled to 6-week lows, due to an unexpected record-high build in domestic crude oil inventories.
The crude oil forecast has now gone from an imminent $55.00-$60.00 a barrel range, to $40.00 a barrel or below – the same level as we saw last winter, when gas prices were less than $2.00 a gallon.
Oil Prices Decline
AAA says Gas Prices Drop to Close Out Labor Day Weekend
September 7, 2016
Tampa, FL – The national average price for regular unleaded gasoline has dropped six consecutive days after rising for 16 straight days to close out August. Today’s national average is $2.20 per gallon. Gas prices started turning lower heading into the Labor Day weekend, which marks the unofficial end to the summer driving season.
Today’s national average is two cents less than a week ago and 18 cents less than a year ago but 8 cents more than one month ago. The year-on-year discount persists but has closed more than 30 cents in just 20 days.
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 says Drivers paying highest Gas Prices since November
April 18, 2016
Oil market will keep gas prices volatile
Tampa, FL – Nationally, motorists are paying $2.11 per gallon, up 7 cents from last week, and the highest price at the pump since November 2015. The national average has remained above $2.00 a gallon for 25 consecutive days and could rise another 10-15 cents by Memorial Day.
“Many drivers saw gas prices jump up this week,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “Oil averaged $4.00 higher than last week, which put upward pressure on gasoline prices. Even though prices are up nearly 15 cents from a month ago, motorists are still enjoying a 30 cent savings year over year.”
AAA says drivers paid Cheapest Gas Prices in 12 Years
April 4, 2016
Fuel Savings Approach $10 Billion in the First Quarter of 2016 Compared to the Same Period Last Year
Tampa, FL – Americans paid the cheapest quarterly gas prices in twelve years during the first three months of 2016. Motorists have saved nearly $10 billion on gas so far this year compared to the same period in 2015.
The national average price of gas during the first quarter was $1.86 per gallon, making it the cheapest quarter for gasoline since January-March 2004. Gas prices are expected to remain relatively low compared to recent years, though average prices could rise another 25 cents per gallon by Memorial Day.
AAA says Seasonal Gas Prices hit Lowest Point in more than a Decade
March 1, 2016
Tampa, FL – Motorists are enjoying the lowest gas prices during this time of year since 2004. However, the current average remains at an all-time low since January 2009.
“Motorists are saving 60-70 cents for every gallon of gasoline compared to this time last year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “But the price of oil increased last week, and gas prices rose for the third consecutive day. Georgia and Tennessee residents are seeing prices higher than this time last week, but recent increases in Florida have not exceeded price declines from early last week.”
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 reports average U.S. Gas Prices Begin 2016 Under $2.00 per Gallon
January 8, 2016
Washington, D.C. – Gas prices rang in the New Year by reaching the lowest average price ($1.997) for the holiday since 2009. Today’s average price of $1.99 per gallon is the cheapest average since March 25th, 2009, and the national average has moved lower for 50 of the past 59 days, largely due to an abundance of crude oil. Pump prices are discounted by fractions of a penny on the week, by five cents per gallon on the month, and are down by 22 cents on the year.
In 2015, consumers paid an annual average of $2.40 per gallon, which was the lowest annual average since 2009.
