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Information Articles for the Paris TN and Henry County Tennessee area

Articles

Information Articles for the Paris TN and Henry County Tennessee area

AAA reports Winter Gas Prices Continue to Decline

February 9, 2020

AAATampa, FL – AAA says new data from the Energy Information Administration (EIA) has revealed that a high level of gasoline stocks and low demand continue to put downward pressure on pump prices across the country.

For total domestic gasoline stocks, last week’s level – 261.1 million bbl – is in line with the previous week’s level.

Gas prices at the pump continue downward trend. (AAA)

Gas prices at the pump continue downward trend. (AAA)

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AAA reports Pump Prices, Crude Oil Continue to Decline

February 6, 2020

AAATampa, FL – The national gas price average is $2.47, which is four cents cheaper than last week and 11 cents cheaper than the beginning of the year. Motorists are paying less to fill up especially as crude oil prices are less expensive.

“Gas prices are pushing cheaper for two reasons. Crude oil prices are $10.00 less a barrel than one month ago and U.S. gasoline stocks sit at an all-time record high,” said Jeanette Casselano, AAA spokesperson.

Gas Prices continue to fall at the pump. (AAA)

Gas Prices continue to fall at the pump. (AAA)

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AAA reports National Average Unchanged as Gas Stocks Grow, Demand Remains Low

January 25, 2020

AAATampa, FL – AAA says in its latest weekly report, the Energy Information Administration (EIA) revealed that total domestic stocks of gasoline continue to grow. According to EIA’s data, stocks grew by 1.7 million bbl last week, bringing the current total to 260 million bbl.

The current level is in line with the level seen in mid-January 2019.

Gas prices at the pump remain steady in January. (AAA)

Gas prices at the pump remain steady in January. (AAA)

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AAA says as Temperatures Drop across the Country, so has Gas Prices

January 22, 2020

AAATampa, FL – The national gas price average is $2.54, which is three cents cheaper than last week, a penny less than last month, yet 30-cents more than a year ago.

Gas prices edged cheaper in the last week as gasoline stocks grew, measuring at 258 million bbl – a stock level not recorded by the Energy Information Administration (EIA) in nearly a year.

Gas Prices continue to fall at the pump. (AAA)

Gas Prices continue to fall at the pump. (AAA)

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AAA reports Growing Stocks, Low Demand Help National Average Decline

January 21, 2020

AAATampa, FL – AAA says last week, gas demand hit 8.56 million b/d, according to new data from the Energy Information Administration (EIA).

The current rate is in line with last year’s rate seen in mid-January, a time that typically brings lower demand due to winter weather. EIA’s data also revealed that total domestic stocks of gasoline grew by 6.7 million bbl last week, bringing the total to 258.3 million bbl.

Gas prices at the pump decline due to low demand. (AAA)

Gas prices at the pump decline due to low demand. (AAA)

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AAA reports National Gas Price Average remains unchanged in January

January 15, 2020

AAATampa, FL – AAA says that despite crude oil price fluctuation and growing geopolitical concerns with Iran in the last week, the national gas price average has held steady at $2.58 since the beginning of the year. Today’s national average is two cents more than last month and 34-cents more expensive than the beginning of 2019.

“A healthy and growing level of domestic gasoline stocks alongside decreasing demand are two factors helping to minimize gas price fluctuations,” said Jeanette Casselano, AAA spokesperson.

National Gas Price Average remains the same even with Crude Oil Price Fluctuations. (AAA)

National Gas Price Average remains the same even with Crude Oil Price Fluctuations. (AAA)

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AAA reports Tension Between the United States, Iran Leads Crude Prices to Temporary Spike in Oil Prices

January 12, 2020

AAATampa, FL – AAA says crude oil prices have spiked and dropped twice in the past six days. The first spike occurred last Friday following a U.S. drone strike in Baghdad, which killed Iran’s Major General Qassem Soleimani.

Prices spiked again on Tuesday when over a dozen missiles were launched by Iran at military bases in Iraq that house American soldiers in retaliation for the drone strike.

Crude oil prices experence reactive spikes after Iran's General Qassem Soleimani was killed by a United States Drone strike. (AAA)

Crude oil prices experience reactive spikes after Iran’s General Qassem Soleimani was killed by a United States Drone strike. (AAA)

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National Gas Price Average stays Steady despite Tensions with Iran

January 6, 2020

AAATampa, FL – AAA says the national gas price average held steady on the week at $2.58, but that could change depending on the movement of crude oil prices due to geopolitical concerns.

Following airstrikes in Baghdad last Friday, which killed Iran’s Major General Qassem Soleimani, crude oil prices increased, causing market speculation about what could happen to gas prices in the near-term.

Gas Prices in Tennessee have risen 7 cents. (AAA)

Gas Prices in Tennessee have risen 7 cents. (AAA)

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Year-End Gas Prices Edge Higher

December 31, 2019

AAATampa, FL – A year-end spike in road trip travel due to the holidays helped to push the national average more expensive on the week – up four cents to $2.58. Compared to last month, the national average is the same price, but 31 cents more expensive than the end of 2018.

“The majority of states saw gas prices increase in the last week – some by as much as a nickel to a dime, but any spikes in gas prices that motorists are seeing will be short-lived,” said Jeanette Casselano, AAA spokesperson.

Gas Prices spiked during the holidays. (AAA)

Gas Prices spiked during the holidays. (AAA)

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AAA says Record Number of Holiday Motorists Expected Across the Country this Week

December 24, 2019

AAATampa, FL – More than 100 million Americans are taking to the roadways to travel for the holidays, but that hasn’t had a large impact on gas prices. At the start of the work week, only about a dozen states are seeing more expensive gas prices with increases of less than a dime.

“AAA forecasts that 104 million Americans will travel by car – the most on record – for a year-end holiday,” said Jeanette Casselano, AAA spokesperson.

Gas prices at the pump fall slightly heading into Christmas Holiday. (AAA)

Gas prices at the pump fall slightly heading into Christmas Holiday. (AAA)

[Read more]

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