AAA says Gas Prices reaching their Peak
June 1, 2015
Motorists could find the cheapest summer gas prices in ten years
Tampa, FL – Gas prices could finally be reaching their peak as the rate of increase at the pump is beginning to stall. Since last Sunday, the average price for gasoline rose 5 cents in Georgia and 1-cent in Tennessee, but declined 1-cent in Florida.
“Gas prices usually peak by May, but have been rising on the back of crude oil prices and increasing demand,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The price of crude oil has found a new normal around $60.00 a barrel, and it’s likely that gas prices will decline in June. This would be the first time that gas prices peaked after the month of May since 2010.”
AAA reports Motorists find Cheapest Memorial Day Gas Prices in 4-5 years
May 25, 2015
Tampa, FL – AAA forecast that 33 Million Americans would drive 50 miles or more during the Memorial Day weekend. Those motorists saw the lowest gasoline prices for the holiday in up to five years.
The average prices in Florida and Tennessee were the lowest in five years; as the averages were 6 cents and 12 cents lower than 2010 respectively. The national and Georgia average prices just fell short of the five year mark; both averages today were merely 1-cent higher than the holiday averages in 2010.
AAA reports Lower Gas Prices expected to Fuel Car Sales
March 13, 2015
1 in 5 plan to purchase a vehicle in 2015
Tampa, FL – Compared to last year, auto sales rose 14 percent in January and five percent in February, due in part to lower gas prices.
The average price for a gallon of regular unleaded gasoline is expected to be $2.33 in 2015, down more than a $1.00 per gallon from last year’s average, according to the Energy Information Administration.
“Lower gas prices will save the American family $755.00 this year,” said Duane Williams, product manager, Financial Services, AAA – The Auto Club Group. “That’s extra money that can be put towards a vehicle purchase. We expect to see car sales increase in the next month or two as the snow starts to melt and tax refund checks begin to arrive.” [Read more]
AAA reports Gas Prices Rise, Historic Decline Streak Ends
February 2, 2015
Tampa, FL – The national average price for gasoline rose last week for the first time in four months, snapping the longest streak of declines at the pump on record. The U.S. average for a gallon of regular unleaded declined 123 consecutive days, from September 26th-January 26th, delivering a discount of $1.31 during that period. The average price has risen 2 cents since Tuesday.
“Gasoline prices have finally adjusted to the plunging price of oil,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Wholesale gas prices rose last weekend, resulting in mild increases at the pump.” [Read more]
AAA reports Cheapest Holiday Gas Prices in Six Years
December 29, 2014
Tampa, FL – Motorists traveling for the year-end holidays saw the cheapest Christmas day gasoline since 2008. The average price for a gallon of regular unleaded was $2.43 in Florida, $2.32 in Georgia, and $2.18 in Tennessee. These prices broke the previous lows set in 2009 of $2.63 in Florida, $2.44 in Georgia, and 2.45 in Tennessee.
“Low gas prices are helping consumers save more than $21.00 for a tank of gasoline compared to the highs earlier this year ($3.70), and that has a positive effect on holiday shopping and travel,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The new year will bring new expectations for even cheaper gasoline. Prices could drop another 3-6 cents by New Year’s Day.” [Read more]
AAA reports discount at the pump hits temporary snag
October 6, 2014
Tampa, FL – Maintenance season at refineries along the Gulf Coast caused gas prices to spike in the southeastern U.S. last week. Prices reportedly climbed 10 cents overnight Wednesday at some gas stations in Florida, but the overall state average did not change as dramatically.
Compared to last week, the current average price for a gallon of regular unleaded is 2 cents more in Florida, but prices are already beginning to fall again. [Read more]
Hot Weather Heats Up Demand for TVA Power
July 8, 2010
Knoxville, TN — With above-normal temperatures expected throughout the summer across the Southeast, the Tennessee Valley Authority is encouraging consumers to use electricity wisely.
“While we understand air-conditioning is a necessity, increasing your thermostat a few degrees can still keep you comfortable while saving you a few dollars each month,” said Robert Balzar, vice president of Energy Efficiency and Demand Response. “Also, turning off unnecessary lights and appliances will help considerably in reducing peak energy demand across the region.”
Other energy-saving tips include using the “sleep mode” on computers, keeping curtains closed during the day, and operating dishwashers and laundry machines only with full loads and only after 8:00pm.
Residential electricity use in the TVA region ranks among the highest in the nation, according to the U.S. Energy Information Administration. In 2008, Tennesseans ranked No. 1, consuming an average 1,302 kilowatt-hours a month, compared with a national average of 920 kilowatt-hours. [Read more]
