AAA reports National Gas Price Average Drops Slightly
September 15, 2021
Washington, D.C. – With the height of summer in the rearview mirror, motorists are seeing some relief at the pump, as the national gas price average dropped by a penny on the week to $3.17.
However, the recovery from Hurricane Ida remains slow, with the latest U.S. data showing just under half of the U.S. offshore oil production in the Gulf still idle after companies shuttered production ahead of the storm.
As Fall Approaches, National Gas Price Average drops one cent. (AAA)
AAA reports Crude Inventories Retreating after Recent Growth
May 10, 2019
Tampa, FL – AAA says this week’s petroleum status report from the Energy Information Administration revealed that crude stocks fell by 4 million bbl to 466.6 million bbl last week.
While the new level is 32.8 million bbl lower than the level at this time in spring 2018, the step back is a reversal from the previous week that saw crude inventories climb by 10 million bbl.
U.S. Crude Oil Inventories begin to slide. (AAA)
Tennessee Gas Prices drop to 2-Year Holiday Lows
December 17, 2018
AAA
Nashville, TN – Tennessee Gas Prices dropped another 5 cents last week, and could move even lower this week, because of additional declines in the price of oil.
Sunday’s state average price of $2.12 per gallon is nearly 30 cents less than a month ago, and about 10 cents less than this time last year. It’s possible, the state average could reach $2.00 per gallon before the end of the year, unless oil prices rise.
Oil Prices Decline
AAA reports Tennessee Gas Prices fall 2 cents
July 23, 2018
AAA
Tampa, FL – Gas prices declined for the tenth consecutive day on Sunday. Gas prices in Tennessee declined 2 cents during the past week. The average price for gasoline in Tennessee is averaging $2.61 per gallon. Sunday’s state average a half cent less than a month ago, yet 56 cents more than this time last year.
Click here to view AAA’s state and metro gas price averages
AAA says oil prices have averaged $3.00-$5.00 less than the previous three weeks.
Gas Prices Trend Cheaper, but Increases are Likely Looming
June 20, 2018
AAA
Tampa, FL – On the week, the national gas price average is two cents cheaper at $2.90. Today’s national average is only one cent more expensive than a month ago, but 60 cents more expensive than a year ago.
Nationwide, 44 states have less expensive or steady gas price averages compared to last Monday.
However, the cheaper trend may be reversing. Gasoline demand spiked in the latest Energy Information Administration’s (EIA) report, in fact setting a new all-time record at 9.88 million b/d for the week ending June 8th.
AAA says Drivers should expect to pay more at the Gas Pump this Spring
April 9, 2018
Nashville, TN – The national average price for regular unleaded gasoline hit their highest price point of 2018 on Saturday at $2.663 per gallon. Today’s average is a half cent more than last week, 13 cents more than a month ago, and 28 cents more than last year.
Gas prices have edged higher this week following the Energy Information Administration’s (EIA) latest weekly report that showed gasoline stocks dropped by 1.1 million barrels last week.
Nationally gas prices are the highest of the year.
AAA reports Gasoline Demand Sets New Record for March as Motorists Pay 25-cents more at Pump compared to last March
March 20, 2018
Tampa, FL – Consumer gasoline demand is at the highest level on record for March. According to the Energy Information Administration’s (EIA) latest report, demand measured at 9.6 million b/d – levels typical of summer months, not the first quarter of a year.
U.S. exports continue to trend high, accounting for a large chunk of this week’s demand data.
AAA reports Tennessee Gas Prices Decline 1.5 Cents
March 15, 2018
Nashville, TN – Motorists visiting the gas pump today will find prices that are cheaper than a week ago. Tennessee gas prices declined 1.5 cents last week. The state average of $2.31 is 8 cents less than a month ago, but 26 cents more than this time last year.
“Gasoline should slide a few cents more this week, based on last week’s decline in wholesale prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Pump prices are sliding right now because crude and gasoline output have remained strong. However, gas prices are still forecast to rise 20 cents in the coming months, as demand climbs and refineries switch to summer blend gasoline.”
Gas Prices Are Lower Than A Week Ago. (AAA)
Costly Spring Gas Price Spike Coming to a Pump Near You
March 3, 2018
Washington, D.C. – For the first quarter of the year, gas prices have been expensive. On average, motorists are paying a quarter more than at the same time last year.
While pump prices have dipped in recent weeks, this is not a trend consumers should expect to linger. AAA forecasts the national gas price average will be as much as $2.70/gallon this spring – a costly pump price Americans have not paid since summer of 2015 when prices hit $2.81.
Gas prices expected to rise over the coming weeks. (AAA)
AAA reports Gas Price Averages Trending Cheaper on the Week Nationwide
February 24, 2018
Tampa, FL – The national gas price average has been steadily decreasing for nearly two weeks dropping from the year-to-date high of $2.61 (on February 5th) to today’s national average of $2.53.
Motorists in nearly every state are paying less on the week with Midwest and Southern states seeing the largest price drops at the pump. Hawaii (+2 cents) and Indiana (+1 cent) were the only states to see increases.
