AAA says Crude Oil Prices to Hit 7-Year High this Week with National Gas Price Average to Increase to $3.25 this Month
July 8, 2021
Washington, D.C. – The national gas price average has increased 40% since the start of the year, from $2.25 on January 1 to $3.13 today. Moreover, it is not stopping there. Motorists can expect gas prices to increase another 10–20 cents through the end of August, bringing the national average well over $3.25 this summer.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, AAA spokesperson.
Winter Storm shuts down refineries causing gas prices to spike. (AAA)
AAA says expect High Gas Prices for Independence Day Holiday Weekend
June 28, 2021
Washington, D.C. – At $3.09, the national gas price average is at its highest of the year and not stopping. That average will increase, possibly as much as another nickel, in the lead up to Independence Day as AAA forecasts a record-breaking 43.6 million Americans will hit the road for a holiday getaway.
This year’s Independence Day holiday weekend is defined as Thursday, July 1st – Monday, July 5th, 2021.
No Freedom from High Gas Prices during Independence Day Holiday. (AAA)
AAA reports Gas Stocks Increase for Four Straight Weeks Helping to Minimize Pump Price Fluctuation
June 23, 2021
Washington, D.C. – Increasing gasoline stock levels have helped to keep gas prices mostly stable across the country. On the week, 40 state gas price averages held steady or saw fluctuation of only one to two cents. This helped the national average decrease by a penny since last Monday, down to $3.07 today.
According to Energy Information Administration (EIA) data, total gasoline stocks sit at 242.9 million bbl, which is a 9 million bbl surplus compared to the same week in June 2019.
On the week, Gas Price Averages have remained steady. (AAA)
AAA says National Gas Price Average to climb this week due to Colonial Pipeline shutdown
May 12, 2021
Washington, D.C. – On the week, the national gas price average jumped six cents to $2.96. If the trend continues, an increase of three more cents would make the national average the most expensive since November 2014 –the last time we saw average prices at $2.99 and higher.
AAA forecasts gas prices to climb this week in reaction to the shutdown of the Colonial Pipeline, which delivers approximately 45% of all fuel to the East Coast.
Gas Prices Jump Six Cents on Week, Likely to Climb Higher with Major Pipeline Shutdown. (AAA)
AAA reports April Saw Small Pump Price Changes, Larger Increases Likely in May
May 8, 2021
Washington, D.C. – At the start of May, the national gas price average is $2.90, which is three cents more than a month ago.
Pump prices in April saw minimal variability compared to March, which increased 15 cents from start to finish. Stable crude oil prices amid fluctuating demand helped keep the national average price jumps nominal last month.
Gas Prices expected to continue to rise in May. (AAA)
AAA says Gasoline Demand Declines for Fourth Straight Week
December 16, 2020
Washington, D.C. – AAA reports that since the beginning of November, U.S. gasoline demand has softened.
The Energy Information Administration’s (EIA) data shows demand measured at 8.7 million b/d for the week ending November 6th. In their latest report, for the week ending December 4th, demand measured at 7.6 million b/d. That is the lowest reading since the end of May and marks four weeks of straight decline.
Gas Demand continues decline. (AAA)
AAA says Crude Oil Prices Hit Highest Price Point in Nine Months
December 11, 2020
Washington, D.C. – AAA reports that pump prices increased on the week despite U.S. gasoline demand falling below 8 million b/d, the lowest weekly reading since June and the softest demand reading for the week of Thanksgiving since 1997.
At $2.16, the national gas price average is more expensive on the week (+4 cents) and the month (+5 cents), but cheaper (-42 cents) compared to last year at this time.
Crude oil prices hit nine month high. (AAA)
AAA reports Gas Prices fall heading into Thanksgiving Holiday
November 25, 2020
Washington, D.C. – At $2.10, this Thanksgiving’s national gas price average is shaping up to be the lowest since 2015. The holiday weekend average that year was a nickel cheaper at $2.05.
“Typically, cheaper gas prices are an incentive for people to travel during a holiday weekend, but that is just not the case this year,” said Jeanette Casselano, AAA spokesperson.
Gas prices continue to decline at the pump. (AAA)
United States Gasoline Demand, Supply, Imports Decline on the Week Along with Gas Prices
October 21, 2020
Tampa, FL – Gasoline demand, according to the Energy Information Administration (EIA), back tracked for the week ending Oct. 9, decreasing from 8.90 million b/d to 8.58 million b/d.
Lower demand, even as total domestic stocks decreased by 1.6 million bbl to 225.1 million bbl and imports fell to their lowest rate since Sept. 18, has contributed to pump price decreases for the majority of the country.
National average is $2.16, which is two cents less than a week and month ago. (AAA)
AAA says Gas Pump Prices Pushing Cheaper, Again
August 16, 2020
Tampa, FL – On the week, the majority of states saw gas prices decrease minimally – by one to two cents or saw no change at the pump. Though low, the volatility was enough to drive the national average down a penny from last Monday to $2.17. Today’s average is two cents less than last month and 49 cents cheaper than a year ago.
“As we move into the second week of the August, it is pricing out to be the second cheapest start to the month in more than a decade,” said Jeanette Casselano, AAA spokesperson.
