Demand at All-Time High, Slowing Pump Price Decreases
August 24, 2019
Tampa, FL – AAA says summer may be ending, but gasoline demand is soaring to new heights. In its latest reading, the Energy Information Administration (EIA) recorded demand at 9.93 million b/d, the highest since the agency began recording data in 1991.
As demand jumped, gasoline stocks fell by 1.4 million bbl and pump prices slowed their decline on the week.
AAA reports Gas Prices Fall to Lowest Price Since April
July 27, 2016
Washington, D.C. – National pump prices have fallen for 43 of the past 44 days, dropping 22 cents during this span. The national average price for regular unleaded gasoline sits at $2.21 per gallon, which is the lowest mark since April and the lowest price for this date since 2004.
Today’s price is five cents less than one week ago, 15 cents less than one month ago, and 56 cents less than the same date last year.
With abundant fuel supplies across the nation and declining crude oil costs, gas prices dropped in 47 states over the past week, led by double digit drops in several Midwestern states.
Price at the pump continues to fall.
