AAA reports Tennessee Gas Price Average remains unchanged
September 20, 2021
Nashville, TN – The Tennessee gas price average held steady over last week. The Tennessee Gas Price average remains $2.89 which is two cents more than one month ago and nearly 95 cents more than one year ago.
“Hurricane Nicholas complicated and slowed the recovery from Ida, but the seasonal drop-off in demand helped mitigate price increases on the week,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group.
Tennessee moves to the 7th least expensive market in the nation. (AAA)
Gas Price Average in Tennessee Drops Two Cents
September 17, 2021
Nashville, TN – The Tennessee gas price average declined slightly over last week, falling nearly two cents, on average. The Tennessee Gas Price average is now $2.89 which is nearly a penny more expensive than one month ago and 95 cents more than one year ago.
“Timing is everything, and while supplies have tightened due to the slow recovery after Hurricane Ida, this is also the point when gas demand starts its seasonal decline,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “While there may be some price fluctuation, we expect most motorists to see stability at the pump.”
Tennessee moves to 8th least expensive market in nation. (AAA)
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)
National Gas Price Average Sees Minimal Impact from Hurricane Ida
September 12, 2021
Washington, D.C. – Following Labor Day weekend and the remnants of Hurricane Ida, the national gas price average has stabilized at $3.18, which is just 3 cents more expensive on the week.
The storm took about 13% of U.S. refinery capacity offline and while there are no firm re-start dates, refineries are expected to be back online this month.
Tennessee Gas Prices go up 5 Cents
September 11, 2021
Nashville, TN – AAA reports that the Tennessee gas price average rose five cents over last week in the aftermath of Hurricane Ida. Holiday travelers also found the most expensive Labor Day gas prices in seven years. The Tennessee Gas Price average is now $2.91 which is nearly two cents more than one month ago and nearly 94 cents more than one year ago.
“Historically, gas demand starts to decline in the fall as schools reopen and summer road trips end, which leads to less expensive gas prices,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Despite the dip in demand, the national average is expected to remain above $3/gallon especially as crude oil continues to price on the higher end.”
Tennessee remains the 9th least expensive market in nation. (AAA)
AAA reports Gas Price Average could see Temporary Hike after Hurricane Ida
September 2, 2021
Washington, D.C. – According to AAA, the national gas price average decreased by two cents as of Sunday, the cheapest price since early July, but was back up a penny to $3.15 Monday morning following Hurricane Ida.
The storm has left more than one million people in Louisiana and Mississippi without power and has likely taken about 13% of U.S. refining capacity offline. There were nine oil refineries in Ida’s path; at least four were believed to have shut down operations ahead of the storm.
AAA says Hurricane Ida Likely to Cause Gas Price Fluctuations
August 30, 2021
Nashville, TN – The Tennessee gas price average held steady over last week, however, the aftermath of Hurricane Ida is likely to cause gas price fluctuations leading into Labor Day weekend.
The Tennessee Gas Price average is now $2.85 which is four cents less than one month ago and 86 cents more than one year ago.
Tennessee moves to 9th least expensive gas market in the Nation. (AAA)
AAA reports that Crude Oil Price Drops $5.00/bbl to Lowest Price since May
August 25, 2021
Washington, D.C. – Crude oil prices saw a significant decline of $5.00/bbl on the week, down to $62.32/bbl at Friday’s close. Prices are declining as market concerns grow that crude demand will decline as coronavirus infections increase across the globe. The downward crude price trend could spell good news for motorists.
“Crude oil prices saw not only a dramatic drop on the week, but the price per barrel is at the cheapest in three months,” said Jeanette McGee, AAA spokesperson.
Gas Demand and National Gas Price Average Decline on the Week. (AAA)
AAA reports Tennessee Gas Prices Fall Almost Three Cents
August 23, 2021
Clarksville-Montgomery County has the Third Lowest Gas Prices in Tennessee
Nashville, TN – The Tennessee gas price average declined for the second week in a row, falling nearly three cents over last week. The Tennessee Gas Price average is now $2.84 which is two cents less than one month ago and 93 cents more than one year ago.
“Crude oil prices saw not only a dramatic drop on the week, but the price per barrel is at the cheapest in three months,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “If this downward trend continues and less expensive prices are sustained, Tennesseans can expect to see additional relief at the pump in the near future. This week, Tennessee is the 5th least expensive market in the nation.”
Tennessee moves to Fifth least expensive market in the nation. (AAA)
AAA reports National Gas Price Average Stabilizes
August 20, 2021
Washington, D.C. – New data from the Energy Information Administration (EIA) showed that gas demand and supply decreased.
Moving from 9.78 million b/d to 9.43 million b/d last week, the latest demand measurement is 500,000 b/d lower than the rate at this time in 2019, signaling that summer gas demand is likely softening as the school year starts and concerns about transmission of COVID-19 Coronavirus grow as infection rates continue to increase.
Gas Demand and Supply Dip as Pump Prices remain High but Steady. (AAA)
