AAA reports Highest Gas Prices of the Year, However Relief may be in Sight
May 4, 2015
Tampa, FL – Motorists headed to the pump are finding the highest gas prices of 2015. The national average price for regular unleaded is $2.62 per gallon, up 59 cents since this year’s low of $2.03 in late January.
“Rising crude oil has pushed gas prices to their highest levels of the year ,” said Josh Carrasco, spokesperson, AAA – The Auto Club Group. “Although prices are at their highest level of the year, they are still more than a dollar cheaper than this time last year.”
Motorists see lowest May gas prices since 2009.
AAA reports Oil pushes Gas Prices up 6 Cents
April 20, 2015
Tampa, FL – The most expensive oil of 2015 triggered increases at the gas pump, and prices could continue to climb this week. The national average price of regular unleaded gasoline is $2.45 per gallon, up 6 cents since last Sunday. Prices also rose 3 cents in Florida and 9 cents in both Georgia and Tennessee
“The average price at the pump typically reflects a bit of seasonality this time of year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “It is not uncommon for prices to inch higher leading up to the summer driving season and the transition to more expensive summer-blend fuel. However, record high domestic oil production is likely to deliver the cheapest summer gas prices in a decade.” [Read more]
Clarksville Weekly Market Snapshot from Frazier Allen for the week of April 1st, 2015
April 5, 2015
Clarksville, TN – The economic data were mixed, but generally disappointing, consistent with first quarter GDP growth closer to 0% (growth is widely expected to pick up again in the 2Q15). Consumer confidence improved more than anticipated in March and motor vehicle sales picked up.
However, the ISM manufacturing data suggested a slowdown in the factory sector (likely related to the stronger dollar, although survey respondents continued to note West Coast port delays).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 31st, 2015
March 31, 2015
Clarksville, TN – The economic data were mixed, adding little to the overall picture. Durable goods orders disappointed (again), with orders for nondefense capital goods excluding aircraft (a rough proxy for business fixed investment) down for the sixth consecutive month. Unfilled orders are falling and inventories are outpacing shipments – both are bad signs, but neither is yet at a dangerous level.
Home sales figures were mixed. The third estimate of fourth quarter GDP growth came in at 2.2%, the same as in the previous estimate. This report included corporate profit data for 4Q14, which showed a moderate increase in domestic nonfinancial corporate profits, but a sharp drop in profits from abroad.
Frazier Allen
