{"id":12230,"date":"2017-01-21T19:50:31","date_gmt":"2017-01-22T01:50:31","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=12230"},"modified":"2017-01-21T19:50:31","modified_gmt":"2017-01-22T01:50:31","slug":"aaa-reports-pump-prices-have-dropped-for-eight-consecutive-days","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2017\/01\/21\/aaa-reports-pump-prices-have-dropped-for-eight-consecutive-days\/","title":{"rendered":"AAA reports Pump Prices have Dropped for Eight Consecutive Days"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-35320\" title=\"AAA\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2010\/05\/AAA.gif\" alt=\"AAA\" width=\"200\" height=\"122\"><strong>Tampa, FL<\/strong> &#8211; Gas prices have fallen for eight consecutive days, reaching today\u2019s national average price of $2.34 per&nbsp;gallon. The price of retail gasoline has retreated since last week with today\u2019s average three cents less&nbsp;per gallon than one week ago, but ten cents more than one month ago and 43 cents more per gallon&nbsp;year-over-year.<\/p>\n<p>The slight decrease in retail prices can be attributed to less demand and adequate&nbsp;supply, but this downward dip may only be temporary as the market awaits OPEC\u2019s December monthly&nbsp;output report which is due out later this week.<\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2017\/01\/National-Average-Gas-Price-Comparison-2015-2017-January-1.jpg\"  class=\"thickbox no_icon\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-372335\" title=\"National Average Gas Price Comparison, 2015-2017 - January 2017\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2017\/01\/National-Average-Gas-Price-Comparison-2015-2017-January-1-480x312.jpg\" alt=\"National Average Gas Price Comparison, 2015-2017 - January 2017\" width=\"480\" height=\"312\"><\/a><!--more--><\/p>\n<p>&nbsp;<\/p>\n<h3>Quick Stats<\/h3>\n<ul>\n<li>The nation\u2019s markets that have seen the largest price decreases week-over-week are: Indiana (-13&nbsp;cents), Ohio (-12 cents), Michigan (-11 cents), Kentucky (-7 cents) and Illinois (-6 cents).<\/li>\n<li>The nation\u2019s top five most expensive markets are: Hawaii ($3.06), California ($2.81), Alaska ($2.77),&nbsp;Washington ($2.74) and Pennsylvania ($2.64).<\/li>\n<\/ul>\n<p><a target=\"_blank\" href=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2017\/01\/Top-Ten-Most-Expensive-Average-Gas-Prices-January-2017.jpg\"  class=\"thickbox no_icon\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-372336\" title=\"Top Ten Most Expensive Average Gas Prices - January 2017\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2017\/01\/Top-Ten-Most-Expensive-Average-Gas-Prices-January-2017-480x136.jpg\" alt=\"Top Ten Most Expensive Average Gas Prices - January 2017\" width=\"480\" height=\"136\"><\/a><\/p>\n<h3>West Coast<\/h3>\n<p>Drivers on the West Coast continue to pay the nation\u2019s highest averages for gasoline, and the nation\u2019s&nbsp;top four most expensive markets are all in this region: Hawaii ($3.06), California ($2.81), Alaska ($2.77)&nbsp;Washington ($2.74). The region recently saw an unexpected gasoline stock increase of 2 million bbl to&nbsp;30.5 million bbl, which should help keep prices relatively steady over the next week.<\/p>\n<p>The recent restart&nbsp;of BP\u2019s Olympic Pipeline at its Anacortes, Washington, source on Friday also should help improve&nbsp;regional supplies in the northwest over the next few weeks. According to OPIS, BP had to shut down&nbsp;operations on the Olympic Pipeline in Anacortes last Wednesday due to power outages and other issues&nbsp;related to severe winter storms.<\/p>\n<h3>Rockies<\/h3>\n<p>Most drivers across the Mountain time zone continue to see increases at the pump. Utah (+5 cents),&nbsp;Idaho (+4 cents), Arizona (+3 cents), Montana (+3 cents), Nebraska (+2 cents) and Wyoming (+2 cents),&nbsp;all top the list of largest weekly increases.<\/p>\n<p>[320right]Recent issues at Western Refining\u2019s refinery in El Paso, Texas,&nbsp;could potentially impact supply in Arizona and parts of New Mexico. OPIS reports that the refinery&nbsp;experienced a fire in a fluid catalytic cracker on Thursday evening.<\/p>\n<p>The HollyFrontier Corporation also&nbsp;experienced problems last week with an overheated coker (oil processing unit) at their 52,000-b\/d&nbsp;Cheyenne refinery in Wyoming. The refinery primarily serves the eastern slope of the Rocky Mountain&nbsp;region, which includes eastern Colorado, Wyoming and parts of Nebraska. Due to the regions\u2019 insulated&nbsp;location, glitches in refinery production have the potential to impact prices at the pump.<\/p>\n<h3>Great Lakes and Central States<\/h3>\n<p>Price swings have been common in the Great Lakes and Central states over the past few weeks with five&nbsp;of the top ten weekly price movers landing in the area. The top national decreases in the country are:&nbsp;Indiana (-13 cents), Ohio (-13 cents), Michigan (-11 cents), Kentucky (-8 cents) and Illinois (-6 cents).&nbsp;Prices rose last month following issues at the BP refinery in Whiting, Indiana, but with production&nbsp;reported to have returned to normal, prices in most of the Great Lakes region have moved lower.<\/p>\n<p>Despite fluctuating prices across the Central region, two Central states still rank among the lowest in the&nbsp;nation: Missouri ($2.14) and Tennessee ($2.13).<\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2017\/01\/Top-Ten-Largest-Weekly-Declines-in-Gas-Prices-January-2017.jpg\"  class=\"thickbox no_icon\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-372337\" title=\"Top Ten Largest Weekly Declines in Gas Prices- January 2017\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2017\/01\/Top-Ten-Largest-Weekly-Declines-in-Gas-Prices-January-2017-480x135.jpg\" alt=\"Top Ten Largest Weekly Declines in Gas Prices- January 2017\" width=\"480\" height=\"135\"><\/a><\/p>\n<h3>Mid-Atlantic and Northeast<\/h3>\n<p>Prices across much of the Mid-Atlantic and Northeast remain relatively steady. Despite the downward&nbsp;price movement nationally, four states in the region are among the 10 most expensive markets in the&nbsp;country: Pennsylvania ($2.64), Washington, D.C. ($2.59), New York ($2.53) and Connecticut ($2.48). OPIS&nbsp;reports that the Colonial Pipeline resumed gasoline delivery on Line 19 from Atlanta, Georgia to&nbsp;Nashville, Tennessee on Thursday after shutting it down last Saturday due to a suspected gasoline leak.&nbsp;Barring any unexpected impact to production or distribution, prices in the region should remain steady&nbsp;over the next week.<\/p>\n<h3>South and Southeast<\/h3>\n<p>The southern regions remain the nation\u2019s cheapest markets for gasoline, led by South Carolina ($2.11),&nbsp;Tennessee ($2.13), Mississippi ($2.14), Alabama ($2.14), Arkansas ($2.15), Texas ($2.15), Oklahoma&nbsp;($2.15) and Louisiana ($2.17). Pump prices are typically lower in this part of the country based on its&nbsp;proximity to a large number of refineries and relatively low state fuel taxes. Prices in the region should&nbsp;remain on the lower end of the national spectrum provided there are no unexpected disruptions.<\/p>\n<h3>Oil Market Dynamics<\/h3>\n<p>Markets continue to react to OPEC\u2019s oil production agreement, as participating countries implement&nbsp;cuts. Tuesday saw petroleum futures rise following remarks by Saudi Arabia\u2019s Energy Minister Khalid al-Falih, who said that Saudi Arabia would adhere to the output agreement. He also is confident that the&nbsp;agreed upon production cuts would rebalance the market.<\/p>\n<p>Under last fall\u2019s arrangement, OPEC, Russia&nbsp;and other non-cartel members pledged to cut oil output by nearly 1.8 million barrels per day for six&nbsp;months. Energy Minister Falih went on to say that if all countries continued to abide by the OPEC&nbsp;agreement the market would be rebalanced and it would not be necessary to further limit production&nbsp;beyond the six-month agreement.<\/p>\n<p>These comments follow reports that Saudi Arabia has cut production by more than the 486,000 barrels&nbsp;per day. Traders will continue to keep an eye on oil supply and demand as OPEC and non-OPEC&nbsp;countries implement the terms of their agreement. At the closing of Friday\u2019s formal trading session on&nbsp;the NYMEX, WTI was down 64 cents to settle at $52.37 per barrel.<\/p>\n<p>Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad&nbsp;and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA&nbsp;roadside assistance.<\/p>\n<p>Learn more at AAA.com\/mobile<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tampa, FL &#8211; Gas prices have fallen for eight consecutive days, reaching today\u2019s national average price of $2.34 per&nbsp;gallon. The price of retail gasoline has retreated since last week with today\u2019s average three cents less&nbsp;per gallon than one week ago, but ten cents more than one month ago and 43 cents more per gallon&nbsp;year-over-year. The [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[17],"tags":[1361,2795,9166,11464,1834,2796,4671,11372,11463,5451,11465,7061,1835,7658,6620,10205,10655,1638,1639,1641,2799,2800,2801,5576,284,4051,5227,1645,9271,1646,2848,9273,9599,1647,9275,2803,7656,261,1840,9272,7063,5588,9460,4052],"class_list":["post-12230","post","type-post","status-publish","format-standard","hentry","category-community","tag-aaa","tag-alabama","tag-alaska","tag-anacortes-wa","tag-arizona","tag-arkansas","tag-atlanta-ga","tag-bp","tag-bps-olympic-pipeline","tag-california","tag-colonial-pipline","tag-colorado","tag-connecticut","tag-el-paso-tx","tag-gas-prices","tag-hawaii","tag-idaho","tag-illinois","tag-indiana","tag-kentucky","tag-louisiana","tag-michigan","tag-mississippi","tag-montana","tag-nashville-tn","tag-nebraska","tag-new-mexico","tag-new-york","tag-nymex","tag-ohio","tag-oklahoma","tag-opec","tag-opis","tag-pennsylvania","tag-saudi-arabia","tag-south-carolina","tag-tampa-fl","tag-tennessee","tag-texas","tag-the-auto-club-group","tag-utah","tag-washington","tag-wti","tag-wyoming"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/12230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=12230"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/12230\/revisions"}],"predecessor-version":[{"id":12231,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/12230\/revisions\/12231"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=12230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=12230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=12230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}