{"id":16900,"date":"2020-08-16T18:25:40","date_gmt":"2020-08-16T23:25:40","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=16900"},"modified":"2020-08-16T10:00:02","modified_gmt":"2020-08-16T15:00:02","slug":"aaa-says-gas-pump-prices-pushing-cheaper-again","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2020\/08\/16\/aaa-says-gas-pump-prices-pushing-cheaper-again\/","title":{"rendered":"AAA says Gas Pump Prices Pushing Cheaper, Again"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-35320\" title=\"AAA\" src=\"https:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2010\/05\/AAA.gif\" alt=\"AAA\" width=\"200\" height=\"122\"><strong>Tampa, FL<\/strong> &#8211; On the week, the majority of states saw gas prices decrease minimally \u2013 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\u2019s average is two cents less than last month and 49 cents cheaper than a year ago.<\/p>\n<p>\u201cAs 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,\u201d said Jeanette Casselano, AAA spokesperson.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2020\/08\/National-Gas-Price-Comparison-2017-2020-08-10.jpg\"  class=\"thickbox no_icon\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-497839\" title=\"National Gas Price Comparison -- 2017-2020 - 08-10\" src=\"https:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2020\/08\/National-Gas-Price-Comparison-2017-2020-08-10-480x354.jpg\" alt=\"National Gas Price Comparison -- 2017-2020 - 08-10\" width=\"480\" height=\"354\"><\/a><!--more--><\/p>\n<p>\u201cGas prices have high potential to push cheaper, especially with many school districts planning for virtual learning. This could drive demand down in the weeks ahead as school starts at-home,\u201d Casselano stated.<\/p>\n<p>In the latest Energy Information Administration (EIA) weekly report, gas demand fell from 8.8 million b\/d to 8.6 million b\/d while stocks held steady at 247 million bbl.<\/p>\n<h3>Quick Stats<\/h3>\n<ul>\n<li>The nation\u2019s top <strong>10 largest weekly changes<\/strong>: Utah (+9 cents), Michigan (+6 cents), Kentucky (-4 cents), Ohio (+3 cents), Florida (-3 cents), Tennessee (-3 cents), West Virginia (-3 cents), Pennsylvania (+2 cents), Texas (-2 cents) and Oklahoma (-2 cents).<\/li>\n<li>The nation\u2019s top <strong>10 least expensive markets<\/strong>: Mississippi ($1.81), Texas ($1.84), Louisiana ($1.84), Oklahoma ($1.86), Arkansas ($1.86), Alabama ($1.87), Missouri ($1.87), South Carolina ($1.88), Tennessee ($1.89) and North Carolina ($1.94).<\/li>\n<\/ul>\n<h3>2020 Hurricane Season<\/h3>\n<p>While Hurricane Isaias did not disrupt gas prices, the 2020 hurricane season is far from over. Last week the National Oceanic and Atmospheric Association (NOAA) released the association\u2019s annual August update, which revised the May forecast from 13 to 19 storms to 19-25 through the end of November. This year\u2019s season could be one of the busiest as it has already produced a record-setting nine named storms.<\/p>\n<p>Major storms and hurricanes that take crude and gasoline infrastructure and refineries offline have the largest impact on gas prices.<\/p>\n<p>One positive factor for this year, U.S. gasoline supply is plentiful sitting at a 17 million bbl year-over-year surplus. If a major storm or hurricane does hit the U.S., it will be a matter of short-term shortages and how quickly gasoline stocks can get to areas of need.<\/p>\n<p>&nbsp;<\/p>\n<p>[470center]<\/p>\n<h3>Oil Market Dynamics<\/h3>\n<p>At the end of Friday\u2019s formal trading session, WTI decreased by 71 cents to settle at $41.22 per barrel. Domestic crude prices decreased last week due to a weak U.S. dollar and after EIA\u2019s weekly report revealed that total domestic inventories decreased by 7.4 million bbl, bringing total domestic stocks to 518.6 million bbl.<\/p>\n<p>The decrease in total supply, amid low gasoline demand, could mean that the domestic crude market is rebalancing. Crude prices have the potential to stabilize this week if EIA\u2019s report shows continued growth in demand alongside a reduction in supply.<\/p>\n<p>Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at&nbsp;<a target=\"_blank\" href=\"http:\/\/aaa.com\/mobile\" >AAA.com\/mobile<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tampa, FL &#8211; On the week, the majority of states saw gas prices decrease minimally \u2013 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\u2019s average is two cents less than last [&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":[1361,2795,2796,7701,9969,9800,2845,6620,13176,3683,11856,1641,2799,2800,11829,1644,13170,947,1837,1646,9284,2848,1647,2803,7656,261,1840,9272,7063,1649,9460],"class_list":["post-16900","post","type-post","status-publish","format-standard","hentry","category-community","tag-aaa","tag-alabama","tag-arkansas","tag-crude-oil","tag-eia","tag-energy-information-administration","tag-florida","tag-gas-prices","tag-hurricane-isaias","tag-hurricanes","tag-jeanette-casselano","tag-kentucky","tag-louisiana","tag-michigan","tag-mississipi","tag-missouri","tag-national-oceanic-and-atmospheric-association","tag-noaa","tag-north-carolina","tag-ohio","tag-oil-prices","tag-oklahoma","tag-pennsylvania","tag-south-carolina","tag-tampa-fl","tag-tennessee","tag-texas","tag-the-auto-club-group","tag-utah","tag-west-virginia","tag-wti"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/16900","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=16900"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/16900\/revisions"}],"predecessor-version":[{"id":16901,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/16900\/revisions\/16901"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=16900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=16900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=16900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}