{"id":17667,"date":"2021-05-23T12:00:39","date_gmt":"2021-05-23T17:00:39","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=17667"},"modified":"2021-05-22T15:45:41","modified_gmt":"2021-05-22T20:45:41","slug":"aaa-reports-southeast-continues-to-see-tight-supply-as-gas-prices-stabilize","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2021\/05\/23\/aaa-reports-southeast-continues-to-see-tight-supply-as-gas-prices-stabilize\/","title":{"rendered":"AAA reports Southeast Continues to See Tight Supply as Gas Prices Stabilize"},"content":{"rendered":"

\"AAA\"Washington, D.C.<\/strong> – The national gas price average is the most expensive in six years at $3.04. Gas prices were expected to flirt with $3.00\/gallon leading up to Memorial Day weekend, but last week\u2019s shutdown of the Colonial Pipeline caused prices to spike weeks ahead of the holiday.<\/p>\n

On the week, the national average jumped eight cents.<\/p>\n

\"Gas<\/a>

Gas prices likely to still be fluctuating in some southern states during Memorial Day Weekend. (AAA)<\/p><\/div>\n

<\/p>\n

States like Georgia, North Carolina, and South Carolina, where the gasoline supply was strained due to the pipeline shutdown, saw prices jump as much as 21 cents in a matter of days.<\/p>\n

With the pipeline back in operation and supply being restored, gas prices in these states and the national average have stabilized since the end of last week.<\/p>\n

\u201cThe Southeast will continue to experience tight supply this week as terminals and gas stations are refueled,\u201d said Jeanette McGee, AAA spokesperson. \u201cOver the weekend, gas prices started to stabilize, but are expected to fluctuate in the lead up to Memorial Day weekend.\u201d<\/p>\n

AAA forecasts 34 million Americans to take a road trip 50 miles or more from home from May 27th to May 31st to celebrate the unofficial kickoff to summer.<\/p>\n

\"2018-2021<\/a><\/p>\n

That is a 52% increase compared to last summer, but nearly 9% below pre-pandemic levels in 2019. Regardless, motorists will be met with the most expensive gas prices since 2014.<\/p>\n

\u201cThis is going to be an expensive summer for motorists. However, we do not expect it to deter travelers from hitting the road. AAA finds that despite the higher pump prices, Americans still take their road trips but just may not travel as far as originally planned, or go to their planned destination and spend a little less,\u201d added McGee.<\/p>\n

Crude oil prices and gasoline demand will be two large factors in determining how expensive gas prices will go.<\/p>\n

 <\/p>\n

[470center]<\/p>\n

Quick Stats<\/h3>\n

The nation\u2019s top 10 largest weekly increases<\/strong>: Georgia (+21 cents), North Carolina (+21 cents), South Carolina (+21 cents), Virginia (+18 cents), Tennessee (+18 cents), Alabama (+17 cents), Maryland (+16 cents), Mississippi (+12 cents), West Virginia (+10 cents) and Texas (+10 cents).<\/p>\n

The nation\u2019s top 10 least expensive markets<\/strong>: Mississippi ($2.72), Louisiana ($2.72), Texas ($2.76), Missouri ($2.76), Arkansas ($2.76), Oklahoma ($2.78), North Dakota ($2.83), Minnesota ($2.83), Kansas ($2.84) and Alabama ($2.85).<\/p>\n

Oil Market Dynamics<\/h3>\n

At the close of Friday\u2019s formal trading session, WTI increased by $1.55 to settle at $65.37. Market optimism that crude demand will recover, despite an uptick in coronavirus infection rates in some countries, helped to lift prices last week. Prices could continue to climb this week if the market remains optimistic as vaccines continue to roll out.<\/p>\n

Additionally, prices increased after the Energy Information Administration\u2019s (EIA) latest weekly report revealed that total domestic crude oil inventory decreased by 400,000 bbl to 484.7 million bbl. If EIA\u2019s next report shows another decrease in total domestic crude supply, crude prices could increase further.<\/p>\n

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.<\/p>\n

 <\/p>\n

[470center]<\/p>\n

About AAA – The Auto Club Group<\/h3>\n

The Auto Club Group (ACG) is the second-largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking, and financial services, travel offerings, and more.<\/p>\n

ACG belongs to the national AAA federation with more than 62 million members in the United States and Canada. AAA\u2019s mission is to protect and advance freedom of mobility and improve traffic safety.<\/p>\n

For more information, get the AAA Mobile app<\/a>, visit AAA.com<\/a>, and follow us on Facebook, Twitter and LinkedIn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Washington, D.C. – The national gas price average is the most expensive in six years at $3.04. Gas prices were expected to flirt with $3.00\/gallon leading up to Memorial Day weekend, but last week\u2019s shutdown of the Colonial Pipeline caused prices to spike weeks ahead of the holiday. On the week, the national average jumped […]<\/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":[1361,2795,2796,11278,7701,9800,6620,2797,4050,2799,1642,3724,1643,2801,1644,1837,5577,9284,2848,2803,261,1840,1648,3338,1649,9460],"class_list":["post-17667","post","type-post","status-publish","format-standard","hentry","category-community","tag-aaa","tag-alabama","tag-arkansas","tag-colonial-pipeline","tag-crude-oil","tag-energy-information-administration","tag-gas-prices","tag-georgia","tag-kansas","tag-louisiana","tag-maryland","tag-memorial-day-weekend","tag-minnesota","tag-mississippi","tag-missouri","tag-north-carolina","tag-north-dakota","tag-oil-prices","tag-oklahoma","tag-south-carolina","tag-tennessee","tag-texas","tag-virginia","tag-washington-d-c","tag-west-virginia","tag-wti"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/17667","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=17667"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/17667\/revisions"}],"predecessor-version":[{"id":17668,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/17667\/revisions\/17668"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=17667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=17667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=17667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}