{"id":18234,"date":"2021-12-13T22:00:21","date_gmt":"2021-12-14T04:00:21","guid":{"rendered":"https:\/\/www.paristn.net\/articles\/?p=18234"},"modified":"2021-12-13T15:56:02","modified_gmt":"2021-12-13T21:56:02","slug":"gas-prices-continue-slow-decline","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2021\/12\/13\/gas-prices-continue-slow-decline\/","title":{"rendered":"Gas Prices continue Slow Decline"},"content":{"rendered":"

\"AAA\"Washington, D.C.<\/strong> – AAA reports pump prices continue their slow seasonal descent, despite a slight rebound in oil prices due to waning fears of a global slowdown caused by the COVID-19 omicron variant.<\/p>\n

The national average for a gallon of gas fell two cents on the week to $3.33.<\/p>\n

\"Gas<\/a><\/p>\n

\u201cGas prices tend to fall a bit this time of year due to the shorter days and less robust demand,\u201d said Andrew Gross, AAA spokesperson. \u201cAnd this trend was assisted by the recent steep drop in oil prices due to fears over the omicron variant. But the variant\u2019s impact on pricing appears to be fading, so it remains to be seen if oil prices stabilize or move higher.\u201d<\/p>\n

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks increased by nearly 4 million bbl to 219,304 million bbl last week. Meanwhile, gasoline demand was relatively flat, creeping upwards from 8.8 million b\/d to 8.9 million b\/d. The slight increase in demand was countered by crude prices in the low $70s bbl.<\/p>\n

Today\u2019s national average of $3.33 is eight cents less than a month ago and $1.17 more than a year ago.<\/p>\n

\"2018-2021<\/a>Quick Stats <\/h3>\n

The nation\u2019s top 10 largest weekly decreases<\/strong>: Michigan (\u22126 cents), Indiana (\u22125 cents), Alabama (\u22125 cents), Illinois (\u22124 cents), Texas (\u22124 cents), Missouri (\u22124 cents), South Carolina (\u22124 cents), New Mexico (\u22124 cents), Wyoming (\u22124 cents) and North Dakota (\u22124 cents).<\/p>\n

[470center]<\/p>\n

The nation\u2019s top 10 most expensive markets<\/strong>: California ($4.67), Hawaii ($4.33), Nevada ($3.88), Washington ($3.87), Oregon ($3.78), Arizona ($3.78), Alaska ($3.71), Idaho ($3.62), Utah ($3.58) and Pennsylvania ($3.56).<\/p>\n

Oil Market Dynamics <\/h3>\n

At the close of last week\u2019s formal trading session, WTI increased 73 cents to settle at $71.67. Crude prices increased slightly after EIA\u2019s weekly report showed that total domestic crude inventories decreased by 200,000 bbl to 432.9 million bbl.<\/p>\n

The current storage level is approximately 14 percent lower than last year\u2019s storage level at this time, which is helping to keep crude prices elevated.<\/p>\n

Additionally, prices rebounded last week as optimism increased that the omicron variant of the COVID-19 virus will not have as large an impact on global energy demand as initially feared. For this week, continued optimism could help crude prices continue to rise. <\/strong><\/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 AAA roadside assistance. Learn more at AAA.com\/mobile<\/a>.<\/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. – AAA reports pump prices continue their slow seasonal descent, despite a slight rebound in oil prices due to waning fears of a global slowdown caused by the COVID-19 omicron variant. The national average for a gallon of gas fell two cents on the week to $3.33.<\/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":[1361,2795,9166,1834,5451,12675,12712,13392,7701,9969,9800,107,6620,10205,10655,1638,1639,2800,1644,1838,5227,5577,9284,1839,1647,2803,1840,7063,5588,3338,9460,4052],"class_list":["post-18234","post","type-post","status-publish","format-standard","hentry","category-community","tag-aaa","tag-alabama","tag-alaska","tag-arizona","tag-california","tag-coronavirus","tag-covid-19","tag-covid-19-omicron-variant","tag-crude-oil","tag-eia","tag-energy-information-administration","tag-featured","tag-gas-prices","tag-hawaii","tag-idaho","tag-illinois","tag-indiana","tag-michigan","tag-missouri","tag-nevada","tag-new-mexico","tag-north-dakota","tag-oil-prices","tag-oregon","tag-pennsylvania","tag-south-carolina","tag-texas","tag-utah","tag-washington","tag-washington-d-c","tag-wti","tag-wyoming"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/18234","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=18234"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/18234\/revisions"}],"predecessor-version":[{"id":18235,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/18234\/revisions\/18235"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=18234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=18234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=18234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}