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AAA reports Unplanned Refinery Maintenance Boosts Pump Prices While Gas Stocks Continue to Shrink

 

AAA

AAATampa, FL – Refinery maintenance season has hit some unexpected bumps in the road, leading to higher pump prices as the nation settles into spring.

According to new data released from the Energy Information Administration (EIA), total domestic refinery utilization – a measure of how much crude and other feedstocks refineries use to make various products, including gasoline – fell to 86.4 percent last week.

Gas prices have risen slightly reports AAA. (AAA)

Gas prices have risen slightly reports AAA. (AAA)

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AAA reports National Gasoline Average Jumps a Nickel on the Week

 

AAA 

AAATampa, FL – At $2.74, the national gas price average increased a nickel on the week and is eight cents more than last year at this time. And compared to one month ago, gas prices are 28 cents more expensive.

As demand holds steady and inventories continue to tighten, motorists continue to see gas prices increase in every region.

2015-2019 National Gas Price Comparison - April 8th «Read the rest of this article»

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AAA says Motorists Already Considering Adding at least One Summer Road Trip If Gas Prices Remain Low

 

AAA 

AAAWashington, D.C. – Spring fever may be in the air, but American motorists already have summer road trips top of mind.

AAA’s latest Gas Price survey found that if gas prices remain low, 1 in 3 Americans (33 percent) would likely plan another summer road trip while 27 percent would increase the distance of one – with Generation X more likely to do both than Baby Boomers.

AAA Forecasts Spring National Gas Price Average to Reach $2.75. (AAA)

AAA Forecasts Spring National Gas Price Average to Reach $2.75. (AAA)

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AAA says Americans Spend 70 Billion Hours Behind the Wheel

 

AAA

AAA Foundation for Traffic SafetyWashington, D.C. – Americans spend an additional 20 minutes driving each week compared to 2014, according to new research from the AAA Foundation for Traffic Safety.

Over the course of the year, Americans collectively spent 70 billion hours behind the wheel- an eight percent increase since 2014.

AAA - Weekly, American Drive 200 Miles & Spend 6hrs on the Road «Read the rest of this article»

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AAA reports National Gas Price Average Jumps Eight Cents on the Week

 

AAA

AAATampa, FL – With an eight-cent jump on the week, at $2.62, the national average continues to trend more expensive since mid-February. While today’s national average is nearly a quarter more expensive than last month, it is only two cents more expensive than last year at this time.

“Thanks to increasing demand and tightening gasoline stocks across the country, March gas prices came in like a lion and will not go out like a lamb,” said Jeanette Casselano, AAA spokesperson.

2015-2019 National Gas Price Comparison - March 25th «Read the rest of this article»

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AAA says National Gas Price rises Seven Cents

 

AAA 

AAATampa, FL – AAA says that at $2.54, the national gas price average is 7 cents more expensive on the week and 23-cents more than last month. However, today’s price is just as expensive as the same day a year ago.

In fact, for the first time since the end of November last year, the national gas price average the past four days was identical or a penny more expensive year-over-year.

2015-2019 National Gas Price Comparison - March 19th «Read the rest of this article»

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AAA reports Total Domestic Gas Stocks Continue to Tighten Amid Growing Demand

 

AAA 

AAATampa, FL – AAA says in its latest weekly petroleum report, the Energy Information Administration (EIA) revealed that total gasoline stocks fell by 4.2 million bbl. They now sit at 250.7 million bbl, which is 300,000 bbl less than last year’s level at this time.

Meanwhile, EIA reported that demand for gasoline saw a slight uptick last week to 9.1 million b/d, growing by approximately 100,000 b/d from the previous week.

Prices at the Gas Pump rise slightly. (AAA)

Prices at the Gas Pump rise slightly. (AAA)

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AAA says Cold Temperatures Cut Electric Vehicle Range Nearly in Half

 

AAA 

AAAOrlando, FL – As freezing temperatures plague much of the country, electric vehicle owners may experience a decrease in driving range, compounded by the use of the vehicle’s interior climate control.

New research from AAA reveals that when the mercury dips to 20°F and the HVAC system is used to heat the inside of the vehicle, the average driving range is decreased by 41 percent. This means for every 100 miles of combined urban/highway driving, the range at 20°F would be reduced to 59 miles.

AAA research finds HVAC use in frigid temperatures causes substantial drop in electric vehicle range. (AAA)

AAA research finds HVAC use in frigid temperatures causes substantial drop in electric vehicle range. (AAA)

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AAA says Winter Weather Continues to Knock Down Gas Demand

 

AAA

AAATampa, FL – AAA reports that frigid winter weather has played a critical role in keeping pump prices low this winter due to relatively low demand for gasoline.

For two weeks, demand numbers have been decreasing. The latest Energy Information Administration data reveals that gas demand fell by approximately 425,000 b/d from the previous week to 8.6 million b/d.

Gas Prices at the pump remain low. (AAA)

Gas Prices at the pump remain low. (AAA)

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AAA says Crude Inventories Rise Less Than Expected

 

AAA

AAATampa, FL – According to AAA At the end of last week, total domestic crude oil inventories rose less than expected – a build of only 1.3 million bbl to total 447.2 million bbl, according to new data from the Energy Information Administration (EIA).

The slight build in crude inventories was supported by a sharp drop in demand for gasoline, which fell by approximately 500,000 b/d to 9.1 million b/d, according to EIA. With crude stockpiles growing less than anticipated, crude prices will likely continue to gain ground.

AAA reports Higher Oil and Pump Prices Likely Ahead.

AAA reports Higher Oil and Pump Prices Likely Ahead.

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