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Topic: Energy Information Administration

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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AAA reports United States Gas Price Averages Inching Up Amid Rising Demand

 

AAA

AAATampa, FL – Many motorists filling up across the country are noticing gas prices that are increasing slightly. While nearly 25 states’ averages increased on the week, the national average is only a penny more than a week ago at $2.26.

The fluctuating national and state gas price averages come alongside an increase in gasoline demand and reflect the higher crude oil prices as of late, but it’s likely not to be a long-term trend.

While nearly 25 states’ averages increased on the week, the national average is only a penny more than a week ago. (AAA)

While nearly 25 states’ averages increased on the week, the national average is only a penny more than a week ago. (AAA)

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AAA reports National Gas Price Average Inches Up for First Time in Three Months

 

AAA

AAATampa, FL – At a penny more expensive on the week, the national gas price average ($2.25) increased for the first time since October. Despite the increase, today’s average is still cheaper month-over-month (-14 cents) and year-over-year (-28 cents).

“The price of crude oil has been slowly, but steadily increasing since the beginning of the year, which is starting to push up pump prices,” said Jeanette Casselano, AAA spokesperson.

2016-2019 National Gas Price Comparison - January 14th «Read the rest of this article»

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AAA says 2019 Rings in Cheapest New Year Gas Prices Since 2016

 

AAA

AAATampa, FL – The New Year has ushered in the cheapest national gas price average in three years. To boot, at $2.25 today’s national average is even one cent cheaper than on January 1st, 2019 and trends indicate that pump prices will likely remain cheap for at least the first half of the month.

Today, 29 state gas price averages are at or below the national average of $2.25 with Missouri touting the cheapest at $1.83. Hawaii ($3.34) carries the most expensive average.

AAA expects prices to remain the same despite OPEC production cuts. (AAA)

AAA expects prices to remain the same despite OPEC production cuts. (AAA)

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AAA reports Prices Fall Below $2.00 Per Gallon in Nine States

 

AAA

AAATampa, FL – Nearly 20 percent of states are currently enjoying prices below $2.00 per gallon. Nationally, retail averages have dropped ­­­83 of the past 90 days. The national average for regular unleaded gasoline currently sits at $2.30 per gallon, which is six cents less than one week ago, 24 cents less than one month ago and 16 cents less than at the same time last year.

Heading into 2019, gasoline demand is expected to dwindle during the month of January, an expected change following the busy holiday travel season.

2015-2018 National Gas Price Comparison - December 27th «Read the rest of this article»

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AAA says Growing Global Crude Supply Outpaces Demand, Driving December Pump Prices to Cheapest of the Year

 

AAA

AAAWashington, D.C. – At $2.44 the national gas price average has set a new record low for 2018. This is nearly a nickel less than this time last December. AAA expects the national gas price average to fluctuate through the end of the month and possibly end the year as cheap as $2.40.

Globally, crude supply is growing faster than anticipated. Contributing to the surplus is the United States’ record-breaking production levels – which hit the highest level ever recorded by the Energy Information Administration at 11.7 million b/d last month.

Gas prices holding steady according to AAA. (AAA)

Gas prices holding steady according to AAA. (AAA)

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AAA says National Gas Price Average is Cheaper than One Year Ago for First Time in 18 Months

 

AAA

AAATampa, FL – On the week, motorists in 32 states are paying less to fill up compared to a year ago. As the national gas price average drops to $2.46 it sets a new low price for the year and is cheaper than a year ago by two cents.

The last time the daily national gas price average was cheaper year-over-year was 18 months ago on July 6th, 2017 when gas prices were $2.24 (versus $2.26 on July 6th, 2016).

Prices at the Pump continue to fall across the United States. (AAA)

Prices at the Pump continue to fall across the United States. (AAA)

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AAA reports National Gas Price Average Declines after Nearly Two Weeks of Increases

 

AAA

AAATampa, FL – At $2.89, the national gas price average is two-cents cheaper than it was a week ago amid consumer gasoline demand declining for a third week. Today’s gas price average is four-cents more than a month ago and 42-cents more expensive than a year ago.

The majority of states have seen gas prices decrease on the week with the exception of a handful of states, some of which were impacted by fuel disruptions on the west coast and in the southeast.

2015-2018 National Gas Price Comparison - October 15th «Read the rest of this article»

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AAA reports Gas Prices Slip as Stock Market Struggles

 

Clarksville-Montgomery County has second lowest Gas Prices in Tennessee

AAATampa, FL Gas prices declined over the weekend and that trend should continue this week. 

Gas prices in Tennessee slipped 1-cent lower during the weekend. Due to a slight increase last week, the Tennessee state average of $2.68 per gallon is only a half cent less than a week ago. However, Tennessee motorists are still paying 9 cents per gallon more than last month and 36 cents more than this time last year. 

Click here to view AAA’s state and metro gas price averages

Rising Oil Prices means Higher Gas Prices at the Pumps. (AAA)

Rising Oil Prices means Higher Gas Prices at the Pumps. (AAA)

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