Tampa, FL – The New Year began with increased gas prices reaching today’s average of $2.34 per gallon. The national average has moved higher for 34 of the past 35 days, largely due to market reactions to last fall’s OPEC deal. Pump prices increased by five cents on the week, by 18 cents per gallon on the month, and are up by 34 cents on the year.
Moving into 2017, retail prices will continue to hinge on the ability of cartel countries to successfully implement production cuts, but retail averages are likely to increase leading up to the summer driving season as seasonal refinery maintenance gets underway this spring.
Tampa, FL – Retail averages have increased 28 of the past 30 days and prices have moved higher by fractions of a penny since Friday. The national average for regular unleaded gasoline currently sits at $2.29 per gallon, which is five cents more than one week ago, 16 cents more than one month ago and 29 cents more year-over-year.
Heading into 2017, gasoline demand is expected to drop drastically during the month of January following the busy holiday travel season.
Tennessee vs. Nebraska
Friday, December 30th, 2016 | 2:30pm CT
Knoxville, TN – The University of Tennessee football team has accepted an invitation to play the Nebraska Cornhuskers in the Franklin American Mortgage Music City Bowl on December 30th at Nissan Stadium in Nashville, Tennessee. The game will feature a 2:30pm CT kickoff on ESPN.
“Our entire program is excited about representing the University of Tennessee at the Music City Bowl,” said head coach Butch Jones. “This will be a great opportunity for our players to play in a NFL stadium against a very challenging opponent in Nebraska. We have a special group of seniors that have given their all for this program and I know they are excited about a final opportunity to play together.”
Tampa, FL – Pump prices have climbed higher as compared to the previous week, even though many states have switched over to winter blend gasoline and there remain abundant crude oil supplies.
The national average price for regular unleaded gasoline moved higher each of the past seven days reaching today’s average of $2.22 per gallon. Today’s average price is two cents more than one week ago and 1 cent more than one month ago.
Tampa, FL – The national average price for regular unleaded gasoline has dropped six consecutive days after rising for 16 straight days to close out August. Today’s national average is $2.20 per gallon. Gas prices started turning lower heading into the Labor Day weekend, which marks the unofficial end to the summer driving season.
Today’s national average is two cents less than a week ago and 18 cents less than a year ago but 8 cents more than one month ago. The year-on-year discount persists but has closed more than 30 cents in just 20 days.
Tampa, FL – Prices at the pump should get more expensive this week thanks to an increase in oil prices and high demand for gasoline. Crude oil prices rose for the third consecutive week, making the cost to produce gasoline more expensive.
Gas prices nationwide have increased for 20 of the last 23 days, rising 16 cents to Sunday’s average of $2.20.
Tampa, FL – After declining the first few days of last week, prices at the pump rose in line with the price of oil. The national average price of gasoline is $2.13 – 2 cents more than a week ago, but pump prices remain 38 cents less than a year ago, and $1.56 less than this time two years ago.
“The price of oil rose $4.00 last week, which could lead to a total increase of nearly 10 cents at the pump in the near future,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
Oil market will keep gas prices volatile
Tampa, FL – Nationally, motorists are paying $2.11 per gallon, up 7 cents from last week, and the highest price at the pump since November 2015. The national average has remained above $2.00 a gallon for 25 consecutive days and could rise another 10-15 cents by Memorial Day.
“Many drivers saw gas prices jump up this week,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “Oil averaged $4.00 higher than last week, which put upward pressure on gasoline prices. Even though prices are up nearly 15 cents from a month ago, motorists are still enjoying a 30 cent savings year over year.”
Tampa FL – The low price of oil has given way to declines in prices at the pump. The average price of gasoline fell for the tenth consecutive day Sunday, in Florida, Georgia, and Tennessee. State averages are 2-3 cents lower than a week ago.
“Motorists filling their gas tanks got a brief reprieve from rising prices, thanks to a dip in oil prices early last week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “But oil finished the week $4.00 higher than it started, which could cause pump prices to climb again in the near future.”
Fuel Savings Approach $10 Billion in the First Quarter of 2016 Compared to the Same Period Last Year
Tampa, FL – Americans paid the cheapest quarterly gas prices in twelve years during the first three months of 2016. Motorists have saved nearly $10 billion on gas so far this year compared to the same period in 2015.
The national average price of gas during the first quarter was $1.86 per gallon, making it the cheapest quarter for gasoline since January-March 2004. Gas prices are expected to remain relatively low compared to recent years, though average prices could rise another 25 cents per gallon by Memorial Day.
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