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AAA reports Growing Gas Stocks Help to Push National Average Lower

 

AAATampa, FL – AAA says that according to newly released data from the Energy Information Administration, total domestic stocks of gasoline grew by 1.9 million bbl last week, bringing the current stock level to 219.1 million bbl.

This is 7.5 million bbl lower than last year at this time.

Gas prices at the pump continue to fall. (AAA)

Gas prices at the pump continue to fall. (AAA)

This growth in stock levels, amid robust demand, has helped to push prices down and will likely continue to do so if the trend continues.

Last week, demand hit 9.32 million b/d — up slightly from 9.19 million b/d during the first week of November 2018.

Since Monday, the national average for a gallon of unleaded regular gasoline decreased by a penny to $2.60.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. 

ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android.

Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.

 


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