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AAA reports National Average Unchanged as Gas Stocks Grow, Demand Remains Low

 

AAATampa, FL – AAA says in its latest weekly report, the Energy Information Administration (EIA) revealed that total domestic stocks of gasoline continue to grow. According to EIA’s data, stocks grew by 1.7 million bbl last week, bringing the current total to 260 million bbl.

The current level is in line with the level seen in mid-January 2019.

Gas prices at the pump remain steady in January. (AAA)

Gas prices at the pump remain steady in January. (AAA)

For gasoline demand, EIA estimates that it grew slightly from 8.56 million b/d to 8.66 million b/d last week, but the current level is lower than last year’s 8.87 million b/d at this same time.

Increased stocks and low demand have helped the national average to stabilize this week. As these trends continue, American motorists will likely continue to see lower pump prices.

Since Monday, the national average for a gallon of regular gasoline has held steady at $2.54.

About AAA – 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, banking, financial services, and travel offerings to over 13.5 million members across 13 U.S. states, the province of Quebec and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Tennessee, Wisconsin, Puerto Rico, South Carolina 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 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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