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AAA reports Winter Gas Prices Continue to Decline

 

AAATampa, FL – AAA says new data from the Energy Information Administration (EIA) has revealed that a high level of gasoline stocks and low demand continue to put downward pressure on pump prices across the country.

For total domestic gasoline stocks, last week’s level – 261.1 million bbl – is in line with the previous week’s level.

Gas prices at the pump continue downward trend. (AAA)

Gas prices at the pump continue downward trend. (AAA)

As a result, when compared to last year, total stocks are 3.3 million bbl higher this year.

On the demand front, although Energy Information Administration estimates that gas demand increased by 139,000 b/d to 8.93 million b/d last week, it is still lower than last year’s 9.07 million b/d at this time.

Elevated stocks and low demand have helped to push the national average lower and will likely continue to do so as these trends continue. Since Monday, the national average for a gallon of regular gasoline has dropped by two cents to $2.45.

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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