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AAA says National Gas Price Average to climb this week due to Colonial Pipeline shutdown

 

AAAWashington, D.C. – On the week, the national gas price average jumped six cents to $2.96. If the trend continues, an increase of three more cents would make the national average the most expensive since November 2014 –the last time we saw average prices at $2.99 and higher.

AAA forecasts gas prices to climb this week in reaction to the shutdown of the Colonial Pipeline, which delivers approximately 45% of all fuel to the East Coast.

Gas Prices Jump Six Cents on Week, Likely to Climb Higher with Major Pipeline Shutdown. (AAA)

Gas Prices Jump Six Cents on Week, Likely to Climb Higher with Major Pipeline Shutdown. (AAA)

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Joe Biden-Kamala Harris Administration Launches an All-of-Government Effort to Address Colonial Pipeline Incident

 

The White HouseWashington, D.C. – The recent cyberattack targeting the Colonial Pipeline has triggered a comprehensive federal response focused on securing critical energy supply chains.

President Joe Biden is receiving regular briefings on the incident and has directed agencies across the Federal Government to bring their resources to bear to help alleviate shortages where they are occurring.

President Joe Biden and Vice President Kamala Harris

President Joe Biden and Vice President Kamala Harris

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AAA reports April Saw Small Pump Price Changes, Larger Increases Likely in May

 

AAAWashington, D.C. – At the start of May, the national gas price average is $2.90, which is three cents more than a month ago.

Pump prices in April saw minimal variability compared to March, which increased 15 cents from start to finish. Stable crude oil prices amid fluctuating demand helped keep the national average price jumps nominal last month.

Gas Prices expected to continue to rise in May. (AAA)

Gas Prices expected to continue to rise in May. (AAA)

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National Gas Price Average rises Two Cents

 

Tennessee has some of the Cheapest Gas Prices in the Country

AAAWashington, D.C. – At 9.1 million b/d, United States gasoline demand recorded its second-highest measurement since mid-March 2020, indicating that motorists are filling up more often.

This latest demand reading is the highest spring number released by the Energy Information Administration (EIA) in two years. In fact, it is only about 3% below the same week in 2019.

U.S. Demand Readings Looking More Like Spring. (AAA)

U.S. Demand Readings Looking More Like Spring. (AAA)

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Tennessee Titans have 22nd Pick in the 2021 NFL Draft

 

Tennessee Titans

Tennessee TitansNashville, TN – In determining draft order, non-playoff clubs select first through 18th, according to the reverse order of their standing (i.e., the team with the lowest winning percentage receives the first pick, the team with the second-lowest winning percentage receives the second pick, etc.).

Playoff teams select 19th through 32nd based on their level of advancement in the postseason.

Derrick Henry was the Tennessee Titans' 45th overall draft selection in 2016. (Jim Brown-USA TODAY Sports)

Derrick Henry was the Tennessee Titans’ 45th overall draft selection in 2016. (Jim Brown-USA TODAY Sports)

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AAA reports National Gas Price Averages at $2.86 since beginning of April

 

AAAWashington, D.C. – AAA says that despite gasoline demand mostly increasing this month, the national gas price average has seen little movement, fluctuating up or down by only a penny to $2.86 or $2.87.

In fact, 10 of the past 12 days saw a steady hold at $2.86 despite demand reaching its highest measurement—8.9 million b/d for the week ending April 9th—in more than a year.

National Gas Price Average has changed little since April. (AAA)

National Gas Price Average has changed little since April. (AAA)

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AAA says Gasoline Supply, Refinery Utilization on the Rise as Crude Oil Prices Decline

 

AAAWashington, D.C. – AAA reports Refinery utilization is at its highest measurement this year: 84%.

This strong utilization rate, as measured by the Energy Information Administration (EIA), helped contribute to the addition of 4 million bbl of gasoline, pushing overall supply levels to 234.5 million bbl for the week ending April 2nd.

Gas truck

Gas truck

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AAA says Gasoline Demand Continues to Grow as Pump Prices Fluctuate

 

AAAWashington, D.C. – AAA reports Gasoline demand measured 8.9 million b/d in the Energy Information Administration’s (EIA) latest weekly report, up nearly 4% from the week prior.

Because of the jump in demand, gasoline supplies tightened to 230.5 million bbl, the lowest level this year, and state gas prices averages saw major fluctuations. On the week, states saw pump price changes ranging from an increase of 15 cents to a decrease of 3 cents.

Gas Prices at the Pump bounce around as demand grows. (AAA)

Gas Prices at the Pump bounce around as demand grows. (AAA)

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Tennessee Vols Basketball plays Oregon State in first round of NCAA Tournament

 

#5 Tennessee (18-8 | 10-7 SEC) vs. #12 Oregon State (17-12 | 10-10)

NCAA Tournament First Round
Friday, March 19th, 2021 | 3:30pm CT
Indianapolis, IN | Bankers Life Fieldhouse | TV: TNT

Tennessee Volunteers - UT VolsIndianapolis, IN – The Tennessee basketball opens its account at the 2021 NCAA Tournament, with a first-round matchup in the Midwest Region with 12th-seeded Oregon State. Friday afternoons tipoff from Bankers Life Fieldhouse is scheduled for 3:30pm CT on TNT.

Fans can catch Friday’s game on TNT and online or on any mobile device through March Madness Live and on the March Madness Live App. Spero Dedes, Brendan Haywood, and Lauren Shehadi will have the call.

Tennessee Men's Basketball will take on Oregon State in first round action of the NCAA Tournament, Friday. (UT Athletics)

Tennessee Men’s Basketball will take on Oregon State in first round action of the NCAA Tournament, Friday. (UT Athletics)

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AAA says Americans Paying 14% More at the Pump Compared to February

 

AAAWashington, D.C. – Following last month’s winter storm in Texas, the national gas price average has jumped nearly 40 cents to $2.86.

Prices will continue to increase this week, especially following the Energy Information Administration’s (EIA) latest weekly reports showing the second week of a major decline in gasoline stocks and a substantial increase in U.S. demand.

Gas prices at the pump will continue to rise this week. (AAA)

Gas prices at the pump will continue to rise this week. (AAA)

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