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Topic: Alaska

United States Gas Demand Soars

 

AAAWashington, D.C. – At 10 million b/d, gasoline demand reached a new Energy Information Administration (EIA) record last week, and that number only partially reflects Independence Day holiday weekend travel.

The nearly 1 million b/d jump in demand drove down gasoline supplies by 6.1 million bbl to 235,000 million bbl and consequently pushed the national average pump price up to $3.14.

Gas Demand Soars to Record High in United States. (AAA)

Gas Demand Soars to Record High in the United States. (AAA)

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AAA says Crude Oil Prices to Hit 7-Year High this Week with National Gas Price Average to Increase to $3.25 this Month

 

AAAWashington, D.C. – The national gas price average has increased 40% since the start of the year, from $2.25 on January 1st to $3.13 today. Moreover, it is not stopping there. Motorists can expect gas prices to increase another 10–20 cents through the end of August, bringing the national average well over $3.25 this summer.

“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, AAA spokesperson.

Winter Storm shutsdown refineries causing gas prices to spike. (AAA)

Winter Storm shuts down refineries causing gas prices to spike. (AAA)

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AAA says expect High Gas Prices for Independence Day Holiday Weekend

 

AAAWashington, D.C. – At $3.09, the national gas price average is at its highest of the year and not stopping. That average will increase, possibly as much as another nickel, in the lead up to Independence Day as AAA forecasts a record-breaking 43.6 million Americans will hit the road for a holiday getaway.

This year’s Independence Day holiday weekend is defined as Thursday, July 1st – Monday, July 5th, 2021.

No Freedom from High Gas Prices during Independence Day Holiday. (AAA)

No Freedom from High Gas Prices during Independence Day Holiday. (AAA)

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AAA reports Gas Stocks Increase for Four Straight Weeks Helping to Minimize Pump Price Fluctuation

 

AAAWashington, D.C. – Increasing gasoline stock levels have helped to keep gas prices mostly stable across the country. On the week, 40 state gas price averages held steady or saw fluctuation of only one to two cents. This helped the national average decrease by a penny since last Monday, down to $3.07 today.

According to Energy Information Administration (EIA) data, total gasoline stocks sit at 242.9 million bbl, which is a 9 million bbl surplus compared to the same week in June 2019.

On the week, Gas Price Averages have remained steady. (AAA)

On the week, Gas Price Averages have remained steady. (AAA)

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President Joe Biden issues statement on Rise of Anti-Semitic Attacks

 

The White HouseWashington, D.C. – In the last weeks, our nation has seen a series of anti-Semitic attacks, targeting and terrorizing American Jews.

We have seen a brick thrown through window of a Jewish-owned business in Manhattan, a swastika carved into the door of a synagogue in Salt Lake City, families threatened outside a restaurant in Los Angeles, and museums in Florida and Alaska, dedicated to celebrating Jewish life and culture and remembering the Holocaust, vandalized with anti-Jewish messages.

United States President Joe Biden.

United States President Joe Biden.

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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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AAA reports National Gas Price Average falls on the Week for First Time in Months

 

AAAWashington, D.C. – At $2.86, the national average has decreased week-over-week for the first time since November of last year. Today’s average is two cents cheaper on the week. Since last Monday, 45 states also saw their averages decrease or no change at the pump.

“Growing stock levels and cheaper crude oil prices are putting downward pressure on pump prices for the majority of motorists,” said Jeanette McGee, AAA spokesperson.

Gas prices at the pump start to decline. (AAA)

Gas prices at the pump start to decline. (AAA)

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AAA reports National Gas Price Average remains Steady for Five Days

 

AAAWashington, D.C. – After weeks of seeing almost daily increases, the national gas price average is showing signs of stability, holding steady at $2.88 for the last 5 days.

Still, today’s average is the highest price since May 2019 and is more expensive on the week (+2 cents), month (+25 cents), and year (+74 cents).

Gas prices at the pump decline due to low demand. (AAA)

Gas prices at the pump decline due to low demand. (AAA)

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AAA reports Crude, Gas Prices Continue to Climb Higher as Stocks Tighten

 

AAAWashington, D.C. – With a nickel increase on the week, the national gas price average has reached $2.77, which is a 31-cent jump in the last month. Every state average has climbed by double-digits since February resulting in 1 in 10 gas stations with pump prices that are $3.00/gallon or more.

Pump prices are increasing as refinery utilization is at an all-time low and crude oil prices (WTI) surged by more than $2.00/bbl to $66.00/bbl on Friday, the highest price in nearly two years.

Refinery Utilization Plummets to Lowest Level Recorded. (AAA)

Refinery Utilization Plummets to Lowest Level Recorded. (AAA)

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AAA reports National Gas Price Average increases another nine cents

 

AAAWashington, D.C. – AAA says Gas prices continue to increase, with the national average up nine cents on the week to $2.72. That is a 30 cent increase from the beginning of February, 28 cents more than a year ago, and the most expensive daily national average since August 2019.

The latest price jumps are a direct result of February’s winter storm that took 26 U.S. refineries offline and pushed refinery utilization from an average of about 83% down to an atypical low of 68%, according to the Energy Information Administration (EIA).

March Gas Prices: In Like a Lion, but Out Like a Lamb? (AAA)

March Gas Prices: In Like a Lion, but Out Like a Lamb? (AAA)

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