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Topic: Colonial Pipeline

AAA reports National Gas Price Average Declines after Nearly Two Weeks of Increases

 

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AAATampa, FL – At $2.89, the national gas price average is two-cents cheaper than it was a week ago amid consumer gasoline demand declining for a third week. Today’s gas price average is four-cents more than a month ago and 42-cents more expensive than a year ago.

The majority of states have seen gas prices decrease on the week with the exception of a handful of states, some of which were impacted by fuel disruptions on the west coast and in the southeast.

2015-2018 National Gas Price Comparison - October 15th «Read the rest of this article»

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AAA reports Refineries recovering from Hurricane Harvey, Irma Stirs Uncertainty

 

Clarksville-Montgomery County has third highest Gas Prices in Tennessee

AAATampa, FL Gas prices spiked during the past week in response to Hurricane Harvey’s impact on the fuel refining region in the Gulf Coast.

This left motorists with the most expensive Labor Day gas prices in three years. Just as operations in the Gulf Coast begin to recover, motorists are faced with the potential of another major storm. 

Gas Prices rise due to Hurricane Harvey's impact on Gulf Coast oil refineries.

Gas Prices rise due to Hurricane Harvey’s impact on Gulf Coast oil refineries.

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AAA reports National Gas Price Average Hits Highest Pump Price of the Year

 

AAATampa Bay, FL – At $2.45, today’s national gas price average is the highest recorded price for a gallon of unleaded gasoline so far this year.

The near-term combinations of numerous refinery and pipeline shut downs, tightened access to supply levels in the Gulf and anticipated high gasoline demand surrounding Labor Day weekend, means motorists may not have seen the full impact of Harvey at the pump.

Hurricane Harvey Induced Refinery and Pipeline Shut Downs Spur Short-Term Spike.

Hurricane Harvey Induced Refinery and Pipeline Shut Downs Spur Short-Term Spike.

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AAA reports National Average Gas Price Drops for 10 Consecutive Days

 

AAATampa, FL – Pump prices have fallen for 10 consecutive days, reaching today’s national average price of $2.17 per gallon. Drivers are benefiting from the price of retail gasoline with today’s average five cents less per gallon than one week ago and eight cents less than one month ago.

The abundance of crude oil in the global market is contributing to lower prices, and as a result, retail averages are the same price as compared to one year ago.

National Average Gas Price Comparison, 2013-2016 «Read the rest of this article»

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AAA reports Oil Prices Tumbling, Lower Gas Prices Expected

 

Colonial Pipeline Restored Service to Line 1 Sunday Morning

AAATampa, FL – A major shift occurred in the oil markets last week, suggesting gas prices could soon plummet. Oil prices tumbled to 6-week lows, due to an unexpected record-high build in domestic crude oil inventories.

The crude oil forecast has now gone from an imminent $55.00-$60.00 a barrel range, to $40.00 a barrel or below – the same level as we saw last winter, when gas prices were less than $2.00 a gallon.

Oil Prices Decline

Oil Prices Decline

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AAA reports Gas Prices decline as Crude Oil Prices Stabilizes

 

AAATampa, FL – The national average price for a gallon of regular unleaded declined for the 15th consecutive day Sunday, for a total discount of 4 cents during that period. In the southeast, the rate of decline varies depending on the state.

Average prices in Georgia and Tennessee have spent the past month slowly recovering from the Colonial Pipeline outage that sent prices surging by an average of 28 and 17 cents respectively.

National Average Gas Prices - Oct 2016 «Read the rest of this article»

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AAA reports Hurricane Matthew Hits Gas Prices

 

AAATampa, FL – Pump prices rose in Florida last week as gas stations struggled to meet surging demand due to Hurricane Matthew. The Florida average is 6 cents higher than this time last week. Meanwhile, state averages are 2 cents less in Georgia and about the same as last week in Tennessee.

Some of the largest increases during the past week were 7 cents in Fort Myers, 8 cents in Miami, and 9 cents in West Palm Beach and Fort Lauderdale. Click here to view all state and metro gas prices averages.

Gas Prices rose in Florida due to Hurricane Matthew

Gas Prices rose in Florida due to Hurricane Matthew

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AAA reports Slight Increase in Gas Prices as Seasonal Decline is Stalled

 

AAATampa, FL – Pump prices have climbed higher as compared to the previous week, even though many states have switched over to winter blend gasoline and there remain abundant crude oil supplies.

The national average price for regular unleaded gasoline moved higher each of the past seven days reaching today’s average of $2.22 per gallon. Today’s average price is two cents more than one week ago and 1 cent more than one month ago.

National Average Gas Price Comparison 2013-2016 «Read the rest of this article»

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AAA reports Volatility at the Pump as Oil Prices Rise

 

AAATampa, FL Gas prices are about the same – if not less – than last week, in the southeastern United States. During the past seven days, state averages declined 4 cents in Georgia and 2 cents in Tennessee. The state average in Florida is the same.

“Volatility continues in the Southeastern and Mid-Atlantic regions where gasoline prices remained high as a result of the Colonial Pipeline disruption,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Even though the Colonial Pipeline successfully restarted Line 1 more than a week ago, the effect of the disruption is still being felt in those regions and will take some time to get fully resupplied.”

Rising Oil Prices means Higher Gas Prices at the Pumps. (AAA)

Rising Oil Prices means Higher Gas Prices at the Pumps. (AAA)

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AAA reports Gas Prices begin to fall after Leak

 

AAATampa, FL – Florida motorists continue to enjoy daily discounts at the pump. Meanwhile, gas prices in Georgia and Tennessee are letting up after a leak in the Colonial Pipeline suppressed gasoline supplies in six states.  

During the 12-day shutdown to line 1, state average prices rose 28 cents in Georgia and 17 cents in Tennessee. Since restoring flow to Line 1 on Wednesday, state averages are 2 cents lower in Georgia and fractions of a penny less in Tennessee.

Oil Prices Decline

Oil Prices Decline

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