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AAA says Pump Prices continue to Fall for Majority of Motorists

 

AAATampa, FL – AAA reports that the national gas price average dropped by four cents on the week to $2.60, despite a jump in gasoline demand and a draw in gasoline stocks.

That is the largest one-week decrease since gas prices started to increase more than six weeks ago. Today’s average is a nickel cheaper than last month and 21-cents cheaper than last year at this time.

2016-2019 - National Gas Price Comparison - October 28 «Read the rest of this article»

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AAA reports National Gas Price Average Slowly, but Steadily Declines for Three Weeks

 

AAATampa, FL – AAA says despite an unseasonal spike in demand, according to the Energy Information Admiration’s (EIA) latest data sets, gas prices are decreasing for the majority of motorists across the country as crude oil prices (WTI) remain under $54.00/bbl.

Today, the national average gas price is $2.63, which is two cents less than last week and 26 cents cheaper than last year, but six-cents more expensive than last month.

Gas prices at the pump continue to fall. (AAA)

Gas prices at the pump continue to fall. (AAA)

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AAA reports National Gas Price Average Jumps by a Dime in One Week

 

AAATampa, FL – AAA says that last week was the first time since early June that the national gas price average jumped more than a nickel in under a few days. On the week, it’s a dime more expensive at $2.66 with half of states seeing prices increase by 10 cents or more.

However, even with the significant increase, the national average is still cheaper compared to last month (-6 cents) and last year (-19 cents).

Gas prices holding steady according to AAA. (AAA)

Gas prices holding steady according to AAA. (AAA)

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AAA reports Crude Oil Prices Spike Following Attacks on Saudi Arabian Oil Facilities

 

AAATampa, FL – On the week, the national gas price average held steady at $2.56, but motorists can expect some volatility at the pump in the coming days and weeks.

Over the weekend, Saudi Arabia experienced drone attacks on two major oil facilities – including the world’s largest, Abqaiq. The attacks have taken 5.7 million (crude) barrels per day off the market, accounting for about 6% of the global supply.

Americans Can Expect Pump Price Jumps Coming to Stations as Soon as this Week. (AAA)

Americans Can Expect Pump Price Jumps Coming to Stations as Soon as this Week. (AAA)

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AAA reports Domestic Gasoline Stocks Soar, Push Down Gas Prices

 

AAATampa, FL – AAA says the national gas price average, $2.64, represents a seven-cent drop on the week as domestic gasoline stocks built by a surprising 4.4 million bbl, according to the Energy Information Administration’s (EIA) latest data.

Contributing to the build was at least 1.2 million b/d of imports at U.S. ports. With the large bump, stocks now sit 235 million bbl – a U.S. stock level not seen in nearly five months (end of March).

10 Least Expensive Average Gas Prices - August 12th, 2019 «Read the rest of this article»

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AAA reports Gas Price Increases at the Pump Slowing Across the Country

 

AAATampa, FL – On the week, AAA says all but eight states saw gas price averages push cheaper or remain stable. At $2.76, the national gas price average is three cents less expensive than last Monday. This is the first time in four weeks that the national average has seen a weekly decline.

“Gasoline stocks remain robust amid a recent dip in demand, which could be one reason we are seeing pump prices starting to roll back,” said Jeanette Casselano, AAA spokesperson.

2016-2019 National Gas Price Comparison - July 22nd, 2019 «Read the rest of this article»

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AAA reports National Gas Price Average rises Eight Cents in Two Weeks

 

AAATampa, FL – The national gas price average is $2.79, which is an eight-cent increase since the beginning of July. Gas prices have increased amid more expensive crude oil prices, robust demand and decreasing gasoline stocks.

Since last Monday, 18 states have seen their gas price averages increase by at least a nickel. Hurricane Barry, which made landfall in Louisiana this past weekend, seems to have had little impact on the national average.

2016-2019 National Gas Price Comparison - July 15th, 2019 «Read the rest of this article»

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AAA says Pump Prices are Dropping Fast with Summer approaching

 

AAATampa, FL – AAA reports that since Memorial Day the national average dropped six cents on the week, following a consistent downward trend.

The decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand. However, the latest Energy Information Administration (EIA) report reveals that total domestic gasoline inventories jumped a million bbl last week, helping to push pump prices lower.

According to AAA, U.S. Gasoline Inventories continue to grow. (AAA)

According to AAA, U.S. Gasoline Inventories continue to grow. (AAA)

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AAA says Gas Prices drop Seven Cents at the Pump

 

AAATampa, FL – AAA says that today’s national average is $2.74, which is seven-cents cheaper than last week, 13-cents less than a month ago and 18 cents cheaper than a year ago. Nearly every state’s gas price average is cheaper than a week ago, a month ago and a year ago. 

“Refinery utilization in the United States is at its highest level since early January, resulting in overall gasoline stocks at healthy levels to meet robust summer demand. Prices are dropping due to cheaper crude oil and at the same time U.S. supply is keeping pace with demand,” said Jeanette Casselano, AAA spokesperson.

Consumers see Summer Savings at the Gas Pump. (AAA)

Consumers see Summer Savings at the Gas Pump. (AAA)

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AAA reports Gas Prices continue to decline

 

AAATampa, FL – AAA says that today’s national average is $2.81, which is two cents cheaper than last week, eight cents less than last month and 13 cents less than last year.

With the exception of the Rockies states, Alaska and Indiana, motorists across the country are saving as much as 23 cents/gallon to fill up as compared to last month.

AAA says Pump Prices Continue to Push Lower for Majority of Motorists. (AAA)

AAA says Pump Prices Continue to Push Lower for Majority of Motorists. (AAA)

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