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AAA Says Jump in Gasoline Demand Drives Down Stocks, but National Average Remains Flat on the Week

 

AAATampa, FL – Gasoline demand numbers look more like summer than fall in the Energy Information Administration’s (EIA) latest reports. However, despite the high demand rate and a draw in U.S stocks, the national average held steady on the week at $2.60.

“Gas prices continue to fluctuate across the country, though on the week the majority of states saw prices only increase or decrease by one or two cents,” said Jeanette Casselano, AAA spokesperson.

Gas Prices remain stead dispite rise in Gasoline Demand. (AAA)

Gas Prices remain stead dispite rise in Gasoline Demand. (AAA)

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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.

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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 says Majority of United States Pays Less to Fill-Up, California’s Gas Prices Spike

 

AAATampa, FL – AAA reports that the national gas price average continues to hold steady on the week at $2.65, which is nine cents more expensive than last month, but 26 cents cheaper than a year ago.

Most motorists around the country are seeing prices decline or stabilize, with the majority of states seeing gas prices decrease by as much as a nickel since last Monday.

Gas prices decline at the pump for most of the country. (AAA)

Gas prices decline at the pump for most of the country. (AAA)

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AAA reports Gas Prices Trending Cheaper

 

AAATampa, FL – AAA says that two weeks after attacks on major Saudi Arabian oil facilities, the majority of Americans are starting to see signs of gas prices trending cheaper. While the national average may have only decreased by a penny on the week, 10 states saw pump prices decline by a nickel or more.

“Crude oil prices have dropped close to where they were right before the drone attacks on the Saudi oil facilities,” said Jeanette Casselano, AAA spokesperson.

Prices at the Gas Pump begin to fall. (AAA)

Prices at the Gas Pump begin 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 Gas Price Trends Falling into Place for Autumn

 

AAATampa, FL – AAA says gas prices continue to trend – slowly, but surely – cheaper with half of all states seeing pump prices drop two-cents on the week. This caused the national average to push cheaper by a penny down to $2.56. Today’s average is 11-cents less than a month ago and 28-cents cheaper than a year ago.

In its latest weekly report, the Energy Information Administration (EIA) notes that U.S. gasoline demand saw a steady decline from 9.9 million b/d to 9.4 million b/d, a reading typical for the start of fall.

Gas prices to get cheaper this Autumn. (AAA)

Gas prices to get cheaper this Autumn. (AAA)

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AAA says Most Consumers Continue to See Decreases at Gas Pump

 

AAATampa, FL – On the week, AAA says gas prices are as much as nine cents cheaper in every state except California, (+5 cents), Florida (+4 cents), Ohio (+2 cents) and South Carolina (+1 cent).

Hurricane Dorian has been the driver for the increases in Florida and, most likely, South Carolina.

Hurricane Dorian Puts Pressure on Florida Gas Prices. (AAA)

Hurricane Dorian Puts Pressure on Florida Gas Prices. (AAA)

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AAA reports Gas Prices slide lower for a Another Week

 

AAATampa, FL – Today’s national average is $2.73. While this is two cents more expensive than on the same day last month, it is three cents cheaper than last week and 12-cents less expensive than a year ago.

“Gas prices this month are on average a dime less expensive than in July 2018. These less expensive gas prices have encouraged summer road trips as evidenced by robust demand numbers since May,” said Jeanette Casselano, AAA spokesperson.

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

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

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