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Topic: EIA

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 reports Tennessee Gas Prices fall One Cent on Average

 

AAANashville, TN – For the second time this year, the Tennessee Gas Price average saw a week over week decrease – down a penny compared to last week. 

The Tennessee Gas Price average is now $2.68 which is 4 cents more than one month ago and $1.05 more than one year ago. 

Cheaper crude oil prices likely to help keep price fluctuation low this week. (AAA)

Cheaper crude oil prices likely to help keep price fluctuation low this week. (AAA)

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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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AAA reports Tennessee Gas Prices Drop

 

Clarksville-Montgomery County has the Third Cheapest Gas Prices in Tennessee

AAANashville, TN – For the first time this year, the Tennessee Gas Price Average decreased week over week – falling 2 cents over the last week according to AAA. 

The Tennessee Gas Price average is now $2.67 which is nearly 17 cents more than one month ago and 89 cents more than one year ago. 

Tennessee gas prices, on average, are two cents less than a week ago. (AAA)

Tennessee gas prices, on average, are two cents less than a week ago. (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 Tennessee Gas Prices go up One Cent

 

Clarksville-Montgomery County has the Second Least Expensive Gas Prices in Tennessee

AAANashville, TN – After multiple weeks of significant increases at the pump, Tennessee gas prices, on average, only increased about a penny over last week. 

The Tennessee Gas Price average is now $2.69 which is 28 cents more than one month ago and nearly 78 cents more than one year ago. 

Dramatic jumps at the pump not likely for coming week. (AAA)

Dramatic jumps at the pump not likely for coming week. (AAA)

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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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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 Tennessee Gas Prices soar almost Eight Cents

 

Clarksville-Montgomery County has the Third Most Expensive Gas Prices in Tennessee

AAANashville, TN – The Tennessee gas price average continues to climb, increasing another eight cents over last week. The Tennessee Gas Price average is now $2.58 which is nearly 35 cents more than one month ago and 41 cents more than one year ago. 

“With refinery utilization at a record low, gasoline supplies tightening, demand modestly increasing and crude prices on the rise, cheap prices are in the rearview mirror for the immediate future,” said Megan Cooper, spokesperson, AAA – The Auto Club Group.

Cheap pump prices are in the rearview mirror for the immediate future. (AAA)

Cheap pump prices are in the rearview mirror for the immediate future. (AAA)

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