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Topic: EIA
AAA reports National Gas Price Average holding Steady
August 4, 2020 | 
Tampa, FL – On the week, AAA says that the national gas price average held steady at $2.18 as the majority of state averages saw minimal impact at the pump.
With the exception of a few outliers – Florida (+10 cents), Utah (+10 cents) and Idaho (+5 cents) – state averages either decreased by four cents or less or increased by no more than two pennies.
Gas Price Increases Stalling Across the Country. (AAA)
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AAA reports National Average Decreases as Gas Demand Remains Low
Tampa, FL – As COVID-19 Coronavirus case numbers surpass 4 million, demand for gasoline is weakening across the country. The latest Energy Information Administration (EIA) demand reading measures at 8.5 million b/d, which is about 11% less than a year ago.
The lower demand contributed to a cheaper national average on the week – down one penny to $2.18. This is the first time since late April that the national average has declined.
Lower demand contributes to cheaper National Gas Price Average on the week. (AAA)
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AAA reports Tennessee Gas Price Average Drops almost Two Cents
Nashville, TN – The Tennessee gas price average dropped nearly two cents over last week. The Tennessee Gas Price average is now $1.92 which is nearly four cents less than one month ago and 56 cents less than one year ago.
“Pump prices are mostly pushing cheaper across the state as gasoline demand wanes over the past few weeks,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Gas prices are likely to fluctuate throughout the rest of the summer due to COVID-19 concerns, but healthy supply levels should help keep gas prices cheaper than last summer.”
Healthy supply levels should keep gas prices cheaper than last summer. (AAA)
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AAA reports National Gas Average Holds Steady on the Week
Tampa, FL – The national gas price average held steady on the week at $2.19 as 1/3 of states saw gas prices decrease and only 10 states saw gas prices increase by two to four cents.
State averages saw minimal fluctuation as demand roughly held steady over the last four weeks.
“During the last month, demand has averaged about 8.6 million b/d while, gasoline stocks have steadily declined,” said Jeanette Casselano, AAA spokesperson.
Gas Price Volatility is Low Across the Country. (AAA)
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AAA reports Tennessee Gas Price Average Drops by a Penny
Nashville, TN – The Tennessee gas price average has dropped a penny since last week. The Tennessee Gas Price average is now $1.93 which is nearly five cents more than one month ago and 60 cents less than one year ago.
“During the last month, demand has averaged about 8.6 million b/d while, gasoline stocks have steadily declined,” said Megan Cooper,spokesperson, AAA – The Auto Club Group. “Week by week, we are seeing mostly regional fluctuation at the pump based on gasoline supply and demand.”
Tennessee remains the 9th least expensive market in nation. (AAA)
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AAA reports Tennessee Gas Prices Remain Steady
Nashville, TN – According to AAA, the Tennessee gas price average holds steady for the second week at $1.94. The Tennessee Gas Price average is seven cents more than one month ago and 60 cents less than one year ago.
“The Energy Information Administration’s (EIA) data shows gasoline demand and supply continue on a roller coaster ride,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “As motorists react to unfolding COVID-19 information, we are seeing driving behaviors related to filling-up ebb and flow.”
Tennessee is the 9th least expensive gas market in the United States. (AAA)
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National Gas Price Average increases by One Penny
Tampa, FL – The national gas price average increased just one cent to $2.18 on the week despite a dip in United States demand for gasoline and gasoline stocks increasing by 1 million bbl.
The slight drop in demand – 47,000 b/d – amid the increase in stocks comes as many states report increases in COVID-19 Coronavirus cases, potentially causing Americans to reconsider outings.
Gas prices at the pump continue downward trend. (AAA)
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AAA says Tennessee Gas Price Average has Jumped Six Cents
Nashville, TN – AAA reports that the Tennessee gas price average jumped 6 cents this week following a steady week of slow increases.
The Tennessee Gas Price average is now $1.95 which is 24 cents more than one month ago and nearly 47 cents less than one year ago.
“The increase in gasoline demand contributed towards the state average’s six cent jump to $1.95,” said Megan Cooper, spokesperson, AAA – The Auto Club Group.
90% of Tennessee gas stations still have prices below $2.00. (AAA)
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AAA says Tennessee Gas Prices Continue to Rise
Nashville, TN – The Tennessee gas price average continues to increase and has risen nearly 8 cents since this time last week. The Tennessee Gas Price average is now $1.87 which is a quarter higher than one month ago and 50 cents less than one year ago.
“As Americans drive more, they are re-fueling gasoline demand levels, which is helping to lift pump prices, said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Higher demand will contribute to increasing gas prices in the coming weeks, but they aren’t going to spike to typical summer prices. That’s because demand won’t be sufficient enough to drive down stocks levels. Gasoline stocks sit at a significant surplus of nearly 24 million bbl year-over-year.”
95% of Tennessee gas stations still have prices below $2.00. (AAA)
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AAA reports Gas Demand Rises, Prices at Pump Climb
Tampa, FL – Americans are filling up at the pump more and more. Since mid-May, gasoline demand has increased 18% to 7.9 million b/d, according to the latest Energy Information Administration (EIA) report.
The slow, but steady rise in demand has pushed the national pump price more expensive by 13% in the same time frame. Today’s national average is $2.10. That is seven cents more on the week, 24 cents more on the month, but 59 cents cheaper on the year.
Prices at the Gas Pump continue to climb with increased demand. (AAA)
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