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Topic: Energy Information Administration

AAA says as Temperatures Drop across the Country, so has Gas Prices

 

AAATampa, FL – The national gas price average is $2.54, which is three cents cheaper than last week, a penny less than last month, yet 30-cents more than a year ago.

Gas prices edged cheaper in the last week as gasoline stocks grew, measuring at 258 million bbl – a stock level not recorded by the Energy Information Administration (EIA) in nearly a year.

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

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

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AAA reports Growing Stocks, Low Demand Help National Average Decline

 

AAATampa, FL – AAA says last week, gas demand hit 8.56 million b/d, according to new data from the Energy Information Administration (EIA).

The current rate is in line with last year’s rate seen in mid-January, a time that typically brings lower demand due to winter weather. EIA’s data also revealed that total domestic stocks of gasoline grew by 6.7 million bbl last week, bringing the total to 258.3 million bbl.

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 National Gas Price Average remains unchanged in January

 

AAATampa, FL – AAA says that despite crude oil price fluctuation and growing geopolitical concerns with Iran in the last week, the national gas price average has held steady at $2.58 since the beginning of the year. Today’s national average is two cents more than last month and 34-cents more expensive than the beginning of 2019.

“A healthy and growing level of domestic gasoline stocks alongside decreasing demand are two factors helping to minimize gas price fluctuations,” said Jeanette Casselano, AAA spokesperson.

National Gas Price Average remains the same even with Crude Oil Price Fluctuations. (AAA)

National Gas Price Average remains the same even with Crude Oil Price Fluctuations. (AAA)

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AAA reports Tension Between the United States, Iran Leads Crude Prices to Temporary Spike in Oil Prices

 

AAATampa, FL – AAA says crude oil prices have spiked and dropped twice in the past six days. The first spike occurred last Friday following a U.S. drone strike in Baghdad, which killed Iran’s Major General Qassem Soleimani.

Prices spiked again on Tuesday when over a dozen missiles were launched by Iran at military bases in Iraq that house American soldiers in retaliation for the drone strike.

Crude oil prices experence reactive spikes after Iran's General Qassem Soleimani was killed by a United States Drone strike. (AAA)

Crude oil prices experience reactive spikes after Iran’s General Qassem Soleimani was killed by a United States Drone strike. (AAA)

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AAA reports National Gas Price Average stays Steady despite Tensions with Iran

 

AAATampa, FL – AAA says the national gas price average held steady on the week at $2.58, but that could change depending on the movement of crude oil prices due to geopolitical concerns.

Following airstrikes in Baghdad last Friday, which killed Iran’s Major General Qassem Soleimani, crude oil prices increased, causing market speculation about what could happen to gas prices in the near-term.

Gas Prices in Tennessee have risen 7 cents. (AAA)

Gas Prices in Tennessee have risen 7 cents. (AAA)

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AAA reports Year-End Gas Prices Edge Higher

 

AAATampa, FL – A year-end spike in road trip travel due to the holidays helped to push the national average more expensive on the week – up four cents to $2.58. Compared to last month, the national average is the same price, but 31 cents more expensive than the end of 2018.

“The majority of states saw gas prices increase in the last week – some by as much as a nickel to a dime, but any spikes in gas prices that motorists are seeing will be short-lived,” said Jeanette Casselano, AAA spokesperson.

Gas Prices spiked during the holidays. (AAA)

Gas Prices spiked during the holidays. (AAA)

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AAA says Record Number of Holiday Motorists Expected Across the Country this Week

 

Tennessee sees 2 cent increase in Gas Prices

AAATampa, FL – More than 100 million Americans are taking to the roadways to travel for the holidays, but that hasn’t had a large impact on gas prices. At the start of the work week, only about a dozen states are seeing more expensive gas prices with increases of less than a dime.

“AAA forecasts that 104 million Americans will travel by car – the most on record – for a year-end holiday,” said Jeanette Casselano, AAA spokesperson.

Gas prices at the pump fall slightly heading into Christmas Holiday. (AAA)

Gas prices at the pump fall slightly heading into Christmas Holiday. (AAA)

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AAA says Gas Demand Drop gives Motorists Savings at the Pump

 

AAATampa, FL – December is finally bringing cheaper gas prices to pumps across the country. Today’s average is $2.55, which is nearly a nickel cheaper than the beginning of the month.

Decreasing gasoline demand and increasing stocks are driving the change in pump prices. The latest Energy Information Administration (EIA) reports show gasoline demand at its lowest rate since mid-February and the highest stock levels since this summer.

Large Build in Gas Stocks and Low Demand leads to drop in Prices at the Pump. (AAA)

Large Build in Gas Stocks and Low Demand leads to drop in Prices at the Pump. (AAA)

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AAA reports Gas Stocks Grow for Fifth Consecutive Week

 

AAATampa, FL – AAA says total domestic gasoline stocks continue to increase, according to new data from the Energy Information Administration (EIA). Stocks increased by 5.4 million bbl last week, bringing the total to 234.8 million bbl.

Additionally, gas demand decreased from 9.03 million b/d to 8.88 million b/d.

Gas Prices at the Pump will likely continue to fall. (AAA)

Gas Prices at the Pump will likely continue to fall. (AAA)

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AAA reports Gas Prices Fluctuate Minimally after Holiday Weekend

 

AAANashville, TN – AAA says Tennessee Gas Prices  are holding steady compared to a week ago. The average price for gasoline is the same as last week and last month, but is six cents more than one year ago. 

The national gas price average is one penny cheaper than last Monday at $2.58. Today’s average is three cents cheaper than last month, but 12 cents more expensive than last year at this time.

Gas prices holding steady according to AAA. (AAA)

Gas prices holding steady according to AAA. (AAA)

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