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Topic: Energy Information Administration

AAA reports Growing Gas Stocks Help to Push National Average Lower

 

AAATampa, FL – AAA says that according to newly released data from the Energy Information Administration, total domestic stocks of gasoline grew by 1.9 million bbl last week, bringing the current stock level to 219.1 million bbl.

This is 7.5 million bbl lower than last year at this time.

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

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

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AAA says Gasoline Demand Looking More Seasonal

 

AAANashville, TN – AAA reports Tennessee Gas Prices are up five cents compared to last week. Today’s state average is $2.35 which is the same as a month ago, but 14 cents less than last year. 

Likewise, the national average is $2.61, which is one cent more than last week, three cents more than one month ago, but eight cents less than this time last year.

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 reports Growing Gas Demand Lifts National Average

 

AAATampa, FL – AA says in its latest weekly report, the Energy Information Administration data shows that demand for gasoline grew from 9.59 million b/d to 9.78 million b/d last week.

This latest rate is approximately 520,000 b/d higher than last year’s rate at this time. Growing demand, amid tight gasoline supplies, has contributed to a nominal increase in the national average – one cent since Monday.

Gas Prices rise Nationally. (AAA)

Gas Prices rise Nationally. (AAA)

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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.

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

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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 Demand Rebounds and National Average Sees Slight Increase

 

AAATampa, FL – AAA says in its latest petroleum status report, the Energy Information Administration (EIA) revealed that gas demand increased by 336,000 b/d to 9.8 million b/d.

This latest rate is 158,000 b/d higher than the first week of September 2018, which is surprising as demand generally slows post-Labor Day.

Domestic Gasoline Stocks fell this past week. (AAA)

Domestic Gasoline Stocks fell this past week. (AAA)

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