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Topic: Energy Information Administration

AAA reports National Gas Price Average increases another nine cents

 

AAAWashington, D.C. – AAA says Gas prices continue to increase, with the national average up nine cents on the week to $2.72. That is a 30 cent increase from the beginning of February, 28 cents more than a year ago, and the most expensive daily national average since August 2019.

The latest price jumps are a direct result of February’s winter storm that took 26 U.S. refineries offline and pushed refinery utilization from an average of about 83% down to an atypical low of 68%, according to the Energy Information Administration (EIA).

March Gas Prices: In Like a Lion, but Out Like a Lamb? (AAA)

March Gas Prices: In Like a Lion, but Out Like a Lamb? (AAA)

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AAA reports Tennessee Gas Prices jump up another 10 Cents

 

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

AAANashville, TN – The Tennessee gas price average continues to climb, jumping nearly 10 cents since last week. The Tennessee Gas Price average is now $2.50 which is 27 cents more than one month ago and nearly 29 cents more than one year ago. 

“Last month’s pump price surge was primarily due to the winter storm that hit the gulf coast region,” said Megan Cooper, spokesperson, AAA – The Auto Club Group.

Tennessee remains the 9th least expensive market in the nation. (AAA)

Tennessee remains the 9th least expensive market in the nation. (AAA)

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AAA reports Icy Winter Temperatures causes Gas Price rise at the Pump

 

AAAWashington, D.C. – AAA says motorists are filling-up to some of the most expensive gas prices seen in over a year.

With the forced shutdown of Gulf Coast and some Mid-West refineries due to last week’s winter weather, gasoline stocks have tightened and gas prices have skyrocketed.

On the week, 66% of state averages spiked by double digits (10–22 cents), driving the national average up by 13 cents to $2.63. That is the most expensive national average since October 2019.

Winter Storm shutsdown refineries causing gas prices to spike. (AAA)

Winter Storm shuts down refineries causing gas prices to spike. (AAA)

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AAA reports Tennessee Gas Prices go up 12 Cents

 

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

AAANashville, TN – Tennesseans are finding the most expensive prices at the pump this week since September 2019 – up 12 cents over last week. 

The Tennessee Gas Price average is now $2.41 which is 21 cents more than one month ago and nearly 18 cents more than one year ago. 

Tennessee Gas prices surge as winter weather wreaked havoc on Gulf Coast refinery region. (AAA)

Tennessee Gas prices surge as winter weather wreaked havoc on Gulf Coast refinery region. (AAA)

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AAA reports Price of Crude, National Gas Average soon to Top 2020’s Highest

 

AAAWashington, D.C. – AAA says that Crude oil and pump prices will soon be more expensive than the highest price of 2020 despite low demand. At the end of last week, crude was priced at $59.47/bbl.

That’s just under $4.00/bbl less than last year’s most expensive price of $63.27/bbl (seen on January 6th, 2020). Since the end of November, we’ve seen the price of crude increase as much as $5.00/bbl a week, meaning we could see 2021 crude oil prices top 2020 as early as this week.

How High Will Gas Prices Go This Year? (AAA)

How High Will Gas Prices Go This Year? (AAA)

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AAA reports Tennessee Gas Prices go up Five Cents

 

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

AAANashville, TN – The Tennessee gas price average continues to rise, increasing five cents over last week. The Tennessee Gas Price average is now $2.28 which is 10 cents more than one month ago and nearly eight cents more than one year ago. 

“Pump prices continue to be pushed higher due to a sustained increase in crude oil pricing,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Tennesseans will likely see more increases at the pump in the coming weeks as refineries prepare to switch to summer-blend gasoline, which typically costs more to produce.”

Tennessee moved to the 9th least expensive market in the nation. (AAA)

Tennessee moved to the 9th least expensive market in the nation. (AAA)

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AAA Forecasts Gas Prices to Continue Rising

 

AAAWashington, D.C. – AAA says that at $2.46, the national gas price average is more expensive on the week (+4 cents), the month (+16 cents), and the year (+2 cents). This past Saturday, February 6th, was the first time in 340 days the national average was more expensive than a year ago.

Today, nearly two-thirds of all state gas price averages are more expensive year-over-year. Pump prices continue to climb, in part due to expensive crude oil and the market’s growing optimism that demand will increase amid the vaccination roll-out.

National Gas Price Exceeds Year Ago Average for First Time in 340 Days. (AAA)

National Gas Price Exceeds Year Ago Average for First Time in 340 Days. (AAA)

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AAA reports Substantial Increase in Gasoline Demand Has Little Immediate Impact on Supply Levels or Pump Prices

 

AAAWashington, D.C. – According to the latest Energy Information Administration (EIA) measurement, gasoline demand jumped from 7.53 million b/d to 8.11 million b/d. Typically a significant increase in demand results in a comparable decrease in supply, ultimately translating to more expensive pump prices.

Surprisingly, the recent large jump in demand had little impact on gasoline supply and minimal impact on pump prices.

Gas prices at the pump remain steady despite an increase in demand. (AAA)

Gas prices at the pump remain steady dispite increase in demand. (AAA)

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AAA reports Tennessee Gas Prices goes up one cent

 

Clarksville-Montgomery County has the 3rd Cheapest Gas Prices in Tennessee

AAANashville, TN – After two weeks of significant increases at the pump, gas prices increased again in Tennessee, however at a much slower rate, rising only a penny over last week. 

The Tennessee Gas Price average is now $2.19 which is nearly 17 cents more than one month ago and nearly 10 cents less than one year ago. 

Tennessee remains the 10th least expensive gas market in the nation. (AAA)

Tennessee remains the 10th least expensive gas market in the nation. (AAA)

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AAA reports Gas Prices in Tennessee go up Five Cents

 

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

AAANashville, TN – The Tennessee gas price average has increased for two consecutive weeks, up five cents over last week. The Tennessee Gas Price average is now $2.19 which is 22 cents more than one month ago and nearly 15 cents less than one year ago. 

“This week marks the second week of increases so far this year for Tennessee pump prices. Since January 1st, gas prices have increased a total of 15 cents,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Market optimism surrounding the coronavirus vaccine, tightening supply and increasing crude oil prices are all factors helping to push gas prices higher.”

Tennessee remains the 10th least expensive market in the nation. (AAA)

Tennessee remains the 10th least expensive market in the nation. (AAA)

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