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Topic: Gas Prices
AAA reports National Average Unchanged as Gas Stocks Grow, Demand Remains Low
January 25, 2020 | 
Tampa, FL – AAA says in its latest weekly report, the Energy Information Administration (EIA) revealed that total domestic stocks of gasoline continue to grow. According to EIA’s data, stocks grew by 1.7 million bbl last week, bringing the current total to 260 million bbl.
The current level is in line with the level seen in mid-January 2019.
Gas prices at the pump remain steady in January. (AAA)
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AAA says as Temperatures Drop across the Country, so has Gas Prices
Tampa, 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)
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AAA reports Growing Stocks, Low Demand Help National Average Decline
Tampa, 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)
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AAA reports National Gas Price Average remains unchanged in January
Tampa, 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)
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AAA says National Gas Price Average has no change since January 1st
Nashville, TN – The Tennessee Gas Price average is $2.36 which is three cents less than last week, but six cents higher than one month ago and 37 cents higher than one year ago.
Despite crude oil price fluctuation and growing geopolitical concerns with Iran in the last week, the National Gas Price Average average has held steady at $2.58 since the beginning of the year.
Tennessee gas price average falls three cents in one week. (AAA)
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AAA reports Tension Between the United States, Iran Leads Crude Prices to Temporary Spike in Oil Prices
Tampa, 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 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
Tampa, 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)
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AAA reports Year-End Gas Prices Edge Higher
Tampa, 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)
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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
Tampa, 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)
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AAA reports Cheaper Gas Prices Expected for Winter
Tampa, FL – AAA says the end of the year historically ushers in some of the cheapest gas prices of the year. This was true in 2018 when the national gas price average was recorded at $2.26 on December 31st.
However, the national gas price average won’t go that low this month. AAA forecasts that gas prices will edge lower than they are today with the national average falling between $2.40-$2.45, which will be 15-20 cents more than last December.
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