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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
© 2006-2020 Clarksville, TN Online is owned and operated by residents of Clarksville Tennessee.