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Topic: Idaho

AAA says Gasoline Demand Continues to Grow as Pump Prices Fluctuate

 

AAAWashington, D.C. – AAA reports Gasoline demand measured 8.9 million b/d in the Energy Information Administration’s (EIA) latest weekly report, up nearly 4% from the week prior.

Because of the jump in demand, gasoline supplies tightened to 230.5 million bbl, the lowest level this year, and state gas prices averages saw major fluctuations. On the week, states saw pump price changes ranging from an increase of 15 cents to a decrease of 3 cents.

Gas Prices at the Pump bounce around as demand grows. (AAA)

Gas Prices at the Pump bounce around as demand grows. (AAA)

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AAA reports National Gas Price Average falls on the Week for First Time in Months

 

AAAWashington, D.C. – At $2.86, the national average has decreased week-over-week for the first time since November of last year. Today’s average is two cents cheaper on the week. Since last Monday, 45 states also saw their averages decrease or no change at the pump.

“Growing stock levels and cheaper crude oil prices are putting downward pressure on pump prices for the majority of motorists,” said Jeanette McGee, AAA spokesperson.

Gas prices at the pump start to decline. (AAA)

Gas prices at the pump start to decline. (AAA)

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AAA reports National Gas Price Average remains Steady for Five Days

 

AAAWashington, D.C. – After weeks of seeing almost daily increases, the national gas price average is showing signs of stability, holding steady at $2.88 for the last 5 days.

Still, today’s average is the highest price since May 2019 and is more expensive on the week (+2 cents), month (+25 cents), and year (+74 cents).

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 says Americans Paying 14% More at the Pump Compared to February

 

AAAWashington, D.C. – Following last month’s winter storm in Texas, the national gas price average has jumped nearly 40 cents to $2.86.

Prices will continue to increase this week, especially following the Energy Information Administration’s (EIA) latest weekly reports showing the second week of a major decline in gasoline stocks and a substantial increase in U.S. demand.

Gas prices at the pump will continue to rise this week. (AAA)

Gas prices at the pump will continue to rise this week. (AAA)

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AAA reports Crude, Gas Prices Continue to Climb Higher as Stocks Tighten

 

AAAWashington, D.C. – With a nickel increase on the week, the national gas price average has reached $2.77, which is a 31-cent jump in the last month. Every state average has climbed by double-digits since February resulting in 1 in 10 gas stations with pump prices that are $3.00/gallon or more.

Pump prices are increasing as refinery utilization is at an all-time low and crude oil prices (WTI) surged by more than $2.00/bbl to $66.00/bbl on Friday, the highest price in nearly two years.

Refinery Utilization Plummets to Lowest Level Recorded. (AAA)

Refinery Utilization Plummets to Lowest Level Recorded. (AAA)

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General Motors recalls nearly 700,000 vehicles because Passenger Frontal Air Bag Inflator May Explode

 

National Highway Traffic Safety Administration - NHTSAWashington, D.C. – The National Highway Traffic Safety Administration (NHTSA) reports General Motors, LLC is recalling certain 2013 Cadillac Escalade, Escalade ESV, and Escalade EXT, Chevrolet Avalanche, Silverado 1500, Silverado 2500/3500, Suburban, Tahoe, GMC Sierra 1500, Sierra 2500/3500, Yukon, and Yukon XL vehicles.

An inflator explosion may result in sharp metal fragments striking the driver or other occupants, resulting in serious injury or death.

2013 Cadillac Escalade is one of the vehicles being recalled.

2013 Cadillac Escalade is one of the vehicles being recalled.

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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 National Gas Price Average has held steady for 12 Days

 

AAAWashington, D.C. – The new year has started, but the national gas price average remains unchanged, holding steady at $2.25 for the last 12 days.

Pump price stability at the start of the year is credited to consistent crude oil prices in late December, about $47.00-48.00/bbl, combined with low demand. U.S. gasoline demand, as recorded by the Energy Information Administration (EIA), was at the lowest level for the last week of December in 23 years (since 1998) – at 8.1 million b/d.

National Gas Price Average is holding steady. (AAA)

National Gas Price Average is holding steady. (AAA)

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AAA says Crude Oil Prices Hit Highest Price Point in Nine Months

 

AAAWashington, D.C. –  AAA reports that pump prices increased on the week despite U.S. gasoline demand falling below 8 million b/d, the lowest weekly reading since June and the softest demand reading for the week of Thanksgiving since 1997.

At $2.16, the national gas price average is more expensive on the week (+4 cents) and the month (+5 cents), but cheaper (-42 cents) compared to last year at this time.

Crude oil prices hit nine month high. (AAA)

Crude oil prices hit nine month high. (AAA)

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AAA reports Gas Prices fall heading into Thanksgiving Holiday

 

AAAWashington, D.C. – At $2.10, this Thanksgiving’s national gas price average is shaping up to be the lowest since 2015. The holiday weekend average that year was a nickel cheaper at $2.05.

“Typically, cheaper gas prices are an incentive for people to travel during a holiday weekend, but that is just not the case this year,” said Jeanette Casselano, AAA spokesperson.

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

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

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