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AAA reports National Gas Price Average holding Steady

 

AAATampa, FL – On the week, AAA says that the national gas price average held steady at $2.18 as the majority of state averages saw minimal impact at the pump.

With the exception of a few outliers – Florida (+10 cents), Utah (+10 cents) and Idaho (+5 cents) – state averages either decreased by four cents or less or increased by no more than two pennies.

Gas Price Increases Stalling Across the Country. (AAA)

Gas Price Increases Stalling Across the Country. (AAA)

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AAA reports National Average Decreases as Gas Demand Remains Low

 

AAATampa, FL – As COVID-19 Coronavirus case numbers surpass 4 million, demand for gasoline is weakening across the country. The latest Energy Information Administration (EIA) demand reading measures at 8.5 million b/d, which is about 11% less than a year ago.

The lower demand contributed to a cheaper national average on the week – down one penny to $2.18. This is the first time since late April that the national average has declined.

Lower demand contributes to cheaper National Gas Price Average on the week. (AAA)

Lower demand contributes to cheaper National Gas Price Average on the week. (AAA)

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AAA reports National Gas Average Holds Steady on the Week

 

AAATampa, FL – The national gas price average held steady on the week at $2.19 as 1/3 of states saw gas prices decrease and only 10 states saw gas prices increase by two to four cents.

State averages saw minimal fluctuation as demand roughly held steady over the last four weeks.

“During the last month, demand has averaged about 8.6 million b/d while, gasoline stocks have steadily declined,” said Jeanette Casselano, AAA spokesperson.

Gas Price Volatility is Low Across the Country. (AAA)

Gas Price Volatility is Low Across the Country. (AAA)

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National Gas Price Average increases by One Penny

 

AAATampa, FL – The national gas price average increased just one cent to $2.18 on the week despite a dip in United States demand for gasoline and gasoline stocks increasing by 1 million bbl.

The slight drop in demand – 47,000 b/d – amid the increase in stocks comes as many states report increases in COVID-19 Coronavirus cases, potentially causing Americans to reconsider outings.

Gas prices at the pump continue downward trend. (AAA)

Gas prices at the pump continue downward trend. (AAA)

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AAA reports Gas Demand Rises, Prices at Pump Climb

 

AAATampa, FL – Americans are filling up at the pump more and more. Since mid-May, gasoline demand has increased 18% to 7.9 million b/d, according to the latest Energy Information Administration (EIA) report.

The slow, but steady rise in demand has pushed the national pump price more expensive by 13% in the same time frame. Today’s national average is $2.10. That is seven cents more on the week, 24 cents more on the month, but 59 cents cheaper on the year.

Prices at the Gas Pump continue to climb with increased demand. (AAA)

Prices at the Gas Pump continue to climb with increased demand. (AAA)

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AAA reports National Average rises back to $2.00 Per Gallon

 

AAATampa, FL – For 66 days, the national gas price average held below the $2.00/gallon mark, pushing as cheap as $1.76. In the past week, the average has inched up to $2.03. Despite the consistent increases at the pump, prices are still significantly cheaper year-over-year.

In fact, during the first week of June the past five years, gas prices have typically averaged $2.81.

The National Gas Price average hit $2.03 this week. (AAA)

The National Gas Price average hit $2.03 this week. (AAA)

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National Gas Price Average rises close to $2.00 a Gallon

 

AAATampa, FL – The national gas price average is $1.97, just one penny more expensive than last week. Part of the incremental jump can be attributed to increases in gasoline demand, which saw a 7% week-over-week increase.

However, demand is still down nearly 25% compared to last year, according to the Energy Information Administration’s (EIA) latest reports.

National gas price average has increased to $1.97. (AAA)

National gas price average has increased to $1.97. (AAA)

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AAA reports only 12 States have Gas Price Average of $2.00/Gallon or More

 

AAATampa, FL – As gas prices continue to push cheaper across the country, only one dozen states carry an average of $2.00/gallon or more. The national average is $1.77, which is four cents less than last week, 28 cents cheaper than last month and $1.11 less than a year ago.

Crude oil prices were extremely volatile last week, pushing negative for the first time ever, but they did make significant gains to end the week in the positive.

Most states have Gas Price Average below $2.00/Gallon. (AAA)

Most states have Gas Price Average below $2.00/Gallon. (AAA)

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AAA says Gas Demand Plummets pushing Pump Prices Lower

 

AAATampa, FL – AAA says that the national gas price average has steadily declined for seven weeks, pushing the average cheaper by 61-cents to $1.86 today. During this time frame (since late February), United States demand for gasoline has decreased 44% to 5 million b/d as gasoline inventories build across the country.

“We are seeing fast and furious gasoline demand destruction. The latest data reveals demand levels not seen since spring of 1968,” said Jeanette Casselano, AAA spokesperson. “Every U.S. region is seeing builds in gasoline inventories and crude storage, which is just driving pump prices even cheaper.”

No Immediate Impact to Pump Prices Expected with OPEC+ Historic Global Reduction Announcement. (AAA)

No Immediate Impact to Pump Prices Expected with OPEC+ Historic Global Reduction Announcement. (AAA)

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National Gas Price Average drops as United States Gas demand Plummets

 

AAATampa, FL – Today’s national gas price average is $1.92. That is nine cents cheaper than last Monday, 48 cents less than a month ago and 81 cents less expensive than a year ago.

On the week, pump prices continued to push less expensive with gasoline demand registering at its lowest point since 1993.

National Gas Price Comparison -- 2017-2020 - 04-06 «Read the rest of this article»

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