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National Gas Price Average rises Two Cents

 

Tennessee has some of the Cheapest Gas Prices in the Country

AAAWashington, D.C. – At 9.1 million b/d, United States gasoline demand recorded its second-highest measurement since mid-March 2020, indicating that motorists are filling up more often.

This latest demand reading is the highest spring number released by the Energy Information Administration (EIA) in two years. In fact, it is only about 3% below the same week in 2019.

U.S. Demand Readings Looking More Like Spring. (AAA)

U.S. Demand Readings Looking More Like Spring. (AAA)

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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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Tennessee Vols Basketball plays Oregon State in first round of NCAA Tournament

 

#5 Tennessee (18-8 | 10-7 SEC) vs. #12 Oregon State (17-12 | 10-10)

NCAA Tournament First Round
Friday, March 19th, 2021 | 3:30pm CT
Indianapolis, IN | Bankers Life Fieldhouse | TV: TNT

Tennessee Volunteers - UT VolsIndianapolis, IN – The Tennessee basketball opens its account at the 2021 NCAA Tournament, with a first-round matchup in the Midwest Region with 12th-seeded Oregon State. Friday afternoons tipoff from Bankers Life Fieldhouse is scheduled for 3:30pm CT on TNT.

Fans can catch Friday’s game on TNT and online or on any mobile device through March Madness Live and on the March Madness Live App. Spero Dedes, Brendan Haywood, and Lauren Shehadi will have the call.

Tennessee Men's Basketball will take on Oregon State in first round action of the NCAA Tournament, Friday. (UT Athletics)

Tennessee Men’s Basketball will take on Oregon State in first round action of the NCAA Tournament, Friday. (UT Athletics)

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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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Marsha Blackburn, Steve Daines push back on Job-KIlling Paris Climate Agreement

 

U.S. SenateWashington, D.C. – U.S. Senators Marsha Blackburn (R—Tenn.) and Steve Daines (R— Mont.) introduced legislation to prohibit U.S. taxpayer dollars from being used to rejoin the job-killing Paris Climate Agreement. They also introduced a Senate resolution calling on President Biden to submit the Paris Agreement to the Senate for review as required under the Constitution.

“By rejoining the Paris Climate Accords, the Biden administration prioritized leftist goals of foreign countries above the needs of the American people,” said Senator Blackburn.

Senator Marsha Blackburn.

Senator Marsha Blackburn.

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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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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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General Motors recalls over 500,000 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 2009 Cadillac Escalade, Escalade ESV, Escalade EXT, Chevrolet Avalanche, Silverado 1500, Silverado 2500, Silverado 3500, Suburban, Tahoe, GMC Sierra 1500, Sierra 2500, Sierra 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.

Certain 2009 Chevrolet Silverado 1500 and GMC Sierra 1500 trucks are being recalled because the passenger frontal air bag inflator may explode.

Certain 2009 Chevrolet Silverado 1500 and GMC Sierra 1500 trucks are being recalled because the passenger frontal air bag inflator may explode.

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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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