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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 reports National Gas Price Averages at $2.86 since beginning of April

 

AAAWashington, D.C. – AAA says that despite gasoline demand mostly increasing this month, the national gas price average has seen little movement, fluctuating up or down by only a penny to $2.86 or $2.87.

In fact, 10 of the past 12 days saw a steady hold at $2.86 despite demand reaching its highest measurement—8.9 million b/d for the week ending April 9th—in more than a year.

National Gas Price Average has changed little since April. (AAA)

National Gas Price Average has changed little since April. (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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AAA reports National Gas Price Average increases another nine cents

 

AAAWashington, D.C. – AAA says Gas prices continue to increase, with the national average up nine cents on the week to $2.72. That is a 30 cent increase from the beginning of February, 28 cents more than a year ago, and the most expensive daily national average since August 2019.

The latest price jumps are a direct result of February’s winter storm that took 26 U.S. refineries offline and pushed refinery utilization from an average of about 83% down to an atypical low of 68%, according to the Energy Information Administration (EIA).

March Gas Prices: In Like a Lion, but Out Like a Lamb? (AAA)

March Gas Prices: In Like a Lion, but Out Like a Lamb? (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 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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