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Topic: OPEC

AAA says Motorists to see Cheapest Memorial Day Pump Prices in Nearly Two Decades

 

AAANashville, TN – After breaking a ten week decline last week, Tennessee gas prices continue to inch higher. The Tennessee Gas Price average is now $1.63 which is only a two cent increase over last week and three cents higher than one month ago.

To keep things in perspective, Tennesseans are still experiencing gas prices that are 92 cents cheaper compared to this time last year.  

Tennessee currently the 10th least expensive market in the nation. (AAA)

Tennessee currently the 10th least expensive market in the nation. (AAA)

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AAA says Tennessee Gas Prices Likely to Level Out

 

AAANashville, TN – The Tennessee gas price average continues to decline and has dropped two cents since this time last week. The Tennessee Gas Price average  is now $1.54 which is nearly 17 cents less than one month ago and nearly $1.07 less than one year ago. 

“As parts of the state move towards a phased reopening, we expect to see more drivers on Tennessee roadways,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “This will likely cause pump prices to fluctuate and level out over the next week.”

53% of Tennessee filling stations have prices below $1.50. (AAA)

53% of Tennessee filling stations have prices below $1.50. (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 Tennessee Gas Prices Down Nearly Four Cents

 

AAANashville, TN – AAA reports that the Tennessee gas price average continues to decline and has dropped nearly 4 cents since this time last week. The Tennessee Gas Price average  is now $1.56 which is 25 cents less than one month ago and nearly $1.07 less than one year ago. 

“Tennessee motorists continue to see steady declines at the pump,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “If the state average drops below $1.50 motorists will be seeing the cheapest prices in twelve years.”

46% of Tennessee Gas Stations have prices less than $1.50. (AAA)

46% of Tennessee Gas Stations have prices less than $1.50. (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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President Donald Trump, Members of the Coronavirus Task Force statements at Press Briefing

 

The White HouseWashington, D.C. – President Donald Trump: Thank you very much. Good afternoon. We continue to see a number of positive signs that the virus has passed its peak. It’s been very devastating all over the world. A hundred and eighty-four countries. Probably more. That number was as of a week ago.

Dr. Birx will walk through some of these trends in a few moments, but they’re very positive trends for winning. Going to win. We’re going to close it out.

U.S. President Donald J. Trump

U.S. President Donald J. Trump

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President Donald Trump Pulls WHO Funding, Says Organization ‘Must Be Held Accountable’

 

The White HouseWashington, D.C. – “President Donald Trump made it official [yesterday] that the administration was halting money to the World Health Organization, the international body that said in January that COVID-19 Coronavirus could not be spread by human-to-human contact, and praised China’s response to the virus,” Fred Lucas reports in The Daily Signal.
 
“Our countries are now experiencing—look all over the world—tremendous death and economic devastation because those tasked with protecting us by being truthful and transparent failed to do so,” the President said.

U.S. President Donald J. Trump

U.S. President Donald J. Trump

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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.

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AAA says Tennessee Gas Prices Drop 8 Cents

 

AAANashville, TN – The Tennessee gas price average continues to decline and has dropped nearly 8 cents since this time last week. The Tennessee Gas Price average  is now $1.69 which is 49 cents less than one month ago and nearly 83 cents less than one year ago. 

“This week, market analysts are watching crude oil prices, which started to increase at the end of last week,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “However, given the low demand readings, increases in crude aren’t likely to have an impact on gas prices in the near-term.”

63% of Tennessee filling stations have prices below $1.75. (AAA)

63% of Tennessee filling stations have prices below $1.75. (AAA)

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President Donald Trump, Vice President Mike Pence, Members of the Coronavirus Task Force Press Briefing Remarks

 

The White HouseWashington, D.C. – THE PRESIDENT DONALD TRUMP: Thank you very much. I think this is going to be a very important conference and I’ll get to that toward the middle, but I have a few things to report. And I want to thank you all for being here.

And I have to say, I think with social distancing that the media has been much nicer. I don’t know what it is — all these empty — these in-between chairs. We probably shouldn’t have anybody sitting behind you either. You know, you should probably go back. But I love it. It’s so much nicer. But I shouldn’t say that because you’ll get me now.

U.S. President Donald J. Trump

U.S. President Donald J. Trump

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