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Topic: OPEC

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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AAA reports Tennessee Gas Prices hold Steady

 

Clarksville-Montgomery County has the Third Cheapest Gas Prices in Tennessee

AAANashville, TN – For the first time in four weeks, gas prices across the state held steady instead of increasing. Gas prices in Tennessee, on average, are the same as last week.

The Tennessee Gas Price average is now $2.23 which is nearly 12 cents more than one month ago and nearly four cents more than one year ago. 

Tennessee remains the 10th least expensive market in the nation. (APSU)

Tennessee remains the 10th least expensive market in the nation. (APSU)

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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 Tennessee Gas Prices Remain Steady

 

AAANashville, TN – The Tennessee gas price average remains steady, increasing only a penny over last week. The Tennessee Gas Price average is now $1.90 which is four cents more than one month ago and 43 cents less than one year ago. 

“Gas prices were predicted to decrease following the holiday, but robust gains in crude oil prices and the OPEC decision to increase production next year led to a number of states seeing pump price jumps of 3 to 12 cents,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “In Tennessee, the change in pump prices was minimal at only a penny increase and prices remain relatively cheap at 43 cents lower than this time last year.”

Tennessee moves to 8th least expensive market in nation. (AAA)

Tennessee moves to 8th least expensive market in nation. (AAA)

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AAA reports Tennessee Gas Price Average rises Two Cents

 

AAANashville, TN – Tennessee gas prices, on average, are up two cents this week – breaking a four week streak of declines. The Tennessee Gas Price average is now $1.87 which is seven cents less than one month ago and 46 cents less than one year ago. 

“Following a jump in demand, Tennessee broke its 29-day streak of declines and the state gas price average rose two cents,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “However, with many states seeing rising COVID-19 case numbers and a number of officials warning against holiday travel, demand is likely to see a dip in coming weeks.”

Tennessee moves to 8th least expensive market in the nation. (AAA)

Tennessee moves to 8th least expensive market in the nation. (AAA)

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AAA reports Tennessee Gas Prices Hold Steady

 

AAANashville, TN – Tennessee gas prices, on average, increased slightly over last week – only rising nearly two cents. The Tennessee Gas Price average  is now $1.89 which is 20 cents more than one month ago and nearly 46 cents less than one year ago. 

“Demand levels are likely to ebb and flow in the coming weeks as people continue to be cautious about travel,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. As a result, pump prices will likely continue to increase, but at a slower rate through the end of the month.

Tennessee is the 9th least expensive Gas Market in the United States. (AAA)

Tennessee is the 9th least expensive Gas Market in the United States. (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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AAA reports Tennessee Gas Prices rise 8 Cents

 

Clarksville-Montgomery County has the Second Lowest Gas Prices in Tennessee

AAANashville, TN – The Tennessee gas price average jumped eight cents this week – the largest weekly increase the state has seen so far in 2020. 

The Tennessee Gas Price average  is now $1.79 which is nearly 23 cents more than one month ago and nearly 64 cents less than one year ago. 

Tennessee Gas prices continue to rise. (AAA)

Tennessee Gas prices continue to rise. (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 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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