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Topic: Organization of the Petroleum Exporting Countries
AAA Forecasts Gas Prices to Continue Rising
February 13, 2021 | 
Washington, 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)
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AAA reports Tennessee Gas Prices hold Steady
Clarksville-Montgomery County has the Third Cheapest Gas Prices in Tennessee
Nashville, 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)
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AAA reports Tennessee Gas Price Average rises Two Cents
Nashville, 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)
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AAA reports Tennessee Gas Prices Hold Steady
Nashville, 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)
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National Gas Price Average rises close to $2.00 a Gallon
Tampa, 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)
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AAA says Tennessee Gas Prices climb Seven Cents
Clarksville has the Third Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee motorists paid an average of $1.69 this Memorial Day – a nearly 82 cent discount over last year’s holiday.
Today’s Tennessee Gas Price average is now $1.70 which is 14 cents more than one month ago and nearly 83 cents less than one year ago.
79% of Tennessee gas stations have prices below $1.75. (AAA)
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AAA says Motorists to see Cheapest Memorial Day Pump Prices in Nearly Two Decades
Nashville, 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)
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AAA says Tennessee Gas Prices Likely to Level Out
Nashville, 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)
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AAA reports only 12 States have Gas Price Average of $2.00/Gallon or More
Tampa, 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)
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AAA says Gas Demand Plummets pushing Pump Prices Lower
Tampa, 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)
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