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AAA reports National Gas Price Average remains unchanged in January

 

AAATampa, FL – AAA says that despite crude oil price fluctuation and growing geopolitical concerns with Iran in the last week, the national gas price average has held steady at $2.58 since the beginning of the year. Today’s national average is two cents more than last month and 34-cents more expensive than the beginning of 2019.

“A healthy and growing level of domestic gasoline stocks alongside decreasing demand are two factors helping to minimize gas price fluctuations,” said Jeanette Casselano, AAA spokesperson.

National Gas Price Average remains the same even with Crude Oil Price Fluctuations. (AAA)

National Gas Price Average remains the same even with Crude Oil Price Fluctuations. (AAA)

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AAA reports Tension Between the United States, Iran Leads Crude Prices to Temporary Spike in Oil Prices

 

AAATampa, FL – AAA says crude oil prices have spiked and dropped twice in the past six days. The first spike occurred last Friday following a U.S. drone strike in Baghdad, which killed Iran’s Major General Qassem Soleimani.

Prices spiked again on Tuesday when over a dozen missiles were launched by Iran at military bases in Iraq that house American soldiers in retaliation for the drone strike.

Crude oil prices experence reactive spikes after Iran's General Qassem Soleimani was killed by a United States Drone strike. (AAA)

Crude oil prices experience reactive spikes after Iran’s General Qassem Soleimani was killed by a United States Drone strike. (AAA)

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AAA reports National Gas Price Average stays Steady despite Tensions with Iran

 

AAATampa, FL – AAA says the national gas price average held steady on the week at $2.58, but that could change depending on the movement of crude oil prices due to geopolitical concerns.

Following airstrikes in Baghdad last Friday, which killed Iran’s Major General Qassem Soleimani, crude oil prices increased, causing market speculation about what could happen to gas prices in the near-term.

Gas Prices in Tennessee have risen 7 cents. (AAA)

Gas Prices in Tennessee have risen 7 cents. (AAA)

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AAA reports Year-End Gas Prices Edge Higher

 

AAATampa, FL – A year-end spike in road trip travel due to the holidays helped to push the national average more expensive on the week – up four cents to $2.58. Compared to last month, the national average is the same price, but 31 cents more expensive than the end of 2018.

“The majority of states saw gas prices increase in the last week – some by as much as a nickel to a dime, but any spikes in gas prices that motorists are seeing will be short-lived,” said Jeanette Casselano, AAA spokesperson.

Gas Prices spiked during the holidays. (AAA)

Gas Prices spiked during the holidays. (AAA)

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AAA says Record Number of Holiday Motorists Expected Across the Country this Week

 

Tennessee sees 2 cent increase in Gas Prices

AAATampa, FL – More than 100 million Americans are taking to the roadways to travel for the holidays, but that hasn’t had a large impact on gas prices. At the start of the work week, only about a dozen states are seeing more expensive gas prices with increases of less than a dime.

“AAA forecasts that 104 million Americans will travel by car – the most on record – for a year-end holiday,” said Jeanette Casselano, AAA spokesperson.

Gas prices at the pump fall slightly heading into Christmas Holiday. (AAA)

Gas prices at the pump fall slightly heading into Christmas Holiday. (AAA)

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AAA reports Cheaper Gas Prices Expected for Winter

 

AAATampa, FL – AAA says the end of the year historically ushers in some of the cheapest gas prices of the year. This was true in 2018 when the national gas price average was recorded at $2.26 on December 31st.

However, the national gas price average won’t go that low this month. AAA forecasts that gas prices will edge lower than they are today with the national average falling between $2.40-$2.45, which will be 15-20 cents more than last December.

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AAA says Gas Demand Drop gives Motorists Savings at the Pump

 

AAATampa, FL – December is finally bringing cheaper gas prices to pumps across the country. Today’s average is $2.55, which is nearly a nickel cheaper than the beginning of the month.

Decreasing gasoline demand and increasing stocks are driving the change in pump prices. The latest Energy Information Administration (EIA) reports show gasoline demand at its lowest rate since mid-February and the highest stock levels since this summer.

Large Build in Gas Stocks and Low Demand leads to drop in Prices at the Pump. (AAA)

Large Build in Gas Stocks and Low Demand leads to drop in Prices at the Pump. (AAA)

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AAA Says 115.6 Million Travelers will Break National and State Holiday Records

 

AAANashville, TN – More Americans than ever on record – 115.6 million – will travel this holiday season, from Saturday, December 21st through Wednesday, January 1st. That is the most in nearly 20 years since AAA began tracking in 2000, and represents an increase of 3.9% over last year, or 4.3 million more people packing up their sleighs for a holiday getaway.

115.6 Million Travelers is an increase of 4.3 million Americans traveling this year. (AAA)

115.6 Million Travelers is an increase of 4.3 million Americans traveling this year. (AAA)

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AAA reports Gas Stocks Grow for Fifth Consecutive Week

 

AAATampa, FL – AAA says total domestic gasoline stocks continue to increase, according to new data from the Energy Information Administration (EIA). Stocks increased by 5.4 million bbl last week, bringing the total to 234.8 million bbl.

Additionally, gas demand decreased from 9.03 million b/d to 8.88 million b/d.

Gas Prices at the Pump will likely continue to fall. (AAA)

Gas Prices at the Pump will likely continue to fall. (AAA)

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AAA says Gas Prices continue to slowly fall

 

AAATampa, FL – At $2.57, AAA says the national gas price average is a penny cheaper on the week. The majority of states saw minimal movement at the pump in the last week, several saw decreases of up to four cents while fewer than a dozen states saw gas prices increase.

“Since the end of October, gasoline demand has mostly decreased as gasoline stocks have mostly increased, paving the way for cheaper gas prices,” said Jeanette Casselano, AAA spokesperson.

Gas prices look to continue their steady decrease. (AAA)

Gas prices look to continue their steady decrease. (AAA)

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