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Topic: U.S. Oil Production

AAA reports Tennessee Gas Prices Drop

 

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

AAANashville, TN – For the first time this year, the Tennessee Gas Price Average decreased week over week – falling 2 cents over the last week according to AAA. 

The Tennessee Gas Price average is now $2.67 which is nearly 17 cents more than one month ago and 89 cents more than one year ago. 

Tennessee gas prices, on average, are two cents less than a week ago. (AAA)

Tennessee gas prices, on average, are two cents less than a week ago. (AAA)

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AAA reports Crude Inventories Retreating after Recent Growth

 

AAATampa, FL – AAA says this week’s petroleum status report from the Energy Information Administration revealed that crude stocks fell by 4 million bbl to 466.6 million bbl last week.

While the new level is 32.8 million bbl lower than the level at this time in spring 2018, the step back is a reversal from the previous week that saw crude inventories climb by 10 million bbl.

U.S. Crude Oil Inventories begin to slide. (AAA)

U.S. Crude Oil Inventories begin to slide. (AAA)

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AAA reports Tennessee Gas Prices drop to 2-Year Holiday Lows

 

AAA

AAANashville, TNTennessee Gas Prices dropped another 5 cents last week, and could move even lower this week, because of additional declines in the price of oil. 

Sunday’s state average price of $2.12 per gallon is nearly 30 cents less than a month ago, and about 10 cents less than this time last year. It’s possible, the state average could reach $2.00 per gallon before the end of the year, unless oil prices rise. 

Oil Prices Decline

Oil Prices Decline

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AAA reports Tennessee Gas Prices fall 2 cents

 

AAA

AAATampa, FL Gas prices declined for the tenth consecutive day on Sunday. Gas prices in Tennessee declined 2 cents during the past week. The average price for gasoline in Tennessee is averaging $2.61 per gallon. Sunday’s state average a half cent less than a month ago, yet 56 cents more than this time last year. 

Click here to view AAA’s state and metro gas price averages

AAA says oil prices have averaged $3.00-$5.00 less than the previous three weeks.

AAA says oil prices have averaged $3.00-$5.00 less than the previous three weeks.

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AAA says Gas Prices Trend Cheaper, but Increases are Likely Looming

 

AAA

AAATampa, FL – On the week, the national gas price average is two cents cheaper at $2.90. Today’s national average is only one cent more expensive than a month ago, but 60 cents more expensive than a year ago.

Nationwide, 44 states have less expensive or steady gas price averages compared to last Monday.

However, the cheaper trend may be reversing. Gasoline demand spiked in the latest Energy Information Administration’s (EIA) report, in fact setting a new all-time record at 9.88 million b/d for the week ending June 8th.

2018 National Gas Price Comparison - June 18th «Read the rest of this article»

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AAA says Drivers should expect to pay more at the Gas Pump this Spring

 

AAANashville, TN The national average price for regular unleaded gasoline hit their highest price point of 2018 on Saturday at $2.663 per gallon. Today’s average is a half cent more than last week, 13 cents more than a month ago, and 28 cents more than last year.

Gas prices have edged higher this week following the Energy Information Administration’s (EIA) latest weekly report that showed gasoline stocks dropped by 1.1 million barrels last week.

Nationally gas prices are the highest of the year.

Nationally gas prices are the highest of the year.

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AAA reports Gasoline Demand Sets New Record for March as Motorists Pay 25-cents more at Pump compared to last March

 

AAATampa, FL – Consumer gasoline demand is at the highest level on record for March. According to the Energy Information Administration’s (EIA) latest report, demand measured at 9.6 million b/d – levels typical of summer months, not the first quarter of a year.

U.S. exports continue to trend high, accounting for a large chunk of this week’s demand data.

National Gas Price Comparison 2015-2018 «Read the rest of this article»

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AAA reports Tennessee Gas Prices Decline 1.5 Cents

 

AAANashville, TN Motorists visiting the gas pump today will find prices that are cheaper than a week ago. Tennessee gas prices declined 1.5 cents last week. The state average of $2.31 is 8 cents less than a month ago, but 26 cents more than this time last year.

“Gasoline should slide a few cents more this week, based on last week’s decline in wholesale prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.  “Pump prices are sliding right now because crude and gasoline output have remained strong. However, gas prices are still forecast to rise 20 cents in the coming months, as demand climbs and refineries switch to summer blend gasoline.”

Gas Prices Are Lower Than A Week Ago. (AAA)

Gas Prices Are Lower Than A Week Ago. (AAA)

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AAA says Costly Spring Gas Price Spike Coming to a Pump Near You

 

AAAWashington, D.C. – For the first quarter of the year, gas prices have been expensive. On average, motorists are paying a quarter more than at the same time last year.

While pump prices have dipped in recent weeks, this is not a trend consumers should expect to linger. AAA forecasts the national gas price average will be as much as $2.70/gallon this spring – a costly pump price Americans have not paid since summer of 2015 when prices hit $2.81.

Gas prices expected to rise over the coming weeks. (AAA)

Gas prices expected to rise over the coming weeks. (AAA)

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AAA reports Gas Price Averages Trending Cheaper on the Week Nationwide

 

AAATampa, FL – The national gas price average has been steadily decreasing for nearly two weeks dropping from the year-to-date high of $2.61 (on February 5th) to today’s national average of $2.53.

Motorists in nearly every state are paying less on the week with Midwest and Southern states seeing the largest price drops at the pump. Hawaii (+2 cents) and Indiana (+1 cent) were the only states to see increases.

National Gas Price Comparison 2015-2018 «Read the rest of this article»

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