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Topic: U.S. Strategic Petroleum Reserve

AAA reports Crude Oil Prices Spike Following Attacks on Saudi Arabian Oil Facilities

 

AAATampa, FL – On the week, the national gas price average held steady at $2.56, but motorists can expect some volatility at the pump in the coming days and weeks.

Over the weekend, Saudi Arabia experienced drone attacks on two major oil facilities – including the world’s largest, Abqaiq. The attacks have taken 5.7 million (crude) barrels per day off the market, accounting for about 6% of the global supply.

Americans Can Expect Pump Price Jumps Coming to Stations as Soon as this Week. (AAA)

Americans Can Expect Pump Price Jumps Coming to Stations as Soon as this Week. (AAA)

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AAA reports National Gas Price Average Hits Highest Pump Price of the Year

 

AAATampa Bay, FL – At $2.45, today’s national gas price average is the highest recorded price for a gallon of unleaded gasoline so far this year.

The near-term combinations of numerous refinery and pipeline shut downs, tightened access to supply levels in the Gulf and anticipated high gasoline demand surrounding Labor Day weekend, means motorists may not have seen the full impact of Harvey at the pump.

Hurricane Harvey Induced Refinery and Pipeline Shut Downs Spur Short-Term Spike.

Hurricane Harvey Induced Refinery and Pipeline Shut Downs Spur Short-Term Spike.

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