Washington, D.C. – On the week, the national gas price average jumped six cents to $2.96. If the trend continues, an increase of three more cents would make the national average the most expensive since November 2014 –the last time we saw average prices at $2.99 and higher.
AAA forecasts gas prices to climb this week in reaction to the shutdown of the Colonial Pipeline, which delivers approximately 45% of all fuel to the East Coast.
Washington, D.C. – At the start of May, the national gas price average is $2.90, which is three cents more than a month ago.
Pump prices in April saw minimal variability compared to March, which increased 15 cents from start to finish. Stable crude oil prices amid fluctuating demand helped keep the national average price jumps nominal last month.
Washington, D.C. – At $2.86, the national average has decreased week-over-week for the first time since November of last year. Today’s average is two cents cheaper on the week. Since last Monday, 45 states also saw their averages decrease or no change at the pump.
“Growing stock levels and cheaper crude oil prices are putting downward pressure on pump prices for the majority of motorists,” said Jeanette McGee, AAA spokesperson.
Washington, D.C. – After weeks of seeing almost daily increases, the national gas price average is showing signs of stability, holding steady at $2.88 for the last 5 days.
Still, today’s average is the highest price since May 2019 and is more expensive on the week (+2 cents), month (+25 cents), and year (+74 cents).
Washington, D.C. – Following last month’s winter storm in Texas, the national gas price average has jumped nearly 40 cents to $2.86.
Prices will continue to increase this week, especially following the Energy Information Administration’s (EIA) latest weekly reports showing the second week of a major decline in gasoline stocks and a substantial increase in U.S. demand.
Washington, D.C. – With a nickel increase on the week, the national gas price average has reached $2.77, which is a 31-cent jump in the last month. Every state average has climbed by double-digits since February resulting in 1 in 10 gas stations with pump prices that are $3.00/gallon or more.
Pump prices are increasing as refinery utilization is at an all-time low and crude oil prices (WTI) surged by more than $2.00/bbl to $66.00/bbl on Friday, the highest price in nearly two years.
Washington, D.C. – AAA says Gas prices continue to increase, with the national average up nine cents on the week to $2.72. That is a 30 cent increase from the beginning of February, 28 cents more than a year ago, and the most expensive daily national average since August 2019.
The latest price jumps are a direct result of February’s winter storm that took 26 U.S. refineries offline and pushed refinery utilization from an average of about 83% down to an atypical low of 68%, according to the Energy Information Administration (EIA).
Washington, D.C. – AAA says motorists are filling-up to some of the most expensive gas prices seen in over a year.
With the forced shutdown of Gulf Coast and some Mid-West refineries due to last week’s winter weather, gasoline stocks have tightened and gas prices have skyrocketed.
On the week, 66% of state averages spiked by double digits (10–22 cents), driving the national average up by 13 cents to $2.63. That is the most expensive national average since October 2019.
General Motors recalls nearly 700,000 vehicles because Passenger Frontal Air Bag Inflator May Explode
Washington, D.C. – The National Highway Traffic Safety Administration (NHTSA) reports General Motors, LLC is recalling certain 2013 Cadillac Escalade, Escalade ESV, and Escalade EXT, Chevrolet Avalanche, Silverado 1500, Silverado 2500/3500, Suburban, Tahoe, GMC Sierra 1500, Sierra 2500/3500, Yukon, and Yukon XL vehicles.
An inflator explosion may result in sharp metal fragments striking the driver or other occupants, resulting in serious injury or death.
Washington, D.C. – AAA says that Crude oil and pump prices will soon be more expensive than the highest price of 2020 despite low demand. At the end of last week, crude was priced at $59.47/bbl.
That’s just under $4.00/bbl less than last year’s most expensive price of $63.27/bbl (seen on January 6th, 2020). Since the end of November, we’ve seen the price of crude increase as much as $5.00/bbl a week, meaning we could see 2021 crude oil prices top 2020 as early as this week.
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