Topic: West Texas Intermediate
Tampa, FL – AAA says that last week was the first time since early June that the national gas price average jumped more than a nickel in under a few days. On the week, it’s a dime more expensive at $2.66 with half of states seeing prices increase by 10 cents or more.
However, even with the significant increase, the national average is still cheaper compared to last month (-6 cents) and last year (-19 cents).
Washington, D.C. – AAA says Americans are changing their perception of what they consider “too expensive” when it comes to filling-up at the pump. AAA’s 2019 Gas Price survey found that 50 percent of consumers think paying $3.00/gallon is too high – an increase of 30-cents from last year when half of consumers reported $2.70 as too expensive.
Nashville, 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.
Washington, 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.
Some of the lowest regional average gas prices are found in Clarksville and Hopkinsville.
Tampa, FL – Prices at the pump rose slightly this week. The national average for a gallon of regular unleaded gasoline is $2.279 today, up nearly a penny from last week, down 8 cents from a month ago and an increase of 58 cents over last year.
“Low demand is keeping downward pressure on gasoline prices,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “OPEC’s cuts are being offset by increases in domestic oil production, high gasoline and oil inventories and a drop in gasoline demand. Gas prices should remain steady in the near-term before taking their seasonal upswing as we head into the spring.”
Tampa, FL – The New Year began with increased gas prices reaching today’s average of $2.34 per gallon. The national average has moved higher for 34 of the past 35 days, largely due to market reactions to last fall’s OPEC deal. Pump prices increased by five cents on the week, by 18 cents per gallon on the month, and are up by 34 cents on the year.
Moving into 2017, retail prices will continue to hinge on the ability of cartel countries to successfully implement production cuts, but retail averages are likely to increase leading up to the summer driving season as seasonal refinery maintenance gets underway this spring.
2016 Gas Prices Were Lowest Since 2004
Tampa, FL – The New Year began with increased gas prices reaching today’s average of $2.34 per gallon. The national average has moved higher for 34 of the past 35 days, largely due to market reactions to last fall’s OPEC deal.
Compared to a week ago, pump prices have risen 5 cents nationwide, 9 cents in Florida, 6 cents in Georgia, and 4 cents in Tennessee.
Tampa, FL – The national average price for regular unleaded gasoline has dropped six consecutive days after rising for 16 straight days to close out August. Today’s national average is $2.20 per gallon. Gas prices started turning lower heading into the Labor Day weekend, which marks the unofficial end to the summer driving season.
Today’s national average is two cents less than a week ago and 18 cents less than a year ago but 8 cents more than one month ago. The year-on-year discount persists but has closed more than 30 cents in just 20 days.
Tampa, FL – Motorists are finding the lowest gas prices for this time of year since 2004. Sunday’s national average price of $2.12 is 24 cents above the average price 12 years ago, but remains 50 cents less than a year ago and $1.36 less than two years ago.
“Gas prices across most of the country continue to slide during the peak road-trip season due to abundant supplies,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “With gasoline supplies high and oil prices low, pump prices are likely to remain relatively cheap through the remainder of the summer and into the fall. Motorists can now find gas prices under $2.00 a gallon at 44 percent of gas stations across the country.”
Washington, D.C. – National pump prices have fallen for 43 of the past 44 days, dropping 22 cents during this span. The national average price for regular unleaded gasoline sits at $2.21 per gallon, which is the lowest mark since April and the lowest price for this date since 2004.
Today’s price is five cents less than one week ago, 15 cents less than one month ago, and 56 cents less than the same date last year.
With abundant fuel supplies across the nation and declining crude oil costs, gas prices dropped in 47 states over the past week, led by double digit drops in several Midwestern states.
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