According to AAA gasoline demand is soaring to new heights. In its latest reading covering the week ending Aug. 9, the Energy Information Administration (EIA) recorded demand at 9.93 million b/d, the highest since the agency began recording data in 1991. As demand jumped, gasoline stocks fell by 1.4 million bbl and pump prices slowed […]
AAA Reports U.S. Gasoline Prices Are Dropping Fast
According to a report yesterday from AAA, the national average price for gasoline dropped six cents on the week to $2.68, following a consistent downward trend since Memorial Day. The decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand. However, the latest Energy […]
U.S. Gas Prices Set New High for the Year
National gas price average at $2.88, up 20 cents vs. month ago and 63 cents on beginning of the year. One week after the U.S. State Department announced the end of waivers for countries to import oil from Iran, increasing crude oil prices and pump prices show no signs of slowing down. With a four-cent […]
National Average Gas Price Jumps 10 Cents as Spring Refiner Maintenance Hits Supply
Prices above both month ago and year ago levels. Pump prices on the West Coast increased as much as 20 cents this past week, driving the national average up nearly 10 cents to $2.83 on the week. As stocks tighten out West due to unplanned and planned maintenance, California’s average jumped to $4.00, the most […]
Gas Price Below Year Ago Levels
National average is 29 cents below last year but is even with last week. The national gas price average yesterday may have held flat on the week at $2.25, but just a three cent drop would bring the U.S. average to the lowest since December 2016. However, as crude oil prices continue to climb it […]
Gasoline Demand Hits Lowest Level in Nearly Two Years
The latest U.S. Energy Information Administration (EIA) data registers gasoline demand at 8.6 million barrels per day for the week ending December 28 – the lowest level on record since February 2017. Despite record motor vehicle travel for the holiday, demand was down nearly 900,000 bbl, suggesting that demand this winter could be lower than […]
National Gas Price Average is Cheaper Than Year Ago for First Time in 18 Months
According to yesterday’s AAA Fuel Gauge Report, motorists in 32 states are paying less to fill up compared to a year ago. As the national gas price average drops to $2.46 it sets a new low price for the year and is cheaper than a year ago by two cents. The last time the daily […]
Gasoline Demand Soars with Prices at Highest Level Since 2014
AAA reports that while prices are at their highest levels since 2014, consumers are still driving and demand for gasoline has increased to near record levels. At 9.88 million b/d, gasoline demand last week was near an all-time record high according to the Energy Information Administration (EIA). According to AAA’s Fuel Gauge report yesterday, at […]
AAA Reports Gasoline Demand at Record Highs in April as Pump Prices Continue to Increase
According to an analysis by AAA, the Energy Information Administration’s (EIA) latest data registers consumer gasoline demand at 9.857 million b/d. That is the highest level ever on record for the month of April and exceeds typical summer demand measurements. As demand skyrockets, gas prices increased across the country on the week with five states […]
Gas Prices Jump Since Beginning of November
National gas price average up nine cents since November 1 According to AAA’s Fuel Gauge report, at $2.56, the national gas price average has increased nine cents inside of 13 days in November. Strong fall consumer gasoline demand has continued into November and is chipping away at national gasoline inventory. The Energy Information Administration (EIA) […]