AAA reports that pump prices continued to decline, falling another 12 cents since last week to $4.67. The dip in the national average for a gallon of gas occurred despite a slight rise in demand, likely due to robust July 4th holiday automobile travel. AAA forecasted that 42 million people would hit the roads for […]
AAA Reports Gas Prices at Highest Level Since 2014
Prices continue to Increase with no signs of slowing. According to AAA’s weekly fuel gauge report, blustery winter weather and geopolitical tensions are helping to drive the price of oil higher, which is in the low-$90s per barrel, nearly $30 more than in August. The recent cold weather in the U.S increased the demand for […]
National Average Gas Price Dips Slightly
According to AAA, consumers caught a little break as the national average price for a gallon of gas leveled off at $3.41, down a penny since last week. Since October 30, the national average has fallen on nine different days, after having risen steadily each of the previous 31 days. “A slight dip in gas […]
AAA Reports Gas Prices Were Up Six Cents on Week, Likely to Climb Higher with Pipeline Shutdown
AAA reports that the national gas price average jumped six cents to $2.96 for the week. 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. As CollisionWeek reported May 7, gasoline consumption […]
AAA Reports Gasoline Demand at All Time High
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 […]