Today’s AAA National Average $2.518

Price as of 2/25/18

Month: January 2018

Rising Crude Oil Prices Push Up Pump Prices for Consumers

January 29,2018

At $2.58, the national gas price is four cents more expensive on the week. Across the country, motorists in 47 states and Washington, D.C. have seen pump prices increase as much as 9 cents with the Great Lakes, Central, South and Southeastern states seeing the…Read more »

U.S. crude inventories at lowest level in nearly three years

January 25,2018

U.S. crude inventories fell for the 10th consecutive week, according to the latest weekly petroleum report from the Energy Information Administration (EIA). For the week ending on January 19, inventories declined by 1.1 million barrels. Total storage in the U.S. now stands at 411.6 million…Read more »

January Gas Price Trends Indicate a More Expensive Year at the Pump

January 22,2018

Today’s national gas price average is $2.54, which is only one cent more than last week. The Energy Information Administration (EIA) reports that while gasoline demand modestly decreased (146,000 b/d), gasoline inventory increased by 3.6 million bbl. Combined, these two factors resulted in minimal impact…Read more »

New Records for U.S. Crude Production Expected in 2018

January 18,2018

Released this week, the Energy Information Administration’s (EIA) first Drilling Productivity Report for 2018 estimates that crude oil production in the U.S. will climb by 111,000 b/d next month. The increase will help put production on track to average 10.3 million barrels per day in…Read more »

Demand and Inventory on the Up and Up

January 11,2018

The Energy Information Administration’s (EIA) first 2018 petroleum status report showed that despite gasoline demand increasing to 8.8 million b/d on the week, gasoline inventories bubbled up by 4.1 million bbl to measure at 237 million bbl nationally. Total gasoline inventories in the U.S. are…Read more »