Today’s AAA National Average $2.857

Price as of 8/15/18

Month: July 2018

Crude Inventories See Significant Decline

July 26,2018

For the week ending on July 20, total crude inventories fell by 6.2 million bbl after growing by nearly the same amount during the previous week. According to the Energy Information Administration (EIA), stocks around the country now total 404.9 million bbl, which is almost 80…Read more »

July Gas Prices are Proving Volatile

July 23,2018

Volatility is the trend for July gas prices as the rate for crude oil rises and drops amid lingering geopolitical concerns. In the U.S., the first half of the month saw pump prices increase from $2.85 to $2.89, while the second half is proving cheaper…Read more »

Domestic Crude Production Hits Historic 11 Million B/D

July 19,2018

At 11 million b/d, total crude production in the U.S. hit a new milestone last week – its highest rate ever recorded since the Energy Information Administration (EIA) began reporting its data. Crude production has been well over 10 million b/d most of this year,…Read more »

Gas Prices Increasing for Majority of Motorists on the Week

July 16,2018

Since July 4, gas prices have increased three cents, putting today’s national average at $2.88. Since last Monday, the average is just a penny more expensive nationally while some states are seeing nearly a dime jump, including Delaware, Florida and Michigan. “Typically during July, gas…Read more »