Today’s AAA National Average $2.858

Price as of 7/19/18

Month: July 2018

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 »

Gas Prices on the Rise as Demand Remains Strong

July 09,2018

The national gas price average is $2.87, which is a penny more expensive on the week. Pump prices in nearly 30 states are seeing a jump of as much as eight cents, a dozen states saw prices drop and another dozen states’ gas price averages…Read more »

Crude Inventory Increase Helps Push Oil Prices Lower

July 05,2018

U.S. crude oil inventories increased by a total of 1.3 million bbl last week, according to the Energy Information Administration (EIA). This is the first time in three weeks the U.S. has seen a build in inventories, which typically see drawdowns throughout the summer. At…Read more »