Today’s AAA National Average $2.793
Price as of 7/16/19
In a surprising move, crude oil inventories increased to 396 million bbl last week after five consecutive weeks of decline, according to the Energy Information Administration (EIA). Despite the increase, domestic crude inventories are now roughly 75 million bbl lower than were they were at…Read more »
Motorists in 32 states are welcoming cheaper or stable gas prices at the start of the workweek. Today’s national gas price average is $2.85, which is the same price as last Monday, one-cent more than last month and 27-cents more expensive than this time last…Read more »
With summer in the rearview mirror, gasoline demand has slumped. According to the Energy Information Administration (EIA), demand for gasoline fell to one of its lowest rates for the season last week at 9.53 million b/d after hitting 9.65 million b/d during the previous week. The drop in…Read more »
While Hurricane Florence battered the Carolinas over the weekend with life-threating storm-surge, rain and flooding, it has had little to no impact on gas prices, with the national average, holding steady at $2.85 on the week. Gas prices have not seen much movement because unlike…Read more »
Total gasoline stocks around the country grew by 1.3 million bbl last week, according to the Energy Information Administration. At 235.9 million bbl, stocks are 17.6 million bbl higher than were they were this time last year. Moreover, stocks in in the East Coast (PADD…Read more »
On the week, the national gas price average jumped a penny to land at $2.85. Prices remain relatively stable across the country as gasoline demand dipped slightly and gasoline inventories incrementally built according to the latest Energy Information Administration (EIA) reports. With the switchover to…Read more »
