Today’s AAA National Average $2.407

Price as of 12/12/18

Month: October 2018

Domestic Crude Inventories Build Again

October 25,2018

For the fifth consecutive week, domestic crude inventories grew and now sit at a level not seen since the beginning of the driving season in June, according to the Energy Information Administration (EIA). In its latest weekly petroleum status report, EIA revealed that inventories gained 6.3…Read more »

October is Finally Falling into Cheaper Gas Prices

October 22,2018

Today’s price is also four cents cheaper than last week, the same price as last month and 39- cent more than this time last year. Reduced refinery runs, due to peak maintenance season, have contributed to stable gasoline inventories amid lower demand, which is a…Read more »

Domestic Crude Inventory Growth Continues

October 18,2018

In a surprising development, domestic crude inventories grew by 6.5 million bbl last week, as revealed by the latest Energy Information Administration data. Total crude inventories now sit at 416.4 million bbl, marking the fourth week of consecutive growth and highest level since late June. The…Read more »

Domestic Crude Inventories Swell as Production Hits All-Time High

October 11,2018

Showing more growth than expected, total domestic crude inventories hit 410.0 million bbl last week, according to the Energy information Administration (EIA). Despite the increase, crude storage levels are 52.2 million bbl lower than where they were this time last year. The year-over-year deficit has…Read more »