Today’s AAA National Average $2.407

Price as of 12/12/18

Month: November 2018

Crude Inventories Increase for 10th Consecutive Week

November 29,2018

Total domestic crude inventories continue to climb. In the latest weekly petroleum status report from the Energy Information Administration (EIA), crude inventories grew to 450.5 million bbl.  This is strong for the year, even though it is approximately 3.7 million bbl lower than last year’s level…Read more »

Crude Inventories Build Again, Contributing to Downward Price Pressure

November 15,2018

The latest weekly petroleum status report from the Energy Information Administration (EIA) shows crude inventories continue to build, now for the eighth consecutive week. Total domestic inventories sit at 442.1 million bbl, which is 16.9 million bbl lower than levels at this time last year. Inventories grew as the…Read more »

Gas Demand Lowers Further

November 08,2018

Gasoline demand may be entering the winter lull sooner than expected. The Energy Information Administration reports that demand hit 9.1 million b/d last week. The estimate is approximately 160,000 b/d less than the previous week, 400,000 b/d less than the rate at this time in…Read more »