Today’s AAA National Average $4.601

Price as of 5/28/22

Month: November 2021

Price of Oil Tumbles on COVID News—Will Pump Prices Follow?

November 29,2021

WASHINGTON, D.C. (November 29, 2021)—Crude oil prices initially tumbled more than $10 to $68 a barrel on Friday after news of the Omicron COVID-19 variant broke. Meanwhile, consumers caught a little break as the national average price for a gallon of gas dropped to $3.39,…Read more »

Will Falling Oil Prices Bring Relief at the Pump?

November 22,2021

WASHINGTON, D.C. — After stubbornly staying above $80 a barrel since Labor Day, the price of crude oil tumbled this week into the mid-$70s. Fears of slowing economic activity in the U.S. and Europe due to a resurgence of COVID-19, along with reports that the…Read more »

National Average Holds Steady as Gas Demand and Supply Decline

November 18,2021

Since Monday, the national average for a gallon of regular gasoline has held steady at $3.41. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 700,000 bbl to 212 million bbl last week. Gasoline demand also dropped slightly…Read more »