Today’s AAA National Average $2.668

Price as of 9/22/19

Gas Demand Rebounds and National Average Sees Slight Increase

Gas Demand Rebounds and National Average Sees Slight Increase

September 12,2019

In its latest petroleum status report, the Energy Information Administration (EIA) revealed that gas demand increased by 336,000 b/d to 9.8 million b/d. This latest rate is 158,000 b/d higher than the first week of September 2018, which is surprising as demand generally slows post-Labor Day. EIA’s data also showed that total domestic gasoline stocks fell by 700,000 bbl to 228.9 million bbl last week. Although demand rebounded to a level seen during a typical summer, cheap crude prices have helped to keep the national average mostly steady this week and 27 cents cheaper than a year ago. Since Monday, the national average for regular unleaded gasoline has increased by a penny to $2.57.