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The latest Energy Information Administration (EIA) data registers gasoline demand at 8.6 million b/d for the week ending December 28 – the lowest level on record since February 2017. Despite record motor vehicle travel for the holiday, demand was down nearly 900,000 bbl, suggesting that…Read more »

The New Year has ushered in the cheapest national gas price average in three years. To boot, at $2.25 today’s national average is even one cent cheaper than on January 1 and trends indicate that pump prices will likely remain cheap for at least the…Read more »

Nearly 20 percent of states are currently enjoying prices below $2.00 per gallon. Nationally, retail averages have dropped ­­­83 of the past 90 days. The national average for regular unleaded gasoline currently sits at $2.30 per gallon, which is six cents less than one week…Read more »

According to the latest weekly report from the Energy Information Administration, total domestic crude inventories took a slight step back last week. At 441.5 million bbl, crude inventories fell by 500,000 bbl. When compared to last year at this time, combined inventories across the country…Read more »