Today’s AAA National Average $3.593

Price as of 5/26/24

Tag: gas shortage

Gasoline Demand Slumps in Final Weeks of Summer

August 23,2018

At 9.45 million b/d, consumer demand for gasoline hit one of its lowest levels this summer last week, according to the Energy Information Administration. This is nearly 60,000 bbl lower than the previous week and 176,000 b/d below the rate during this time last year. While low for the season, last…Read more »

August’s National Gas Price Average Remains Flat

August 13,2018

The national gas price average has held relatively flat for the last two weeks. Today’s national average is $2.86. The Energy Information Administration’s (EIA) latest reports detail a drop in consumer gasoline demand and a build in gasoline inventories. In fact, this was the first…Read more »

Gas Demand Takes a Dramatic Step Back on the Week

August 09,2018

This week’s petroleum report from the Energy Information Administration (EIA) shows a stark drop in gasoline demand following a near-record high last week. The latest EIA data estimates that demand fell over 530,000 b/d from the previous week – down from 9.8 million b/d to…Read more »