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Posts Tagged ‘AAA gas prices’

Average Price for Gasoline Continues Sliding

Inventories building so prices likely to keep falling.

by on Oct.17, 2017

Gas prices are falling as inventories continue to build after the hurricanes. (Photo credit: Brendan Strong)

The price of gasoline continued to drop in states east of the Mississippi River, with the exception of a handful around the Great Lakes, paying as much as eight cents less at the start of this week, according to AAA.

While gas prices are more expensive than a year ago, the past five weeks of sustained weekly declines indicate that demand may be leveling out as travel declines after a busy summer alongside refineries and pipelines returning to pre-hurricane operations, AAA reported.

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“Gas stations are steadily dropping pump prices for the majority of motorists, especially regional markets in the Northeast, Mid-Atlantic, South and Southeast,” said Jeanette Casselano, AAA spokesperson. “Drivers will see stabilized or decreasing prices at the pump throughout this month due to high refinery production rates and seasonal demand.” (more…)

Gas Prices Fall as Autumn Hits US

Hurricane Nate having no impact on gas prices.

by on Oct.11, 2017

Gas prices continued to fall last week despite Hurricane Nate making landfall.

Even though another hurricane swept across the Gulf of Mexico this past weekend, the average price that consumers pay for gasoline dropped again this week, according to AAA.

AAA reported that motorists are paying on average six cents less for a gallon of gasoline on the week with all states seeing prices at the pump either drop or hold steady.

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The national average is $2.49 per gallon, which is 18 cents cheaper than a month ago just after Hurricane Harvey had slammed in the Texas coast near Houston. The latest Energy Information Administration report shows gasoline demand at 9.2 million barrels daily, down 281,000 barrels per day from the week prior. This rate suggests that retail gas prices are showing steady promise of returning to pre-hurricane rates, AAA said. (more…)

Gas Prices Leveling Off after Hurricane Harvey

Refineries beginning to come back online.

by on Sep.12, 2017

Gas prices are leveling off after hitting a two-year high in the wake of Hurricane Harvey. (Photo credit: Brendan Strong)

Gasoline prices appear to be leveling across the U.S. off despite the disruptions created by two major hurricanes that have battered the United States causing some local shortages, AAA reported in its weekly analysis of fuel prices around the country.

AAA said for the first time in more than two weeks, the national gas price average despite Hurricane Irma’s landfall in Florida with gasoline prices holding steady at $2.67. The national gas price average is just three cents more expensive on the week, which saw a massive evacuation from parts of Florida as the storm approached.

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With a seven-cent increase, Florida, Indiana and Georgia were among the top 10 states who saw the largest gas price increases on the week, while gas prices dropped by one to six cents per gallon in Ohio, Kansas, Kentucky, Missouri, Delaware and Oklahoma, AAA reported.  (more…)

Gas Prices Hit Two-Year High in Wake of Hurricane Harvey

Refineries beginning start up production.

by on Sep.06, 2017

Gas prices have risen to a two-year high due to the impact of Hurricane Harvey.

Even as a second hurricane bears down on the U.S., the deadly weather from Hurricane Harvey has driven up the average price of gasoline to $2.66 per gallon — 28 cents higher than just a week ago, according to AAA.

Every state in the country has seen gas prices increase except four – Alaska, Idaho, Hawaii and Utah – where prices remain stable. Overall, gas prices are pennies away from topping the highest price of $2.67 that Americans have paid for a gallon of gas in more than two years.

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Losses in U.S. supply capability have catapulted retail prices to their highest levels since August 2015, but remain well below the first weeks of September 2011 through 2014, AAA said. (more…)

Average Gas Prices on the Rise After Holiday

AAA suggests getting your driving trips in now.

by on Jul.13, 2017

Gas prices moved upward – on average – for the first time in five weeks this week, according to AAA.

With the summer driving season in full swing AAA reports that gasoline prices across the U.S have begun to creep upward.

For the first time in five weeks, the national average gas price is rising. At $2.26, today’s price has been moving higher since July 6, and is three cents more than last week. The price increase follows a week of solid demand growth and a third straight week of gasoline inventory drawdowns across the country.

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“Gas prices are still at some of the cheapest prices we’ve seen this year, but consumers should take advantage of them while they can,” said Jeanette Casselano, AAA spokesperson. (more…)

Gas Prices Starting to Fall in October

Some parts of country still over $2.50 a gallon.

by on Oct.20, 2016

Unexpected refinery maintenance has caused prices in some areas to rise slightly, but gas prices are down on average.

The national average price for regular unleaded gasoline has dropped for nearly two weeks after a brief spike during September, according to the information collected by AAA.

Unleaded gasoline was selling for $2.23.5 cents per gallon this week, AAA reported. The average price represents a decrease of two cents per gallon compared to one week ago, but remains five cents more than last month.

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Drivers across the country continue to see savings at the pump and are paying an average of three cents less per gallon year-over-year while the price of crude oil remains well below its historical highs, AAA said. (more…)

Despite Holiday Driving Record, Gas Prices Dropping

Supply is still above demand and keeping prices low.

by on Jul.07, 2016

Despite motorists driving at near-record levels, the price of gasoline continues to to drop.

With the summer driving season well underway and demand for gasoline closing in on record levels, gasoline prices are falling as the price of crude oil appears to have peaked, at least for now.

AAA reported this week that pump prices have fallen 24 straight days and registered their lowest price for the Independence Day holiday since 2005. The national average price for regular unleaded gasoline is $2.27 per gallon, which represents a savings of three cents per gallon on the week and nine cents per for the month, according to AAA as drivers benefit from discounts prices are down

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AAA estimated that the price of gasoline is 50 cents per gallon now compared with this same date last year. (more…)

Gas Prices Leveling Off as Refineries Ramp Up

Production back to normal output.

by on May.10, 2016

After climbing upward to a six-month high in early May, gasoline prices seem to have stabilized.

After reaching its highest point in six months in early May, the price of gasoline is showing signs of leveling off, ending the steep climb that raised the average price of gasoline as the spring driving season picked.

The price of gasoline at the pump declined slightly during the past week, according to the AAA. The group also said it is possible that prices have begun to stabilize as refineries increase production to meet record-high demand.

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The average price of $2.21 per gallon represents an increase of 17 cents per gallon on the month, and prices have moved higher for 23 of the past 31 days. (more…)

Summer Blend Makes Gas Prices Rise

Refineries shifting to special seasonal mix.

by on Apr.05, 2016

Gas prices are on the rise as producers move to the summer blend of fuel.

With the summer driving season fast approaching, the price of gasoline continues to climb, pushing the average price beyond $2 per gallon, according to a new report by AAA.

Despite increasing for 36 of the past 41 days, the national average is at its lowest price point for this same date since 2009, according to AAA.

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“The average price of $2.06 per gallon represents an increase of two cents on the week and 24 cents on the month. Pump prices continue to reflect year-over-year discounts, and drivers are saving 34 cents per gallon versus this same date last year,” the organization noted. (more…)

Gas Prices on the Rise in the US

Rising crude oil prices, refinery maintenance pushing the increase.

by on Mar.03, 2016

Gas prices are beginning to rise as crude oil prices continue to move upward and the spring refinery maintenance season starts up.

After declining throughout the winter, gasoline prices have started to rise in the last couple of weeks as the price of crude oil inches up and refineries begin getting ready for the spring driving season.

The national average price of gas has increased for six consecutive days for the first time since early November, though drivers continue to enjoy relatively low prices at the pump, AAA reported.

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Prices at the pump have climbed by four cents per gallon versus one week ago and are likely to continue to rise as the spring refinery maintenance season ramps up. Monthly and yearly savings persist and drivers are saving five cents on the month and 65 cents on the year, AAA said. (more…)