Gas prices declined as gasoline stocks in the region jumped by 1.1 million bbl to bring total levels to 50 million bbl. Pump prices in the West Coast region are the highest in the nation, with most states in the region landing on the top 10 most expensive list today. Check out current and historical data on Canadian gas prices, by city, province and nationally. Hawaii, Washington, Nevada and Oregon saw the largest decreases at a penny each. CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. Other states in the region are seeing the following prices: Washington ($3.21), Nevada ($3.13), Oregon ($3.05), Alaska ($3.00) and Arizona ($2.81). Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. September 9th, 2019 by AAA Public Affairs. Tennessee saw the largest decline. At 84.7 million bbl, regional stocks now sit at their highest level since the end of May. In the first half of this year, on average the U.S. imported about 18,000 bbl compared to 35,600 bbl in the first half of 2017. In which seasons are gas prices the lowest?Winter months usually have lower gas prices since people tend to drive less due to the poor road conditions. While Indiana (-10 cents) had the largest and only double-digit pump price decrease on the week in the region and the country, the majority of Great Lakes and Central states, saw pump prices push cheaper by as much as three cents. Louisiana ($1.76) and New Mexico ($1.97) were the only states in the South and Southeast region to not see double-digit increases at the pump. Regardless, it is a healthy supply level and provides the ability to replenish any shortages in Florida. 5 days ago. That drop brought total levels down to 80 million bbl, which is the lowest regional supply level since mid-April of this year. While this is the highest utilization in the country, the region carries the smallest stock level: 7.5 million bbl, according to EIA data. Mounting concerns about the increase in global coronavirus cases and the reinstatement of lockdown policies in some countries has driven crude oil prices down to the lowest closing price – $35/bbl – since June. Washington ($3.18), Nevada ($3.10), Oregon ($3.03), Alaska ($2.95) and Arizona ($2.83) follow. In its latest reading (for the week ending Aug. 9), the Energy Information Administration (EIA) recorded demand at 9.93 million b/d, the highest since the agency began recording data in 1991. The EIA’s recent report for the week ending on Aug. 23 showed that West Coast gasoline stocks decreased by 600,000 bbl. At 12 cents, Colorado and Montana had some of the largest jumps and land on the country’s top 10 list. That being said, pump prices across the region are on average 33 cents less than this time last year. Gas prices are cheaper across the Mid-Atlantic and Northeast states by as much as a nickel, but that large drop only happened for one state: North Carolina (-5 cents). The stock growth will likely help pump prices continue to decline as motorists in the region enter the lower demand fall driving season this week. The new rate reflects a slight dip of 40,000 b/d due to a slowdown in global demand trends in the first half of 2019. The harder you accelerate the more fuel you consume. The high refinery rate and healthy stock level are working together to push prices cheaper for most of the region, a trend that should continue into September. Alaska (+8 cents) and Arizona (+8 cents) saw the largest increases in the region. The prices shown are in U.S. dollars. The region’s refinery utilization rate (96%) and gasoline stock levels (84 million bbl) both held steady from the previous week according to the latest EIA data. Hawaii ($3.65) and California ($3.62) are the most expensive markets in the country. Illinois ($2.71) carries the most expensive average followed by Ohio ($2.59) and Michigan ($2.58). Check the engine air filter at every oil change. In addition to cheaper gas prices, there are other ways to save at the pump and boost your vehicle’s fuel efficiency this fall. Prices should remain mostly stable or cheaper for the coming week as the latest EIA data reports increases in regional gasoline stocks. The current price of WTI crude oil as of November 24, 2020 is $45.02 per barrel. While this week is starting with significant savings for much of the region, there is the potential for this coming week to bring increases. Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. On the week, motorists in the South and Southeast are seeing volatility, though it is not overly drastic. With a nearly 1 million bbl build, regional gasoline stocks sit at 75.1 million bbl. However, California and Arizona saw increases at a penny each. 2 days ago. *See the card issuer's online application for details about terms and conditions. For the first time in a few months, motorists in Utah (+6 cents), Wyoming (+2 cents) and Montana (+1 cent) are paying more to fill-up. The large price swings are surprising given that regional gasoline stocks and refinery utilization both held steady on the week at 54 million bbl and 75%, respectively, according to EIA data. Crude prices rose at the end of last week after sustaining heavy losses for two days. Unintentional dips in speed and sudden bursts of acceleration to keep pace take a toll on your tank – and your wallet. It’s likely many of the states which saw large increases in the last week will see smaller increases in the week ahead. Utah and Idaho prices are both three cents cheaper. The national gas price average, which is already 15-cents cheaper than just five weeks ago, is poised to continue pushing less expensive due to several factors, including less expensive crude oil prices, the drop-off in gasoline demand after Labor Day and the move to winter-blend gasoline. Demand increased from 8.2 million b/d to 8.5 million b/d while supply decreased 90,000 b/d to 226 million bbl. Ten South and Southeast states have gas price averages that are a quarter or more less expensive: Louisiana (-37 cents), Florida (-35 cents), Mississippi (-31 cents), Oklahoma (-30 cents), Arkansas (-28 cents), South Carolina (-27 cents), Alabama (-27 cents), New Mexico (-27 cents), Texas (-27 cents) and Georgia (-26 cents). Pump prices in the West Coast region increased last week, and prices are poised for more increases this week. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Gas is also cheaper for refiners because they don't have to worry about evaporation. Utah’s average remained stable at $2.91. Increasing stocks, alongside increasing demand, may help to slow pump price increases this week in the region. Prices are cheaper as demand saw a small dip on the week, even though overall demand remains robust for the summer. At the start of the week, New York ($2.72) has the most expensive average of all states in the region and ranks as the 10th most expensive in the country. Tennessee ($2.26) has the cheapest average in the region. In addition, during the summer months, gas refineries must use more expensive gasoline components in order to meet federal guidelines. What is the best time of day to get gas?Generally, gas station owners change gas prices in the late morning/early afternoon when they learn that other gas station owners are changing prices. The cost of gas depends on a variety of factors including: Why do gas prices fluctuate?Gas prices rise and fall according to supply and demand. In the city, you can conserve fuel by easing onto the accelerator pedal gently and gradually. Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Domestic crude prices decreased in light of market concern about increasing coronavirus infections worldwide, which could lower crude demand. Florida (-7 cents), Oklahoma (-7 cents), Louisiana (-6 cents) and Georgia (-6 cents) land on the top 10 list of largest weekly changes. But the plans can get pricey. Overall, COVID-19 has caused immense pain for consumers and business alike, and in response, the Fed has slashed rates next to zero, which has hurt... Enterprise Products Partners LP (EPD) enhanced their very long-standing reputation for consistency when they reported third quarter earnings on Oct. 28. In comparison, last year at this time crude was pricing at about $20/bbl more expensive. All Mid-Atlantic and Northeast states saw gas price averages decline on the week. Plan your maneuvers well in advance to maintain your vehicle’s momentum. with all states in the region seeing gas prices decrease or remain stable on the week. Ohio (+4 cents) and Indiana (+1 cent) were two of only five states in the country to see gas prices increase on the week.

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