Posts Tagged ‘AAA Public Speaker’

Jeanette CasselanoHeading into Memorial Day weekend, gas prices are increasing for the first time in four weeks. Today’s national average is $2.36/gallon – two cents more than a week ago, six cents less than a month ago, but eight cents more than a year ago. The increases are likely the result of rising demand and crude oil prices. At least 36 states saw price increases on the week, with national gasoline inventories dropping by 400,000 bbl to 240.7 million.

AAA projects that more than 34 million Americans are planning to take a road trip this Memorial Day weekend– which is 800,000 more drivers than last year. The rise in road travel could pressure pump prices to continue to increase into the summer months, potentially returning to the higher national averages seen in April.

Quick Stats

  • The nation’s top ten markets with the biggest changes in the last week include: Ohio (+10 cents), Michigan (+9 cents), California (+8 cents), Indiana (+6 cents), Delaware (+4 cents), Nevada (+4 cents), Wisconsin (+3 cents), Oklahoma (+3 cents), South Carolina (+3 cents) and Kentucky (+3 cents).
  • The nation’s top ten markets with the most expensive gas: California ($3.06), Hawaii ($3.06), Alaska ($2.90), Washington ($2.88), Oregon ($2.73), Nevada ($2.72), Pennsylvania ($2.57), Idaho ($2.54), Washington, D.C. ($2.54) and Connecticut ($2.50).

 

West Coast

The West Coast continues to be the most expensive region in the country, with every state landing on the top 10 list of most expensive markets: California ($3.06), Hawaii ($3.06), Alaska ($2.90), Washington ($2.88), Oregon ($2.73) and Nevada ($2.72).

Drivers in California are now paying more than $3/gal at the pump, 20 cents more than last year. The latest Energy Information Administration (EIA) report shows West Coast gasoline stocks dropped for the third consecutive week to 29.1 million bbl, the lowest mark in eight weeks. Refinery maintenance at Phillips 66’s Carson refinery, Valero’s Benicia refinery and Tesoro’s Golden Eagle and Carson refineries are all contributing to growing supply concerns. Early June scheduled gasoline deliveries from Europe, via New York Harbor, and from the Caribbean, could help increase regional supplies.

Rockies

Drivers in Idaho ($2.54) are paying the highest gas prices in the region and +18 cents more than the national average. It is not uncommon for prices in the Rockies to surpass the national average. According to the latest EIA report, the Rockies lead the nation for low demand and gasoline stocks are down to 7.7 million bbl, the lowest in the country.

Since January, all states in the Rockies have seen gas prices rising steadily. Utah has seen the biggest fluctuation in price. On its most expensive day in April, gas prices were +31 cents higher than the cheapest price posted on January 1, 2017.

Great Lakes and Central States

Ohio (+10 cents), Michigan (+9 cents), Indiana (+6 cents) and Wisconsin (+3 cents) all top the list of largest weekly increases. The increases are in-line with growing national demand and the region’s drop in gasoline inventory. Great Lakes and Central States inventories dropped by 1.5 million bbl, the biggest draws in the country. The region is sitting on 53.5 million bbl of stock, which is about 700,000 bbl higher than a year ago.

South and Southeast

Every state in the South and Southeast touts gasoline prices below the national average, including: South Carolina ($2.05), Mississippi ($2.08), Alabama ($2.09), Arkansas ($2.09), Tennessee ($2.10), Oklahoma ($2.10), Missouri ($2.10) and Louisiana ($2.13).

The Gulf Coast saw the largest build on gasoline inventories in the country, 1.1 million bbl, pushing stocks just above the 80 million bbl mark. Despite the increase in stocks, a few states experienced jumps in gas prices at the pump on the week up to +3 cents: South Carolina, Oklahoma and Kentucky. Even with the build, this part of the region holds a year-on-year deficit of just under 3 million bbl.

Mid-Atlantic and Northeast

The Mid-Atlantic and Northeast states saw gas prices fluctuate, with increases up to four cents in some areas: Delaware (+ 4 cents), Maryland (+3 cents), Washington, D.C. (+3 cents), West Virginia (+3 cents) and New Jersey (+2 cents); while others saw prices drop or remain stable: Pennsylvania (-1 cent) and Vermont (-1 cent).

Compared to the previous week’s gain of 2.6 million bbl, this week’s addition of only 400,000 bbl likely impacted the wide range in gasoline price changes (+4 cents to -1 cents) in the region. With this week’s growth, the region’s stocks are the second highest in the country at just above the 70 million bbl threshold, but not above the all-time high of 76 million bbl in mid-February.

Pennsylvania ($2.57), Washington, D.C. ($2.54), Connecticut ($2.50) and New York ($2.50) continue to lead the region with the highest gas prices.

 

 

Oil Market Dynamics

After a strong finish to last week’s trading, crude made strong gains on Monday morning and stayed above $50/bbl. The jump is due to a weaker dollar and comes ahead of OPEC’s meeting on Thursday in Austria to discuss extending the already agreed upon production cuts through the remainder of the year – and possibly through the first quarter of 2018. In fact, OPEC is seeking to include additional countries in the agreement to deepen its impact on the global market, as Iran and smaller export nations examine potential cuts.

Only time will tell if OPEC’s actions will curtail growing inventories, especially as the U.S. continues to benefit from historic rates of exploration. Last week, according to Baker Hughes, Inc., oil rigs in the US are up 8 to 720. Unprecedented growth in the exploration sector will continue to put new oil in the production pipeline for refineries. If gas prices continue to increase, refiners will capitalize on the potential to expand profit margins and continue producing record amounts of gasoline. With Memorial Day around the corner, these dynamics and growing demand could lead to higher prices at the pump for road travelers. 

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Learn more at AAA.com/mobile.

Jeanette CasselanoToday’s national average is $2.34/gallon. This price is a penny cheaper than one week ago, seven cents less than a month ago, but +12 cents more than a year ago. The latest Energy Information Association (EIA) report shows that gasoline demand increased by 252,000 barrels on the week. Despite the jump in demand, the continued oversupply of gasoline caused prices in most parts of the country to drop or remain steady with the exception of some states in the Great Lakes and Central regions, where prices increased by a penny or more.

In coming weeks, the onset of summer travel is likely to increase demand which might help dip into high gasoline stocks; however, it may not be enough demand to increase prices significantly.

National Average Gas Price Comparison 2014-2017

 

Quick Stats

  • The nation’s top ten markets with the most expensive gas: Hawaii ($3.06), California ($2.98), Alaska ($2.90), Washington ($2.88), Oregon ($2.73) and Nevada ($2.68), Pennsylvania ($2.57), Idaho ($2.54), Washington, D.C. ($2.51) and New York ($2.50).
  • The nation’s top ten markets with the biggest changes in the last week include: Indiana (+9 cents), Ohio (+7 cents), Michigan (+7 cents), Delaware (-5 cents), Kentucky (+5 cents), Florida (-5 cents), South Carolina (-4 cents), Alabama (-4 cents), North Carolina (-4 cents) and Pennsylvania (-4 cents).

Top Ten Largest Weekly Declines in Gas Prices

West Coast

Hawaii ($3.06), California ($2.98), Alaska ($2.90), Washington ($2.88), Oregon ($2.73) and Nevada ($2.68) lead the nation with the highest gas prices. Demand in the region continues to dip into seasonally high inventories, but not enough to deplete the unseasonably high gasoline stocks. Despite dropping 388,000 bbl last week, gasoline stocks are sitting close to a high of 30 million bbl.

Down time at the Valero Benicia refinery coupled with potential month-end work at Tesoro’s 166,000-b/d Martinez, Calif., refinery are creating supply concerns in the region. A drop in supply could potentially move prices higher in the coming weeks.

Rockies

In the Rockies, Utah’s gas prices fell two cents since last week, while Montana and Colorado saw just a penny decline. Wyoming and Idaho remained flat. With gas prices ringing in at $2.54, Idaho lands on this week’s top ten cities with the most expensive gas prices. According to the latest EIA report, the region’s gasoline stocks are at 7 million bbl- the lowest in the entire country.

Great Lakes and Central States

Despite high gasoline stocks in the regions, five states saw price increases on the week: Indiana (+9 cents), Ohio (+7 cents), Michigan (+7 cents), Illinois (+2 cents) and Minnesota (+1 cent). The region is carrying 55 million bbl in gasoline stocks- 2 million bbl more than this same time last year.  

South and Southeast

Every state in the South and Southeast saw prices decline on the week, with the exception of Kentucky (+5 cents). Consumers can find the cheapest gas in the country in this region, with eight states landing on the top 10 weekly list of least expensive markets: South Carolina ($2.01), Oklahoma ($2.07), Alabama ($2.09), Mississippi ($2.09), Tennessee ($2.09), Arkansas ($2.10), Louisiana ($2.12) and Missouri ($2.12).

The Gulf Coast saw a small dip in gasoline stocks last week and is the only region where current gasoline stocks (79.2 million) are below levels posted during this same time last year (83.1 million).

Mid-Atlantic and Northeast

Mid-Atlantic and Northeast states continued to see prices at the pump decline, notably Delaware (-5 cents), North Carolina (-4 cents) and Pennsylvania (-4 cents). Even with the price drop, Pennsylvania held its spot on the country’s top 10 list of most expensive markets along with Washington, D.C. ($2.51) and New York ($2.50).  Ranked as the 11th most expensive state this week, Connecticut is just as pricey at $2.50.

With a 2.6 million bbl increase, the Mid-Atlantic and Northeast were the only regions in the country to see a jump in gasoline stocks, according to EIA data. This jump likely contributed to declines on the week.

Top Ten Largest Yearly Increases in Gas Prices

Oil Market Dynamics

On Monday morning, U.S. petroleum futures were just below $50 per barrel. Prices rallied after officials from Russia and Saudi Arabia announced that they plan to extend production cuts into March 2018. This news comes after OPEC released its May report, which warns that the global oil market will not rebalance by the end of the year unless there is a collective effort from all oil producers to increase market stability.

OPEC is expected to draft a formalized production cut extension during its meeting in Vienna, Austria, on May 25. However, there is skepticism that any extended cuts will offset growing U.S. production. Last week, U.S. drillers added an additional nine oilrigs, bringing the total U.S rig count to 712 and marking 17 weeks of growth. The expected result of OPEC’s actions is far from certain. Until it is, drivers may continue to benefit at the pump – even during the typically more expensive summer driving season.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Learn more at AAA.com/mobile.

 

Mariam AliHarris Poll EquiTrend® study names AAA Insurance the highest ranked brand among competitors, based on 2017 Equity Score

ORLANDO, Fla., [May 15, 2017]AAA Insurance has earned “Brand of the Year” status for its property and casualty insurance offerings, according to the prestigious 2017 Harris Poll EquiTrend® study.

“AAA is thrilled to be recognized as the top property and casualty insurance brand by American consumers,” said AAA President and CEO Marshall L. Doney. “This award helps further distinguish AAA as a trusted insurance provider with excellent customer service and quality products.”

Using an academically-vetted brand equity model that examines familiarity, quality and purchase consideration, the annual Harris Poll EquiTrend® survey captures and analyzes more than 100,000 American opinions on more than 4,000 brands across nearly 450 different industry categories. Brand perceptions, such as emotional connection, functional attributes, brand awareness, influence and familiarity are measured and ranked against key competitors in each category.

“For more than a century, AAA has been proud to offer American consumers insurance they can depend on,” Doney said. “Our outstanding products and services help Americans prepare for life’s unexpected events that occur at home or on the road.”

AAA Auto & Home Insurance received the highest numerical Equity Score among Property & Casualty insurance brands included in the 2017 Harris Poll EquiTrend® Study, which is based on opinions of 102,617 U.S. consumers ages 15 and over surveyed online between December 30, 2016 and February 21, 2017. Individual opinions may differ. “Highest Ranked” was determined by a pure ranking of a sample of property and casualty insurance brands.

Over the last five decades, Harris Polls have become media staples. With comprehensive experience and precise technique in public opinion polling, along with a proven track record of uncovering consumers’ motivations and behaviors, The Harris Poll has gained strong brand recognition around the world. The Harris Poll offers a diverse portfolio of proprietary client solutions to transform relevant insights into actionable foresight for a wide range of industries including health care, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer packaged goods.

As North America’s largest motoring and leisure travel organization, AAA provides more than 57 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. Motorists can map a route, identify gas prices, find discounts, book a hotel and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile.

For more information about AAA Insurance, visit a local AAA club, or online at AAA.com.

Mariam Ali Contact TileAmerican drivers are unprepared for emergency breakdown situations

ORLANDO, Fla. (May 11, 2017) – This summer, AAA expects to rescue 7 million American drivers, with the majority facing battery, lock and tire-related issues. This number could soar higher, with a AAA survey revealing that 4 out of 10 American drivers are unprepared for emergency breakdown situations. With three-quarters of family travelers planning to travel by car to their favorite vacation spot, AAA reminds drivers to take the necessary precautions to ensure they are well prepared for a safe road trip.  

Additional Resources

“Summer heat takes a toll on vehicles, causing overheating engines, tire blowouts and dead batteries,” said Cliff Ruud, AAA’s managing director of AAA Automotive. “Having a disabled vehicle is a stressful and dangerous situation, which is why AAA urges drivers to stock an emergency kit, have their battery tested and inspect tires to make certain their cars are in road-ready condition.”

Unfortunately, AAA has found that many drivers are unprepared for roadside emergencies. Survey data shows that two-thirds of American drivers have never proactively had their car battery tested, 1 in 5 do not know how to change a tire and 4 in 10 do not carry an emergency kit in their vehicle.

Other findings from AAA’s 2017 roadside assistance data show:

  • Dead batteries, flat tires and vehicle lockouts are top reasons that members call AAA during the summer.
  • While more than half of members’ problems are resolved at the roadside by AAA, more than 3 million drivers will experience significant vehicle issues this summer that require a tow to a repair facility.
  • With low-profile tires and the elimination of spare tires, many newer vehicles are especially susceptible to roadside trouble.

“Roadside breakdowns continue to rise each year and can be a safety hazard for everyone on the road,” continued Ruud. “AAA is ready to help when vehicle troubles leave you stranded, however, travelers can minimize their risk by planning ahead and preparing properly.”

AAA offers the following tips to help avoid common roadside problems:

  • Schedule a checkup. Take your vehicle to a trusted repair facility to perform any needed maintenance before heading out. Oil changes, fluid level checks, battery tests and tire inspections go a long way toward reducing the chances of a breakdown. AAA’s Mobile Battery Service offers free battery testing for AAA members.
  • Pack an emergency kit. Every vehicle should be equipped with a well-stocked emergency kit that includes a mobile phone and car charger, a flashlight with extra batteries, a first-aid kit, a basic toolkit with tire pressure gauge and adjustable wrench, windshield washer solution, jumper cables and emergency flares or reflectors, drinking water, extra snacks and food for travelers and pets.
  • Prevent lockouts. Always take keys when exiting the car and bring a spare car key on every trip. Avoid exposing keyless-entry remote or smart keys to water and always replace the key or fob battery when recommended by the vehicle manufacturer.

Additionally, AAA reminds drivers to take the following safety precautions on the road:

  • Drive distraction-free. Do not text or engage in distracting activities while driving, including interacting with a cell phone, talking with passengers or looking at other objects in the vehicle.
  • Comply with the Move Over Law. Observe the Move Over Law when law enforcement or emergency vehicles are on the side of the road. Change lanes or slow down to give sufficient clearance. This is the law in all 50 states.
  • Pull out of the traffic lanes if your car breaks down. If faced with a vehicle emergency, safely steer your car off the roadway. Turn on the emergency flashers to alert other drivers and exit the vehicle on the side facing away from traffic if possible. Once everyone is in a safe location, request assistance from a road service provider.

Before hitting the road, AAA recommends that drivers download the free AAA Mobile app for iPhone, iPad, Android and Apple Watch. Travelers can use the app to request AAA roadside assistance, route a trip, find the lowest gas prices, access exclusive member discounts, book a hotel, and more. AAA members can also track the location of their assigned service vehicle in real time with Service Tracker. Learn more at AAA.com.

As North America’s largest motoring and leisure travel organization, AAA provides 57 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers.

Jeanette Casselano

Today’s national average price for regular unleaded gasoline is $2.35 per gallon, which is four cents less than one week and one month ago, and 14 cents more than the same date last year. Last week, 46 states saw prices drop – some by at least 9 cents – with prices remaining steady in other parts of the country. The trending decline is due to an unseasonable glut of gasoline in the U.S. market, record high refinery production rates, moderate demand and a recent drop in crude oil prices.  

Quick Stats

  • The nation’s top ten markets with the largest weekly decreases include: Ohio (-9 cents), Michigan (-9 cents), Indiana (-9 cents), Illinois (-7 cents), Delaware (-6 cents), Kentucky (-6 cents), Missouri (-6 cents), Florida (-5 cents), Kansas (-5 cents) and Maryland (-4 cents).
  • The nation’s top ten markets with the biggest changes in the last year include: Alaska (+44 cents), Hawaii (+42 cents), Washington (+40 cents), Oregon (+34 cents), New Jersey (+30 cents), New Mexico (+27 cents), Montana (+26 cents), North Dakota (+24 cents), Nevada (+21 cents) and Pennsylvania (+21 cents).

West Coast

Despite small price declines on the week, the region remains the most expensive market in the country for gasoline. The West Coast is the only region in the country where demand seems to counter oversupply. The latest Energy Information Association (EIA) report shows that regional gasoline stocks registered their largest draw in seven weeks. According to OPIS, the inventory drop indicates regional demand has increased leading into to the summer driving season and is likely to continue.

Drivers in the region have seen significant increases at the pump compared to this same time last year, with most paying on average 14 percent more for a gallon of gasoline: Alaska (+44 cents), Hawaii (+42 cents), Washington (+40 cents), Oregon (+34 cents), Nevada (+21 cents) and Arizona (+12 cents)

Rockies

Last week, Colorado ($2.33) and Utah ($2.46) saw two-cent decreases, while three states remained flat: Montana ($2.38), Wyoming ($2.33), and Idaho ($2.56). The average gas price in the region is 17 cents more expensive than this day a year ago ($2.23 vs. $2.40).

Great Lakes and Central States

The Great Lakes and Central states are seeing the biggest drops in prices this week with five regional states making the top 10 list of largest weekly declines: Ohio (-9 cents), Michigan (-9 cents), Indiana (-9 cents), Illinois (-7 cents), and Kansas (-4 cents). Two states have gas prices within pennies of May 2016 prices, including Ohio ($2.18) and Indiana ($2.17).

Historically, gasoline stocks start to fall in April, however this year the region has seen unseasonable increases in gasoline stocks, which continues to build due to low driving demand. Projections for high summer travel volume will likely cause demand to peak later this summer – July or August.

South and Southeast

Gas prices in most parts of the region dropped slightly or remained flat on the week, with the exception of Kentucky (-6 cents), Missouri (-6 cents) and Florida (-5 cents) where prices dropped by five cents or more. The region continues to lead the country as the cheapest market for retail gasoline: South Carolina ($2.06), Oklahoma ($2.07), Tennessee ($2.12), Mississippi ($2.12), Alabama ($2.12), Missouri (2.13), Arkansas ($2.13), and Louisiana ($2.15). Since January 1, 2017, South Carolina on average has had the cheapest gas in the country ($2.07).

Mid-Atlantic and Northeast

Like most parts of the country, drivers in the Mid-Atlantic and Northeast are seeing regional gasoline supplies out pace demand. Delaware (-6 cents) and Maryland (-4 cents) saw some of the country’s largest weekly declines, while Pennsylvania ($2.64), New York ($2.53) and Washington, D.C. ($2.53) held their place on the country’s top 10 list of most expensive markets. Other states saw prices remain stable or experienced small fluctuation.

Oil Market Dynamics

On Monday morning, U.S. petroleum futures were below $50 per barrel, but they have gained slightly after encouraging remarks from the Russian and Saudi Arabian energy ministers over the weekend. The energy ministers stated that there is budding consensus to extend production cuts beyond the June 30 deadline and into 2018, signaling that OPEC and non-OPEC producers are willing to take necessary steps to rebalance the market. Since the cuts were enacted, U.S. oil production has increased more than 10 percent since mid-2016 to a total of 9.3 million barrels per day and close to levels of the world’s top producers – Russia and Saudi Arabia. With some market predictions suggesting that U.S. production could soon reach 10 million barrels per day, OPEC and its partners must continue to restrict supply if their market correction goals are to be achieved. Additionally, U.S. drillers added 6 more oil rigs, bringing the total rig count to 703 and marking 16 weeks of growth, according to last week’s data from energy services firm Baker Hughes Inc. The U.S. rig count is now up a whopping 375 oil rigs when compared to last year’s count at this time. Continued increases in the supply and exploration of crude will certainly counter OPEC’s efforts to rebalance the market. Only time will tell if supply restrictions and rising demand will shorten the oversupply – and ultimately lead to higher retail prices at the pump. 

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Learn more at AAA.com/mobile.

Tamra JohnsonDaniels-Carter becomes first African-American woman to lead board of venerable 115 year old organization

BOSTON (May 2, 2017) – Announced today, Valerie Daniels-Carter, co-founder, president and chief executive officer of V&J Holding Companies Inc, the largest female food service franchise in America, has been elected chair of the AAA board of directors at the 114th AAA Annual Meeting in Boston. More than 230 delegates and club officials representing the federation’s 38 affiliated clubs in the U.S. and Canada were in attendance. Daniels-Carter, the first African-American woman to hold the distinguished post, will serve as board chair for the 57 million member, not-for-profit federation for two one-year terms.  

“This is a historical time for AAA in that it really does reflect the fact that AAA is a brand that is more than a trusted, go-to resource for millions of drivers and travelers. It’s a brand that appreciates and is appreciated by diverse communities across North America,” said Daniels-Carter. “To be the first African American female to step into this role is important to me and the association. And while AAA is more than 100 years old, we don’t act 100. I’m taking over at an exciting time, when innovations are happening every day, where AAA is taking the lead.”

Daniels-Carter, who also serves as a director on the Green Bay Packers and various other corporate boards, has been active with AAA for 22 years both in her home state of Wisconsin and nationally. She has served on multiple board committees and, most recently as audit committee chair, leading the efforts to raise the association’s collective preparedness in cybersecurity. She was elected vice chair of the AAA board in 2015.

“As a visionary and committed AAA leader, Valerie will serve the organization well, building and expanding upon the trust our members have placed in the brand for more than a century,” said Marshall Doney, president and CEO of AAA. “Valerie has played an integral role in the AAA federation, putting her considerable business acumen to work on behalf of the organization and its members. And I know that as our new chair, Valerie will help ensure AAA remains a vital part of our members’ daily lives.”

A nationally known business leader, Daniels-Carter started her franchise empire with one Burger King restaurant in 1982 and built her company into a 137-unit, multi-brand organization. A talented basketball player in her own right, Daniels-Carter has teamed up with one of the NBA’s most famous and valuable players, Shaquille O’Neal, to expand the horizons of Auntie Anne’s Famous Pretzels. Together, they have opened 30 new locations nationwide.

“I view myself as a market innovator and I look forward to helping lead the ongoing innovation and the expansion of AAA,” continued Daniels-Carter. Along with electing Daniels-Carter chair, AAA elected as vice chair, William A. Mekrut of Lincoln, Rhode Island. And joining the board for a three year term is Anthony J. Buzzelli, Pittsburgh, Pennsylvania.

Incoming Vice Chair Mekrut is vice president of finance for FM Global, one of the world’s largest commercial and industrial property insurers. He was elected to the AAA national board of directors in April 2015 and has served on the board of AAA Southern New England, now AAA Northeast, since 2008. Additionally, he serves on the holding companies affiliated with AAA Northeast – AAA Motor Club Holdings and Red Rooster Investment Company. Mekrut earned a bachelor’s degree in accounting and finance from Providence College and a master’s degree from Bryant University.

Daniels-Carter has been awarded a number of distinguishing honors including the Business Woman of the Year Frazier Network; Northwood University, Distinguished Business Leader Award; Trailblazer Award from North Milwaukee State Bank; Entrepreneurial Spirit Award presented at the Multicultural Prism Awards; Essence magazine’s Top 10 Black Female Entrepreneurs; and Black Enterprise magazine’s Women of the B.E. 100. Her company, V & J has received awards such as the Top 500 Women-Owned Businesses (Working Woman Magazine); Top 200 Restaurants in the U.S. (Restaurant Finance Monitor); and numerous other accolades, both locally and nationally.

As North America’s largest motoring and leisure travel organization, AAA provides more than 57 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. Motorists can map a route, identify gas prices, find discounts, book a hotel and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

Jeanette Casselano

Gas prices have dropped slowly on the week. Today’s national average price for a gallon of regular unleaded gasoline is $2.39, a three cents drop from one week ago; however, it is an increase of nine cents over last month and 18 cents more than this time last year. One year ago, the country was experiencing higher consumer demand and prices were increasing. Fast forward to today, consumers are still experiencing higher gas prices over last year due to the OPEC agreement, but we are not seeing substantial increases at the pump due to increased gasoline inventories and low demand across the country.

Quick Stats

  • The nation’s top ten least expensive markets are: South Carolina ($2.09), Oklahoma ($2.10), Mississippi ($2.15), Tennessee ($2.15), Arkansas ($2.15), Alabama ($2.16), Missouri ($2.18), Louisiana ($2.18), Virginia ($2.20) and Kansas ($2.22).
  • The nation’s top ten markets with the largest weekly decreases include: Indiana (- 13 cents), Ohio (-10 cents), Michigan (-10 cents), Kentucky (-7 cents), Illinois (-6 cents), Oklahoma (-5 cents), Delaware (-4 cents), Florida (-4 cents), Kansas (-4 cents) and Wisconsin (-4 cents).

West Coast

Gasoline prices on the West Coast are flat from a week ago, but continue to reign as the most expensive in the country: Hawaii ($3.08), California ($3.00), Alaska ($2.92), Washington ($2.91), Oregon ($2.76) and Nevada ($2.71). On the West Coast, gasoline inventories are substantial, about 2.7 million bbl higher than the five-year average. The inventory spike is likely a result of refiners’ robust gasoline production in March and a strong April import schedule. Even with the region’s substantial gasoline inventories contributing to this week’s price stabilization, prices at the pump are, on average, 38 cents more than this time last year for West Coast consumers.

Rockies

Two states in the Rockies saw gas prices increase, albeit by pennies: Idaho (+1 cent) and Montana (+1 cent), while Colorado and Wyoming gas prices remain flat. The region tends to be among the most stable in the nation due to their insulated status in the center of the country and few disruptions to regional production over the past few weeks.

Great Lakes and Central States

With decreases as much as 13 cents, prices at the pump have dropped in the Great Lakes and Central States. In the region, six states made the top ten list of largest weekly decline: Indiana (- 13 cents), Ohio (-10 cents), Michigan (-10 cents), Illinois (-6 cents), Kansas (-4 cents) and Wisconsin (-4 cents).

Overall, the region is seeing gasoline demand flatten while production grows. Currently, the region’s gasoline stocks are about 1-2 million bbl higher than levels in the last two years and could potentially increase as the region is typically a receiver of other regional gasoline during the summer driving season.

South and Southeast

Nearly a dozen South and Southeast states have seen gas prices decline since last week: Florida (-4 cents), Missouri (-4 cents), Texas (-3 cents), South Carolina (-3 cents), Georgia (-3 cents), Mississippi (-2 cents), Louisiana (-2 cents), Alabama (-2 cents), Tennessee (-2 cents) and Arkansas (-2 cents).

Across the board, demand for gasoline in 2017 is lower than 2016, but prices are higher. South and Southeast states reign with the country’s least expensive gas prices: South Carolina ($2.09), Oklahoma ($2.10), Mississippi ($2.15), Tennessee ($2.15), Arkansas ($2.15), Alabama ($2.16), Missouri ($2.18) and Louisiana ($2.18).

 

Mid-Atlantic and Northeast

Pennsylvania ($2.64), New York ($2.53), Washington, DC ($2.53), Connecticut ($2.52) and Vermont ($2.43) are among the country’s 15 most expensive markets. Despite the high prices, some Mid-Atlantic and Northeast states saw prices drop on the week: Delaware (-4 cents), Maryland (-4 cents), North Carolina (- 3 cents), Washington, D.C. (-3 cents), Virginia (-3 cents) New Jersey (-2 cents), Pennsylvania (-2 cents) and West Virginia (-1 cent). Other states saw prices remain stable or fall by a penny or less. Compared to one month ago, a bulk of Mid-Atlantic and Northeast states are paying at least 14 cents more for a gallon of gasoline.

Oil Market Dynamics

At the close of trading Friday, April 28, on the NYMEX, WTI increased 36 cents to settle at $49.33. The below $50 price per barrel can be partly attributed to increasing crude oil stocks. According to energy services company Baker Hughes, the U.S. added nine oil rigs last week, putting the total at 697 – the largest number of rigs since April 2015. Increased production from the U.S. comes ahead of talks to extend a production cut agreement from OPEC and non-OPEC countries, which is scheduled to end on June 30. The countries in the agreement will meet on May 25 in Vienna, Austria to discuss whether to end or extend the supply reduction.

On Monday morning, US petroleum futures were down, reflecting continued concern about growth in U.S. production. However, there is reason to believe that continued low price per barrel is reducing global investment in oil exploration, which could lead to tighter supplies moving forward. Last week, the International Energy Agency released information that revealed global oil discoveries fell to a record low in 2016, as companies continued to cut spending and conventional oil projects were at their lowest level in 70 years. Deepwater offshore exploration, which accounts for almost a third of crude oil production and is a crucial component of future global supplies, has been particularly hard hit by the industry’s slowdown. In 2016, only 13 percent of all drilling of conventional resources was offshore, compared with more than 40 on average between 2000 and 2015. This reduction could lead to higher prices per barrel, assuming demand continues to grow and the market experiences further constrained crude stocks.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Learn more at AAA.com/mobile.

Julie HallAAA survey reveals an estimated 22 million Americans will take a culinary vacation this year

ORLANDO, Fla. (April 26, 2017) – Food and dining are becoming a more central part of many travelers’ vacation experiences. In fact, AAA’s latest travel survey found that an estimated 22 million Americans expect to take a culinary-focused vacation in the next 12 months. Seventy-five percent of Americans feel that food and dining are an important part of their travel experiences and four in five say they have engaged in such unique activities as touring wineries and distilleries, eating with local families and engaging in hands-on experiences such as cooking classes led by local chefs while traveling.

Additional Resources

  • Infographics: 1 | 2

“There is no better way to learn about a destination and immerse yourself in the local culture than by experiencing its unique food and dining customs,” said Bryan Shilling, AAA managing director of Travel Products and Services. “When planning a culinary vacation, seek the advice of a trusted travel advisor, who can help customize a trip that matches the individual traveler’s dining preferences.”

The younger generation is particularly interested in culinary travel, with 88 percent of millennials having participated in food-related experiences while vacationing, outpacing members of Generation X and Baby Boomers. In fact, 43 percent of AAA travel agents report a recent increase in the number of members planning culinary-focused vacations, with most planning foodie trips to Italy, France and Spain. Ironically, however, travel agents also say that one of the top mistakes travelers make when preparing for an international trip is not planning their meals and activities in advance.

“Travelers spent an average of $63 per person, per day on food and dining purchases during their last vacation,” continued Shilling. “Meals can quickly become a significant portion of a family’s vacation budget. That’s why planning ahead is key to enjoying a memorable culinary vacation.”

Travelers can find thousands of AAA Diamond Rated restaurants across the United States, Canada, Mexico and the Caribbean through the AAA Travel Guides and TripTik Travel Planner tool on AAA.com and in the AAA Mobile app. All restaurants must meet and uphold rigorous minimum standards to pass an anonymous inspection and be approved by AAA. A rating of One to Five Diamonds is then assigned to describe the complexity of the restaurant’s service, décor and food. The Diamond Ratings help diners find restaurants that offer the kind of experience they prefer, whether they want affordable, family-friendly establishments or to indulge in luxurious menu offerings and first-class service. For more information, visit AAA.com/Diamonds.

AAA’s report presents the findings of a telephone survey (landline and cell phone) consisting of 1,013 adults living in the continental United States. Interviewing for this survey was conducted March 9-12, 2017. This study has an average statistical error of ±3.8 percent at the 95 percent confidence level for all U.S. adults. Additionally, AAA/CAA travel executives responded to an online survey conducted Feb. 10-24, 2017. Each travel executive was asked to respond on behalf of all travel agents at their club, and responses were weighted by the number of full-time travel agents at that club. The club travel executive survey represents the input of 2,110 AAA/CAA travel agents.

As North America’s largest motoring and leisure travel organization, AAA provides more than 57 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. Motorists can map a route, identify gas prices, find discounts, book a hotel and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

Jeanette Casselano

Today’s national average price for a gallon of regular unleaded gasoline is $2.42, which is an increase of 13 cents over last month and 29 cents more than this time last year. As gas prices continue to reach new heights and hit an all-time high for the year, the summer demand has not kicked in, meaning consumers can expect the price at the pump to continue to rise for coming weeks. Based on recent American Petroleum Institute reports, U.S. gasoline deliveries in March were the second highest March deliveries ever recorded, confirming the forecast that demand is on track for the summer.

Quick Stats

  • The nation’s top ten least expensive markets are: South Carolina ($2.12), Oklahoma ($2.15), Mississippi ($2.17), Tennessee ($2.17), Arkansas ($2.17), Alabama ($2.18), Louisiana ($2.20), Missouri ($2.22), Virginia ($2.23) and Texas ($2.26)
  • The nation’s top ten markets with the largest weekly increases include: Utah (+9 cents), Ohio (+7 cents), Idaho (+5 cents), Alaska (+5 cents), Massachusetts (+4 cents), Connecticut (+4 cents), Indiana (+4 cents), New Hampshire (+4 cents), Rhode Island (+4 cents) and Florida (+4 cents)

West Coast

The West Coast continues to lead the country with the most expensive gas: Hawaii ($3.08), California ($3.01), Alaska ($2.94), Washington ($2.91), Oregon ($2.77) and Nevada ($2.71).

Rockies

Across the region, the Rockies saw an upward trend in gas prices. Utah (+9 cents) and Idaho (+6 cents) landed on this week’s largest price increase list. Typically, during the summer time, the region becomes short on gasoline inventory and has a tendency to see prices move up rather sharply. Drivers in other parts of the region saw relatively small increases: Montana (+2 cents), Wyoming (+2 cents) and Colorado (+1 cent).

Great Lakes and Central States

Despite declines a week ago, drivers in the Great Lakes and Central States saw prices increase with Ohio (+7 cents) and Indiana (+4 cents) landing on this week’s top 10 list for largest increases. With the 12th most expensive gas in the country, Michigan consumers are paying $2.52 at the pump, up +2 cents from last week. Elsewhere in the region, gas prices remained stable. The latest Energy Information Administration report shows that the region’s refiners raised capacity by 23,000 b/d last week, while gasoline stocks in the region dropped by 1.5 million bbl to 56 million bbl. The decline resulted in the lowest posted inventory numbers for the region in nearly three months.

South and Southeast

With area market inventories jumping by 2.5 million bbl, gas prices in the South and Southeast remained steady on the week. High gasoline inventories and low demand are causing some markets to lower prices. Prices fell by one penny from a week ago in South Carolina, Texas, North Carolina, Georgia, Arkansas and Louisiana. As we await the onset of the summer driving season, AAA predicts there are plenty of opportunities for demand to tap into the country’s excess supply and the price of gas to continue to rise.

As on trend, this region carries the country’s least expensive gas prices: South Carolina ($2.12), Oklahoma ($2.15), Mississippi ($2.17), Tennessee ($2.17), Arkansas ($2.17), Alabama ($2.18), Louisiana ($2.21) and Missouri ($2.22). 

Mid-Atlantic and Northeast

This week, four states in the region landed on the top 10 list of biggest increases: Massachusetts (+4 cents), Connecticut (+4 cents), New Hampshire (+4 cents) and Rhode Island (+4 cents), while Pennsylvania ($2.64), Washington, DC ($2.55) and New York ($2.52) held their spot on the list of top 10 most expensive markets.

Consumers will likely continue to see gas prices increase as we enter the peak of summer driving season. Looking further ahead, there is early indication that the start of the Dakota Access Pipeline could impact Northeast gas prices with the potential for crude prices to rise as a result of more competition in the market looking to sell crude oil.

Oil Market Dynamics

At the close of trading last week, WTI crude oil futures fell $1.09 to settle just under $50 per barrel. One of the leading reasons for the drop was skepticism about whether the Organization of the Petroleum Exporting Countries (OPEC) and other producers would extend their pledge to cut output by 1.8 million bbl by another six months. In particular, the market is still unsure if Russia will agree to an extension deal beyond June 30, which could add dramatically to already bloated global inventories.

On Monday morning, U.S. petroleum futures were trading higher across the board, with WTI recovering after costly losses last week. This rebound follows last week’s EIA report that showed gasoline inventory building across the country, which can be attributed to higher import levels and blending activity. While spring stock-building is a normal trend to account for the peak summer demand, the counter-seasonal build is likely pressuring markets and increasing pump prices. Additionally, last week’s Baker Hughes oil rig count report showing the U.S. adding 5 rigs, bringing the total rig count to 688 — is further evidence of increased U.S. production. Traders will look closely at this week’s numbers from key indicators of supply to determine if the market will rebalance in the near term.

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Learn more at AAA.com/mobile.

Consumer Appetite for Electric Vehicles Rivals Pickups

April 18th, 2017 by Jessica Souto

ErinSteppAAA unveils top electric, hybrid and fuel-efficient vehicles

ORLANDO, Fla. (April 18, 2017) – Despite lower gas prices, a new AAA study reveals that consumer interest in electric vehicles remains high, with the survey showing that more than 30 million Americans are likely to buy an electric vehicle for their next car. With rising sales, longer ranges and lower costs, AAA predicts a strong future for electric vehicles, and announces the top electric, hybrid and other efficient vehicles in its independent, rigorous test-track evaluation.

Additional Resources

“With their lower ownership costs and compatibility with emerging autonomous technologies, electric vehicles are poised to be a key vehicle of the future,” said Greg Brannon, AAA’s director of Automotive Engineering. “Tesla — a standout in AAA’s evaluations — has helped widen the appeal of electric vehicles by showing they can be stylish, performance-focused and filled with cutting-edge technology.”

Despite the fact that gas prices are about 40 percent lower than five years ago, AAA found that consumer interest in electric vehicles and hybrids has not waned. In fact, the number of Americans interested in an electric vehicle approaches the number planning to purchase a pickup truck, with the survey showing that 15 percent are likely to buy an electric vehicle for their next car. Millennials are even more accepting of electric vehicles, with nearly one-in-five interested in going electric for their next car.

Concern for the environment remains the primary motivating factor for electric vehicle shoppers, but AAA also found that lower long-term costs, desire for the latest technology and access to car pool lanes are all influential. With their extended range and flexibility, hybrid vehicles are also desirable to Americans, with nearly one third (32 percent) likely to buy the gasoline- and battery-powered alternative.

Beyond electric and hybrid vehicles, AAA’s survey found that fuel economy remains a major purchase consideration for all U.S. drivers, with 70 percent rating it as an important factor in selecting any vehicle – equal to the importance of the cost, crash rating and performance – ahead of safety technology (50%), brand (48%), style, color and design (46%) and smartphone connectivity (34%).

With a focus on the future, the Automobile Club of Southern California’s Automotive Research Center rates and ranks electric vehicles, hybrids, compressed natural gas-powered (CNG), diesels and high fuel economy gasoline-powered vehicles for the annual AAA Green Car Guide.  Vehicles are rated on the criteria that matter most to car buyers, including ride quality, safety and performance.

“While desire for green vehicles is strong, making the leap to an electric, hybrid or other fuel efficient vehicles can be daunting to car shoppers,” said Megan McKernan, manager of Automotive Research Center. “AAA’s rigorous evaluations help take the guesswork out by providing an unbiased evaluation of these vehicles based on more than a dozen individual criteria.”  

In 2017, the following vehicles earned AAA’s Top Green Vehicle award:

Category Winner
Overall Tesla Model X 75D
Subcompact Car Chevy Bolt EV Premier
Compact Car Volkswagen e-Golf SE
Midsize Car Lexus GS 450h F Sport
Large Car Tesla Model S 60
Pickup Ford F150 XLT Super Crew
SUV Tesla Model X 75D

Winners, detailed evaluation criteria, vehicle reviews and an in-depth analysis of the green vehicle industry can be found at AAA.com/greencar.

While electric vehicles are an attractive option for car shoppers, AAA found that more than half of Americans are hesitant to make the switch due to “range anxiety” – the concern over running out of charge or having too few locations to charge a vehicle. This fear persists despite the fact that U.S. drivers report an average round-trip commute length (31 miles) and time (46 minutes) that are well within the range of the more than 100 miles of range that most electric vehicles offer.

“Range anxiety stems from seeing gas stations, not charging stations, on every corner,” continued Brannon. “While electric vehicles may not yet fit every lifestyle, the number of charging stations has quadrupled over the last five years and battery ranges support average commutes.”

To assist with range anxiety, drivers of electric vehicles can find the closest charging station via the AAA Mobile app or AAA’s TripTik Travel Planner. In 2017, charging station availability has grown to more than 15,000 locations across the United States.

Additional survey data, study methodology, infographics, photos and video can be found at NewsRoom.AAA.com.

As North America’s largest motoring and leisure travel organization, AAA provides more than 57 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. Motorists can map a route, identify gas prices, find discounts, book a hotel and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

Podcasts

B-Roll

YouTube Videos

AAA Senior Driver Expos

NewsRoom Video Gallery

Media: Find and Download AAA Videos and B Roll.