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Fuel,UncategorizedOctober 26, 2020Gasoline Demand Drops to Lowest Level in Four Months
Gasoline demand has dropped significantly since the beginning of the month, down from 8.8 million b/d to 8.2 million b/d, according to the latest Energy Information Administration (EIA) report. This latest demand measurement is the lowest since mid-June. While the drop isn’t out of the ordinary for this time of year, people tend to drive... More »
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UncategorizedOctober 19, 2020U.S. Gasoline Demand, Supply and Imports Decline on the Week Along with Gas Prices
Gasoline demand, according to the Energy Information Administration (EIA), back tracked for the week ending Oct. 9, decreasing from 8.90 million b/d to 8.58 million b/d. Lower demand, even as total domestic stocks decreased by 1.6 million bbl to 225.1 million bbl and imports fell to their lowest rate since Sept. 18, has contributed to... More »
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TravelOctober 15, 2020Americans Planning Fall Travel with Cautious Optimism
ORLANDO, Fla. (October 15, 2020) – According to a recent AAA Travel survey, American travelers are making vacation plans through the end of the year, but remain cautiously optimistic about those future plans. Sixty-seven percent of U.S. adults planning a vacation before the end of the year report some degree of uncertainty they will actually... More »
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FuelOctober 12, 2020Supply Continues to Outpace Demand at Benefit to Motorists
Over the weekend Hurricane Delta made landfall in southwestern Louisiana as a category 2 hurricane. While the storm caused some disruptions, refineries are reporting operations have resumed. The Colonial Pipeline Line 1, the main gas line, was down temporarily over the weekend due to loss of power, which has since been restored as well as... More »
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FuelOctober 05, 2020National Average at Cheapest Start to October Since 2016
At $2.18, the national gas price average is at the cheapest start to the month of October since 2016. That average is the same as a week ago, four cents cheaper than the start of this past September and nearly 50 cents cheaper than last year. The national average held on the week as demand... More »
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FuelSeptember 28, 2020
National Average Holds Steady as Demand Grows Slightly
The latest Energy Information Administration (EIA) report measures demand at 8.52 million b/d, which is a slight uptick from the previous week’s 8.48 million b/d. However, the small increase is still 850,000 b/d lower than last year at this time. “Low demand, even as gasoline stocks decline, has helped pump prices decline or hold steady... More »
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