On the week, gasoline demand, as estimated by the Energy Information Administration (EIA), increased 10% from 7.8 million bbl to 8.6 million bbl. While the demand rate is much lower than a typical summer reading, it’s the highest recorded since late March showing continued signs that Americans are filling up more.

“The increase in gasoline demand contributed towards the national gas price average’s four cent jump to $2.17. While that average will continue to increase ahead of the Independence Day holiday weekend, travelers will find pump prices about 50 cents cheaper than last year’s holiday,” said Jeanette Casselano, AAA spokesperson.

AAA did not release an Independence Day holiday travel forecast this year, but does forecast that Americans will take 683 million road trips from July 1 – September 30. Before you hit the road for the holiday or a summer trip, AAA recommends:

• Make sure your vehicle is road trip ready – have your engine and oil levels checked.
• Include an emergency road kit in your vehicle with an extra cell phone charger, first-aid kit, a blanket, flashlight, basic tools, jumper cables, and gloves.
• Visit AAA’s COVID-19 Travel Restrictions Map at TripTik.AAA.com for the latest state and local travel restrictions.
• Pack face coverings, cleaning supplies and a thermometer.
• Take all necessary travel documentation, including health insurance cards.

Quick Stats

• The nation’s top 10 largest weekly increases: Kentucky (+9 cents), Michigan (+9 cents), West Virginia (+9 cents), North Carolina (+8 cents), Colorado (+8 cents), Indiana (+8 cents), South Carolina (+7 cents), Pennsylvania (+7 cents), Minnesota (+6 cents) and Georgia (+6 cents).
• The nation’s top 10 largest monthly increases: Colorado (+41 cents), Montana (+35 cents), West Virginia (+28 cents), Kansas (+28 cents), Kentucky (+27 cents), North Dakota (+27 cents), Delaware (+27 cents), South Carolina (+26 cents), Texas (+24 cents) and North Carolina (+24 cents).

Mid-Atlantic and Northeast

Mid-Atlantic and Northeast states saw fairly large pump price jumps compared to recent weeks with increases ranging from 4 to 9 cents. West Virginia (+9 cents), North Carolina (+8 cents) and Pennsylvania (+7 cents) saw the biggest increases in the region and land on this week’s top 10 largest weekly increases list. All other states saw prices fluctuate between four and eight cents with the exception of New York (+2 cents).

With the exception of Virginia ($1.96), all Mid-Atlantic and Northeast state averages are $2 per gallon or more. Pennsylvania ($2.43) carries the most expensive average in the region and also lands on this week’s respective top 10 most expensive markets list in the country.

Most states in the region saw smaller increases at the pump likely due to the large increase in gasoline stocks, which added 1.3 million bbl, according to EIA data. Regional gasoline stocks sit at 75.4 million bbl. Gas prices are likely to increase for most states in the region, but the tri-states – New York, New Jersey and Connecticut – may see smaller jumps due to the requirement that travelers from states with high coronavirus rates quarantine upon arrival.

Rockies

All states in the Rockies region saw gas prices increase, but there was volatility to how expensive they pushed: Colorado (+8 cents), Montana (+5 cents), Wyoming (+4 cents) and Idaho (+2 cents). State gas price averages in the region rank among the most expensive in the country, with Colorado ($2.46) and Idaho ($2.34) landing on this week’s top 10 list.

The larger jumps in pump prices are a little surprising as regional gasoline stocks held steady at 7.3 million bbl and refinery rates increased by 2%. Changes like these typically lead to less volatility, which could be seen in the week ahead.

 West Coast

Pump prices across the West Coast region increased last week, and prices likely are poised for more increases ahead of the holiday weekend. Alaska and Arizona the saw largest increases in the region at +5 cents. Hawaii ($3.18) and California ($3.07) remain the most expensive markets in the country. Washington ($2.72), Nevada ($2.61), Oregon ($2.59), Alaska ($2.48) and Arizona ($2.34) follow.

According to EIA’s latest weekly report, total gas stocks in the region increased slightly from 30.1 million bbl to 30.2 million bbl last week. Increasing stocks, alongside increasing demand, may help to slow pump price increases this week in the region.

South and Southeast

This Independence Day holiday weekend motorists will find the cheapest gas prices in the South and Southeast region. On the week, New Mexico ($2.01) and Florida ($2.02) are the only states in the region with an average greater than $2 per gallon and to see increases less than a nickel. Pump prices jumped as much as nine cents for all other states in the region on the week.

Stocks saw a minimal draw of 700,000 bbl to push total stock levels to 90.1 million bbl. The region could see a large draw next week, following the holiday weekend, which could cause gas prices to increase ahead of the holiday. However, gas demand could decrease in states in the region that see an increase in coronavirus infections, which could delay reopening plans.  

Great Lakes and Central States

It was a volatile week at the pump across the Great Lakes and Central States. Kentucky (+9 cents), Michigan (+9 cents) and Minnesota (+6 cents) saw the largest increases in the region and land on the top 10 list for largest weekly jumps in the country.

Gasoline stocks in the region saw a substantial 1.9 million bbl draw, which is one reason for the fluctuation in gas prices. However, refinery rates saw the largest increase, at 7%, of any region in the country, according to EIA data, which could lead to a build in stocks in the agency’s next report and smaller increases at the pump.

Oil Market Dynamics

 At the end of Friday’s formal trading session, WTI decreased by 23 cents to settle at $38.49 per barrel. Domestic crude prices pushed cheaper last week due to an increase in new coronavirus infections worldwide, which could suppress crude demand if stay at home orders increase. For this week, crude prices could continue to decline if the market continues to worry that efforts to stimulate the global economy will falter because of uncontained outbreaks.

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.

The rate at which gas prices are increasing across the country is slowing. Thirty states only saw an increase of a penny or two, causing the national average to push more expensive by three cents to $2.13 since last Monday.

The slower rate can be tied to demand. Measuring at 7.87 million b/d, gasoline demand saw a small week-over-week decline and continues to be significantly lower (21%) compared to this week last year.

“Demand levels are likely to ebb and flow in the coming weeks as people continue to be cautious about travel,” said Jeanette Casselano, AAA spokesperson. As a result, pump prices will likely continue to increase, but at a slower rate through the end of the month.

Today’s national average is 19 cents more expensive than a month ago, but remains significantly cheaper – 53 cents – than a year ago.

Quick Stats 

• The nation’s top 10 largest weekly increases: Delaware (+10 cents), West Virginia (+9 cents), North Dakota (+9 cents), Montana (+8 cents), Washington, D.C. (+6 cents), Virginia (+6 cents), Colorado (+6 cents), Ohio (+6 cents), Maryland (+5 cents) and Wisconsin (+5 cents).

• The nation’s top 10 least expensive markets: Mississippi ($1.76), Louisiana ($1.79), Alabama ($1.83), Arkansas ($1.83), Texas ($1.83), Oklahoma ($1.84), Missouri ($1.85), South Carolina ($1.86), Tennessee ($1.89) and Kansas ($1.92).

Rockies

Montana (+8 cents) and Colorado (+6 cents) had the largest jumps in the region, which also landed both states on the country’s top 10 list again this week. The Rockies region’s three other state averages only saw changes of just a few cents, including a decline: Utah (-1 cent), Idaho (+2 cents) and Wyoming (+3 cents).

At the start of the week, state averages are: Colorado ($2.38), Idaho ($2.32), Utah ($2.26), Montana ($2.12) and Wyoming ($2.07).

Regional gasoline stocks dipped by a small 340,000 bbl to drop total levels to 7.3 million bbl. The EIA reports regional refinery utilization saw a second week of significant increase, jumping up to 82%. That is a 13% increase since the week ending May 22. The increase in utilization will likely yield higher stocks and in turn help to minimize pump price increases.

 West Coast

Pump prices in the West Coast region mostly increased last week, and prices likely are poised for more increases this week. Nevada (+5 cents) saw largest increase in the region, while Hawaii (-2 cents) saw the only decline. Hawaii ($3.16) and California ($3.04) remain the most expensive markets in the country. Washington ($2.68), Nevada ($2.58), Oregon ($2.57), Alaska ($2.43) and Arizona ($2.29) follow.

According to EIA’s latest weekly report, total gas stocks in the region increased slightly from 30.1 million bbl to 30.2 million bbl last week. Increasing stocks, alongside increasing demand, may help to slow pump price increases this week in the region.

South and Southeast

State gas price averages in the South and Southeast region only increased a few pennies on the week. While Florida ($2.02) remains the only state in the region with an average greater than $2 per gallon, New Mexico ($1.98) and Georgia ($1.92) are likely the next states to break this threshold. At $1.76, Mississippi carries the cheapest average in the region and country.

After a few weeks of stock builds, the EIA reports the South and Southeast region saw a draw of just under 1 million bbl. Total stocks drop down to 90.8 million bbl, which is still a significant 10 million bbl surplus. The rate at which gas prices increase has started to slow in the region, which is likely to continue to be the trend for the rest of the month, although a spike ahead of the July 4 holiday weekend can’t be ruled out.

Mid-Atlantic and Northeast

Weekly increases were minimal – one to three cents – for the majority of the region with the exception of these three states: Delaware (+10 cents), West Virginia (+9 cents) and Maryland (+5 cents).

For motorists filling up within the Mid-Atlantic and Northeast region, they can expect to find state averages fluctuating from a high of $2.36 in Pennsylvania to a low of $1.92 in Virginia.

The prior week’s nearly 1 million bbl build was wiped out with a draw of 1 million bbl according to EIA data for the week ending June 12. Regional gasoline stocks sit at 74.1 million bbl as refinery utilization dipped just under 50%. AAA expects the region to see gas prices continue to increase in the weeks ahead, especially as more Americans feel comfortable traveling.

Great Lakes and Central States

As forecasted, the bulk of the region saw smaller increases on the week at three cents or less, although two Great Lakes and Central states landed on the top 10 list for largest weekly jumps: North Dakota (+9 cents) and Ohio (+6 cents).

The region was just one of two to see stocks build. According to the EIA, stocks increased by 455,000 bbl to push total levels to 54.5 million bbl. On trend with the rest of the country, gas prices in the region will continue to increase, though at a slower rate, in the week ahead.

Oil Market Dynamics

At the end of Friday’s formal trading session, WTI increased by 91 cents to settle at $39.75 per barrel. Domestic crude prices increased at the end of last week amid increased market optimism regarding trade relations between the U.S. and China and greater focus on compliance with the production reduction agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its partners, including Russia, which has worked to cut global crude production by 9.7 million b/d since May 1, 2020. It remains unclear if OPEC’s agreement will extend into August; it is currently set to expire at the end of July. For this week, crude prices will likely remain volatile as the market assesses if global crude demand will decrease due to a spike in new coronavirus infections worldwide.

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.

(May 12, 2020) – AAA, Consumer Reports, J.D. Power and the National Safety Council commends SAE International in its endorsement of common naming of advanced driver assistance systems as well as its consideration to revise the SAE J3063 Standard to directly support the effort of clearing the confusion for consumers regarding new vehicle technology. For the full announcement from SAE, click here.

The most current list of common ADAS naming can be found here.

The most since 2005; INRIX predicts record delays on Wednesday

ORLANDO, Fla. (Nov. 14, 2019) – More than 55 million travelers are making plans to kick off the holiday season with a trip of 50 miles or more away from home this Thanksgiving. This will be the second-highest Thanksgiving travel volume since AAA began tracking in 2000, trailing only the record set in 2005. Overall, an additional 1.6 million more people will travel compared with last year, a 2.9% increase. The vast majority of holiday travelers will drive to their destinations and, INRIX, a global transportation analytics company, expects Wednesday afternoon to be the worst travel period nationally, with trips taking as much at four times longer than normal in major metros.

Additional Resources

• Forecast report
• Graphics

“Millions of thankful Americans are starting the holiday season off right with a Thanksgiving getaway,” said Paula Twidale, vice president, AAA Travel. “Strong economic fundamentals are motivating Americans to venture out this holiday in near-record numbers. Consumer spending remains strong, thanks to increasing wages, disposable income and household wealth, and travel remains one of their top priorities for the holiday season.”

By the numbers: 2019 Thanksgiving travel forecast

• Automobiles: 49.3 million travelers will hit the road this Thanksgiving, the most since 2005 and 2.8% more than last year.
• Planes: With 4.6% growth, air travel will see the biggest increase in travel volume during the Thanksgiving holiday, with 4.45 million Americans expected to fly.
• Trains, Buses and Cruise Ships: Travel by other modes will reach 1.49 million, a slight increase of 1.4% from 2018.

Nothing worse than Wednesday: Times NOT to be on the road

For the 49.3 million Americans traveling by automobile, INRIX, in collaboration with AAA, predicts major delays throughout the week, peaking Wednesday with trips taking as much four times longer as commuters mix with travelers.

“With record levels of travelers, and persistent population growth in the country’s major metropolitan areas, drivers must prepare for major delays,” said Trevor Reed, transportation analyst at INRIX. “Although travel times will peak on Wednesday afternoon nationally, travelers should expect much heavier than normal congestion throughout the week.”

Source: INRIX

Lower gas prices fuel road trips; AAA to rescue more than 368,000

Gas prices have been fluctuating as of late, but are currently cheaper than the national average at this time last year, giving Americans a little extra money to spend on travel and motivating millions to take road trips. For the majority of Americans, AAA expects gas prices to be fairly similar to last year’s Thanksgiving holiday, which averaged $2.57.

Meanwhile, more than 368,000 motorists will call AAA for assistance at the roadside this Thanksgiving holiday. Dead batteries, flat tires and lockouts will be the leading reasons AAA members will experience car trouble. AAA recommends motorists take their vehicles to a trusted repair facility to perform any needed maintenance before heading out on a road trip. And remember to slow down and move over for stopped emergency vehicles at the roadside.

Travel tip for the friendly skies: Fly Monday before Thanksgiving

A recent analysis of AAA’s flight booking data from the last three years revealed that flying the Monday before the Thanksgiving travel rush is the best option for travelers. It has the lowest average ticket price ($486) prior to the holiday and is a lighter travel day than later in the week. Travelers can also save by traveling on Thanksgiving Day, which has the week’s lowest average price per ticket ($454).

Car rental costs peak, hotel prices mixed

Holiday road trippers should budget more for a rental car this year, which have reached their highest prices on record for the Thanksgiving holiday (since 1999), at $75 per day. Travelers will also pay a bit more at AAA Two Diamond hotels, where prices are 1% more than last year, or $125 per night. Conversely, the average rate for AAA Three Diamond hotels has fallen 5% to an average nightly cost of $158.

Warm weather beckons this Thanksgiving

The theme parks of Orlando and southern California, and other warm-weather destinations will see an influx of travelers looking to escape the start of winter. Florida is home to four of the top 10 destinations, and Hawaii twice graces the list of top destinations in the U.S. this Thanksgiving, based on advance AAA Travel bookings:

1. Orlando, Florida
2. Anaheim, California
3. New York, New York
4. Las Vegas, Nevada
5. Honolulu, Hawaii
6. Lauderdale, Florida
7. Tampa, Florida
8. Kahului, Maui, Hawaii
9. Phoenix, Arizona
10. Miami, Florida

For those travelers planning an international vacation for Thanksgiving, sandy beaches are their destinations of choice. Nassau, Bahamas; Cancun, Mexico; Punta Cana, Dominican Republic; and Montego Bay, Jamaica are AAA’s top international destinations this Thanksgiving, with Munich, Germany rounding out the top five.

AAA’s travel experts remind travelers that it’s not too late to begin planning a Thanksgiving getaway. Visit AAA.com/Travel for travel planning resources to book your trip today.

Methodology:

AAA’s projections are based on economic forecasting and research by IHS Markit, a London-based business information provider. For the purposes of this forecast, the Thanksgiving holiday travel period is defined as the five-day period from Wednesday, Nov. 27 to Sunday, Dec. 1.

In cooperation with AAA, IHS Markit developed a unique methodology to forecast actual domestic travel volumes, using macroeconomic drivers such as employment; output; household net worth; asset prices including stock indices; interest rates; housing market indicators and variables related to travel and tourism, including prices of gasoline, airline travel and hotel stays.

About AAA:

AAA provides more than 60 million members with automotive, travel, insurance and financial services through its federation of 34 motor clubs and more than 1,000 branch offices across North America. Since 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for safe mobility. Drivers can request roadside assistance, identify nearby gas prices, locate discounts, book a hotel or map a route via the AAA Mobile app. To join, visit AAA.com.

About INRIX:
INRIX is the global leader in connected car services and transportation analytics. Leveraging big data and the cloud, INRIX delivers comprehensive services and solutions to help move people, cities and businesses forward. Our partners are automakers, governments, mobile operators, developers, advertisers, as well as enterprises large and small.

Media contacts:

AAA
Julie Hall, APR
(407) 444-8003
juhall@national.aaa.com

INRIX
Mark Burfeind
(425) 284-3825
mark.burfeind@inrix.com

Study finds safety systems fail at night when the majority of pedestrian vehicle fatalities occur

Additional Resources

• Fact sheet
• Full research report
• Media Gallery (Graphics and Photos)
• B-roll

ORLANDO, Fla. (Oct. 3, 2019) – New research from AAA reveals that automatic emergency braking systems with pedestrian detection perform inconsistently, and proved to be completely ineffective at night. An alarming result, considering 75% of pedestrian fatalities occur after dark. The systems were also challenged by real-world situations, like a vehicle turning right into the path of an adult. AAA’s testing found that in this simulated scenario, the systems did not react at all, colliding with the adult pedestrian target every time. For the safety of everyone on the road, AAA supports the continued development of pedestrian detection systems, specifically when it comes to improving functionality at night and in circumstances where drivers are most likely to encounter pedestrians.

On average, nearly 6,000 pedestrians lose their lives each year, accounting for 16% of all traffic deaths, a percentage that has steadily grown since 2010.

“Pedestrian fatalities are on the rise, proving how important the safety impact of these systems could be when further developed,” said Greg Brannon, AAA’s director of Automotive Engineering and Industry Relations. “But, our research found that current systems are far from perfect and still require an engaged driver behind the wheel.”

While time of day and location are contributing factors to pedestrian fatalities, vehicle speed also plays a major role. Previous research from the AAA Foundation for Traffic Safety found that pedestrians are at greater risk for severe injury or death the faster a car is traveling at the time of impact. For example, a pedestrian hit by a vehicle traveling at 20 mph has an 18% risk of severe injury or death. Increase that by just 10 mph to 30 mph and the risk more than doubles to 47%. AAA’s latest study found that speed impacted system performance as well, with results varying between testing performed at 20 mph and 30 mph.

In partnership with the Automobile Club of Southern California’s Automotive Research Center, AAA evaluated the performance of four midsize sedans equipped with automatic emergency braking with pedestrian detection to determine the effectiveness of these systems. Testing was conducted on a closed course using simulated pedestrian targets for the following scenarios:

• An adult crossing in front of a vehicle traveling at 20 mph and 30 mph during the day and at 25 mph at night.
• A child darting out from between two parked cars in front of a vehicle traveling at 20 mph and 30 mph.
• A vehicle turning right onto an adjacent road with an adult crossing at the same time.
• Two adults standing along the side of the road with their backs to traffic, with a vehicle approaching at 20 mph and 30 mph.

Overall, the systems performed best in the instance of the adult crossing in front of a vehicle traveling at 20 mph during the day. In this case, the systems avoided a collision 40% of the time. But, at the higher speed of 30 mph, most systems failed to avoid a collision with the simulated pedestrian target. The other scenarios proved to be more challenging for the systems:

• When encountering a child darting from between two cars, with the vehicle traveling at 20 mph, a collision occurred 89% of the time.
• Immediately following a right hand turn, all of the test vehicles collided with the adult pedestrian.
• When approaching two adults standing alongside the road, with the vehicle traveling at 20 mph, a collision occurred 80% of the time.
• In general, the systems were ineffective in all scenarios where the vehicle was traveling at 30 mph.
• At night, none of the systems detected or reacted to the adult pedestrian.

“The rise in pedestrian deaths is a major concern and automakers are on the right path with the intent of these systems,” continued Brannon. “Our goal with this testing is to identify where the gaps exist to help educate consumers and share these findings with manufacturers to work to improve their functionality.”

New vehicle technology can alert drivers and assist in lessening the likelihood or severity of a crash – whether with another vehicle or even more importantly, a pedestrian. But, until these systems are proven to perform consistently – especially pedestrian detection systems – during the day and at night and in a range of situations, AAA recommends drivers always:

• Be alert of their immediate surroundings. Do not rely on pedestrian detection systems to prevent a crash. This technology should only serve as a backup and not a replacement for an engaged driver.
• Read the owner’s manual to understand what safety systems the vehicle is equipped with. Before leaving the lot, ask the dealer to explain how these systems work, including what safety system alerts sound and look like and what triggers their activation.
• Use extra caution when driving at night since this is the riskiest time for pedestrians and where the systems struggled the most. Previous AAA research found that headlights, even in new condition, do not provide the amount of light needed for drivers to appropriately react to something or someone in the roadway.

It is a driver’s responsibility to yield to pedestrians, but those traveling by foot should be diligent as well. Pedestrians should use caution by staying on sidewalks and using crosswalks as often as possible. Always obey traffic signals, look both ways before crossing the street and do not walk and text.

Methodology

To assess the capabilities of pedestrian detection systems, AAA conducted primary research in partnership with the Automotive Club of Southern California’s Automotive Research Center in Los Angeles, California. Track testing was conducted on closed surface streets on the grounds of the Auto Club Speedway in Fontana, California.

Four test vehicles were selected (2019 Chevy Malibu, 2019 Honda Accord, 2019 Tesla Model 3 and 2019 Toyota Camry) using specific criteria and each test vehicle was outfitted using industry-standard instrumentation, sensors and cameras to capture vehicle dynamics, position data and visual notifications from the pedestrian detection system. Three simulated pedestrian targets were used including two dynamic models and each were outfitted with industry-standard instrumentation to time movement as well as receive position, speed and acceleration from the dynamic target. Complete methodology can be found in the full research report here.

About AAA

AAA provides more than 59 million members with automotive, travel, insurance and financial services through its federation of 34 motor clubs and nearly 1,100 branch offices across North America. Since 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for safe mobility. Drivers can request roadside assistance, identify nearby gas prices, locate discounts, book a hotel or map a route via the AAA Mobile app. To join, visit AAA.com.

1 in 4 U.S. Households Belong to North America’s Largest Motoring and Leisure Travel Organization 

ORLANDO, Fla. (September 26, 2019) –AAA has hit the milestone mark of 60 million members, making the motoring and leisure travel organization one of the largest membership associations in North America. Since 1902, AAA has been an iconic brand that evokes feelings of safety, security and peace of mind, with 1 in 4 U.S. households today being proud AAA card-carrying members.

This achievement is a result of AAA’s intense focus on meeting members’ evolving needs in an ever-changing technology and travel environment while also staying focused on the qualities on which millions have relied for generations.

Additional Resources

• Fact Sheet: About AAA

“AAA is incredibly grateful to each one of our 60 million members and we take their loyalty and trust in us seriously,” said AAA President and CEO Marshall Doney. “For 117 years, we have put members first with unwavering commitment. We will continue to provide them with quality service at the roadside, trusted travel expertise, unparalleled discounts and rewards, and leading traffic safety research and advocacy to ensure that everyone arrives home safely at the end of the day.”

AAA knows innovation is key and strategic adaptation is necessary to stay competitive. Over the last decade, AAA has invested in digital solutions to meet evolving consumer expectations, including the launch of the AAA app, real-time text notifications and tracking en route roadside assistance. AAA has also introduced the ability to use home digital assistants to connect with AAA or request service through third-party apps, like Waze. 

A century after society’s transformational adoption of the automobile, the association has made membership as easy as the touch of a button and more enticing. So much so that millennials – a tech savvy generation – make up nearly 30% of AAA’s new primary members.

“The AAA brand remains strong and relevant,” said AAA Board of Directors Chair Bill Mekrut. “Roadside assistance consistently is members’ primary reason to join – and AAA handles more than 30 million calls a year. Yet, as our members’ way of life evolves, so will AAA with relevant products and services that meet their needs.”

As AAA looks to the future, the organization is exploring new mobility solutions and working to educate our members and others about the exciting possibilities and current limitations of evolving vehicle technologies to help ensure a safe transition to mobility of the future.

“AAA has a reputation as one of America’s most trusted brands and we will continue to live up to this expectation as the association drives toward 70 million members,” concluded Doney.

About AAA

AAA provides more than 60 million members with automotive, travel, insurance and financial services through its federation of 34 motor clubs and nearly 1,100 branch offices across North America. Since 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for safe mobility. Drivers can request roadside assistance, identify nearby gas prices, locate discounts, book a hotel or map a route via the AAA Mobile app. To join, visit AAA.com.

On the week, the national gas price average held steady at $2.56, but motorists can expect some volatility at the pump in the coming days and weeks. Over the weekend, Saudi Arabia experienced drone attacks on two major oil facilities – including the world’s largest, Abqaiq. The attacks have taken 5.7 million (crude) barrels per day off the market, accounting for about 6% of the global supply.

Prior to the attacks, global crude oil supply was very healthy, in fact sitting on a global glut of stocks. Regardless, initial market reaction to the attacks spiked crude oil prices.  At the start of the work week, crude oil (West Texas Intermediate, WTI) is trading for $5/bbl more than on Friday’s closing, up to $61/bbl – a price point for crude not seen since May.

“Americans can expect local pump prices to start to increase this week. The jump could end up being as much as a quarter per gallon throughout this month,” said Jeanette Casselano, AAA spokesperson. “Whether this is a short or long term trend will be determined by the price of crude oil prices and how quickly the facilities in Saudi Arabia can recover and get back online.”

Damage to the facilities is still being accessed, but there is no word if it will be days, weeks or even months before infrastructure is repaired. To ease concerns, President Trump said he has authorized the release of crude from the Strategic Petroleum Reserve. Other Saudi-oil-consuming countries also have emergency reserves to help back-fill the global loss, if needed.

Notably, the U.S. currently depends less on crude imports from Saudi Arabia. The latest Energy Information Administration (EIA) report showed that the U.S. imported the least amount of crude oil from Saudi this decade. 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.

While U.S. gasoline stock levels have been decreasing the past few weeks, total domestic stocks sit at 228 million bbl, which is ahead of the five-year average for this time of year by several million bbl. Today’s national gas price average is 7 cents cheaper than last month and 28 cents cheaper than this time last year. But these gaps are likely to shrink as the market adjusts to the news and crude oil prices increase.

Quick Stats

• The nation’s top 10 largest weekly changes are: Ohio (+13 cents), Michigan (-9 cents), Delaware (+9 cents), Illinois (+6 cents), New Mexico (+5 cents), Georgia (+4 cents), Colorado (+4 cents), Utah (-3 cents), Oklahoma (+3 cents) and Louisiana (+3 cents).

• The nation’s top 10 least expensive markets are: Mississippi ($2.18), Louisiana ($2.20), Alabama ($2.22), South Carolina ($2.22), Arkansas ($2.24), Texas ($2.26), Tennessee ($2.27), Oklahoma ($2.28), Virginia ($2.28) and Missouri ($2.29).

South and Southeast

On the week, motorists in the South and Southeast are seeing volatility, though it is not overly drastic. New Mexico (+5 cents), Georgia (+4 cents), Oklahoma (+3 cents) and Louisiana (+3 cents) rank among the top 10 states with the largest weekly changes. A total of six states saw prices increase between two to five cents since last Monday, while the remaining states saw prices decrease by a few pennies. State averages range from $2.18 to $2.42.

Part of the pump price increases for the six states can be attributed to gasoline stocks, which decreased for a second week. The latest draw was 1.1 million bbl, dropping total levels to 76 million bbl, which is the lowest stock level seen since the end of 2017, according to EIA data. Stocks are likely to continue to decline given the weekend news of the Saudi attack. Falling stocks paired with a likely increase in crude oil prices will likely lead to more expensive gas prices for the region.

Great Lakes and Central States

Pump prices range from as much as 13 cents more expensive to nine cents cheaper in the region on the week. Ohio (+13 cents) and Michigan (-9 cents) saw the biggest weekly changes in the region and the country. Gas prices are noticeably more expensive in Illinois (+6 cents), while Kansas (+2 cents), Missouri (+1 cent), Indiana (+1 cent), Kentucky (+1 cent) and Nebraska are more expensive but just by a couple of pennies.

Gasoline stocks built by a significant 1.6 million bbl in EIA’s latest report. That increases total stocks for the Great Lakes and Central States to 53 million bbl, which is on par with levels this time last year. Regional refinery utilization remains strong at 100%, which should ultimately lead to cheaper gas prices for the region. However, any major jumps in crude oil prices may reverse this trend and lead to more expensive gas prices nationally and in the region.

Mid-Atlantic and Northeast

The majority of the Mid-Atlantic and Northeast states have gas prices that are cheaper or stable compared to last week. Only four states saw upward movement at the pump this week: Delaware (+9 cents), Maryland (+3 cents), Tennessee (+2 cents) and Pennsylvania (+1 cent). With a three cent decrease, Connecticut ($2.68) saw the largest change in pump prices. 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 10^th most expensive in the country.

Gasoline stocks drew down by a significant 1.4 million bbl, dropping levels to 63.6 million bbl. Stocks in the region have mostly been building as of late, though slowly since July. This is the largest draw seen during this timeframe and measures at a 3.1 million bbl deficit compared to this time last year. It is likely more states will see fluctuation in the week ahead, especially as crude oil increases.

Rockies

Colorado (+3 cents) was the only state in the region to see an increase at the pump this week. Utah (-3 cents) saw the largest decrease followed by Wyoming (-2 cents), Idaho (-1 cent) and Montana (-1 cent). The Rockies region is averaging pump prices at $2.70/gallon.

The region’s stock dropped by 100,000 bbl to measure at 7.4 million bbl in EIA’s latest report. In addition, regional refinery utilization fell from 102% down to 94% signaling that stocks are positioned to further decrease and likely push regional gas prices more expensive.

West Coast

Pump prices in the West Coast region are the highest in the nation, with all states in the region landing on the top 10 most expensive list today. Hawaii ($3.64) and California ($3.63) are the most expensive markets in the country. Washington ($3.18), Nevada ($3.10), Oregon ($3.03), Alaska ($2.95) and Arizona ($2.83) follow. All state averages in the region have marginally decreased on the week. Hawaii, Washington, Nevada and Oregon saw the largest decreases at a penny each.

The EIA’s recent report for the week ending on September 9, showed that total West Coast motor gasoline stocks climbed by 300,000 bbl to 28.7 million bbl. The increase is a reversal from the previous four-week period that saw total stockpiles decrease by about 3.5 million bbl. 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. However, as with the rest of the nation, increasing crude oil prices are likely to reverse this trend.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI decreased by 24 cents to settle at $54.85, but on Monday, the price was up to $61/bbl.

Overall, oil prices were mixed. Early in the week, oil prices fell after reports emerged that the Trump Administration is considering relaxing sanctions on Iran, which would put more oil into an already oversupplied market. However, the losses were tempered by EIA’s weekly report showing that total domestic crude inventories fell by 6.9 million bbl last week. They now sit at 416.1 million bbl, which is nearly 20 million bbl higher than were they were at this same time last year. For this week, crude prices will see increases due to increased tension in the Middle East – specifically stemming from the attacks in Saudi Arabia –  and could be bolstered by increased optimism that China and the U.S., the world’s two largest crude consumers, may be nearing a resolution to the trade war.

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.

Gas prices continue to trend – slowly, but surely – cheaper with half of all states seeing pump prices drop two-cents on the week. This caused the national average to push cheaper by a penny down to $2.56. Today’s average is 11-cents less than a month ago and 28-cents cheaper than a year ago. 

In its latest weekly report, the Energy Information Administration (EIA) notes that U.S. gasoline demand saw a steady decline from 9.9 million b/d to 9.4 million b/d, a reading typical for the start of fall. In addition to the drop in demand, EIA data also shows that domestic gasoline stocks fell by 2 million bbl, which is mostly attributed to exports.

“Gasoline demand in early September generally declines alongside stock levels as refineries prepare for the switchover to winter-blend gasoline and undergo maintenance,” said Jeanette Casselano, AAA spokesperson. “These typical trends mean savings for motorists, leading the way for potentially some of the cheapest gas prices at the end of the year.”

While state averages range from as expensive as $3.65 in Hawaii to as cheap as $2.16 in Mississippi, nearly all state averages are 20-55 cents cheaper than this time last year.

Quick Stats

• The nation’s top 10 largest weekly changes are: Ohio (-13 cents), Illinois (-7 cents), Michigan (+4 cents), New Jersey (-4 cents), Washington, D.C. (-4 cents), Rhode Island (-4 cents), Maryland (-4 cents), Massachusetts (-3 cents), Connecticut (-3 cents) and Indiana (+3 cents).
• The nation’s top 10 least expensive markets are: Mississippi ($2.16), Louisiana ($2.17), Alabama ($2.20), Arkansas ($2.23), South Carolina ($2.23), Oklahoma ($2.25), Tennessee ($2.25), Texas ($2.27), Missouri ($2.28) and Virginia ($2.29).

South and Southeast

Gas prices in Florida are inching down toward pre-Hurricane Dorian pump prices. Ahead of the storm, Florida’s average spiked eight cents from $2.36 to $2.44. Today’s state average is $2.42. Georgia and South Carolina saw minimal impact from the storm.

On the week, all states have cheaper or stable gas prices – by as much as three cents. Across the region, state averages range between $2.16 – $2.42.

Gas prices in the coming week may see volatility due to fluctuation with gasoline stocks. While regional refinery utilization holds strong at 95%, gasoline stocks dropped by 3.2 million bbl in the EIA’s latest report. That sinks total stock levels to 77.1 million, which is the lowest level at the end of August for the region since 2015. The draw can be attributed to an increase in exports, which is a trend typically seen in the fall. The fluctuation in stocks could lead to some slight increases at the pump this week, but likely only by a few cents. 

Mid-Atlantic and Northeast

Compared to a year ago, pump prices in the Mid-Atlantic and Northeast states are 22 to 55 cents cheaper, with Delaware (-55 cents) having the largest change in the country. Maryland (-42 cents) and Washington, D.C. (-37 cents) also land on the top 10 list for largest yearly decreases.

The yearly gas price gap is likely only to widen more. with all states in the region seeing gas prices decrease or remain stable on the week.

Prices should remain mostly stable or cheaper for the coming week as the latest EIA data reports increases in regional gasoline stocks. Additionally, regional refinery utilization bumped up for the week ending August 30. Stocks have been consistently building for the past five weeks, up from 59.1 million bbl to 65 million bbl. However, at 65 million bbl, supplies still lag behind year-ago levels but are ahead of the five-year average. 

Great Lakes and Central States

While gas prices are 13 cents cheaper on the week in Ohio ($2.47), motorists in Michigan ($2.64) are paying nearly a nickel more compared to last Monday. Also seeing increases at the pump at the start of the workweek: Indiana (+3 cents), Kansas (+1 cent) and Missouri (+1 cent). Volatility is no stranger to the Great Lakes and Central States, where gas prices can fluctuate either way despite strong gasoline stock levels and healthy demand.

For the past three weeks, gasoline stocks have hovered at the 51 million bbl mark while regional refinery utilization stabilized mostly at 100%, according to the EIA. These two factors should ultimately keep gas prices cheaper for the region for the coming weeks with the exception of typical volatility mostly in Ohio, Michigan and Illinois.

Rockies

Motorists in Colorado ($2.57) are paying three cents more to fill-up on the week – the only state in the region to see an increase at the pump. Utah and Idaho prices are both three cents cheaper. Pump prices were stable on the week in Wyoming ($2.68) and Montana ($2.72).

All states in the region rank among the top 15 most expensive gas prices in the country with the exception of Colorado, which ranks 20th. That being said, pump prices across the region are on average 33 cents less than this time last year.

Gasoline stocks saw a small build of 54,000 bbl to bump regional stock levels to 7.5 million. The EIA data also reports held regional refinery utilization is strong at 102%. In fact, since mid-July regional refinery utilization has been at or above the 100% mark for six weeks. This ultimately has contributed to higher stock levels and lower gas prices for motorist in the Rockies states.

West Coast

Motorists in the West Coast region are paying the highest pump prices in the nation, with all states in the region landing on the top 10 most expensive list today. Hawaii ($3.65) and California ($3.63) are the most expensive markets in the country. Washington ($3.19), Nevada ($3.11), Oregon ($3.04), Alaska ($2.95) and Arizona ($2.88) follow. Most state averages in the region have decreased on the week. However, California and Arizona saw increases at a penny each.

The EIA’s recent report for the week ending on Aug. 30 showed that West Coast gasoline stocks decreased by 600,000 bbl. The total level is now 28.4 million bbl, which is in line with stock levels at the end of August 2018. Prices in the region will likely decline this week.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by 22 cents to settle at $56.52. Domestic crude prices rose last week after the EIA reported that total domestic crude inventories fell by 4.8 million bbl. At 423 million bbl, stocks are approximately 21.5 million bbl higher than were they were at the end of August 2018. Higher inventory levels have helped to keep oil cheaper this year over last, but if EIA’s report this week shows that stocks continue to shrink, prices could end the week higher again. Alternatively, if ongoing trade tensions between the U.S. and China escalate, crude prices could fall.   

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.

On the week, gas prices are as much as nine cents cheaper in every state except California, (+5 cents), Florida (+4 cents), Ohio (+2 cents) and South Carolina (+1 cent).

Hurricane Dorian has been the driver for the increases in Florida and, most likely, South Carolina.

“As an east coast storm, Hurricane Dorian is not threatening major oil and gas infrastructure so its impact is localized to its path along the East Coast,” said Jeanette Casselano, AAA spokesperson. “For the rest of the country, demand, which remains high, is chipping away at supply, but not at a high enough rate to increase gas prices.”

Today’s national average is $2.57, which is a penny cheaper than last week, 14-cents less than a month ago and 26-cents cheaper than a year ago.

Quick Stats

• The nation’s top 10 least expensive markets are: Louisiana ($2.18), Mississippi ($2.18), Alabama ($2.21), South Carolina ($2.24), Arkansas ($2.25), Tennessee ($2.26), Oklahoma ($2.26), Missouri ($2.27), Texas ($2.27) and Virginia ($2.31). 
• The nation’s top 10 largest weekly changes are: Washington, D.C. (-10 cents), Michigan (-9 cents), Delaware (-7 cents), California (+5 cents), Maryland (-5 cents), Texas (-5 cents), Florida (+4 cents), Nebraska (-4 cents), New Jersey (-4 cents) and Iowa (-3 cents).

South and Southeast

Hurricane Dorian drove Florida’s gas price average up four-cents on the week and is starting to impact pump prices in Georgia and South Carolina by pennies. Some gas stations in the Sunshine state were reporting fuel shortages, due to motorists filling-up ahead of the storm. Those shortages will be short-lived as fuel will be re-supplied once tanker trucks can travel into any impacted areas.

The rest of the region has not been impacted by the hurricane and on the week gas prices are as much as a nickel cheaper in Texas. Most states saw prices push cheaper by two to three cents. At $2.18, Louisiana and Mississippi carry the cheapest gas price averages in the country.

The region saw a nearly 3 million bbl draw on gasoline stocks in the Energy Information Administration’s (EIA) report for the week ending Aug. 23. That drop brought total levels down to 80 million bbl, which is the lowest regional supply level since mid-April of this year. Regardless, it is a healthy supply level and provides the ability to replenish any shortages in Florida.

Great Lakes and Central States

Most states in the Great Lakes and Central region have gas price averages that are two to four cents cheaper than last week. Michigan (-9 cents) and Ohio (+2 cent) are the outliers. Illinois ($2.71) carries the most expensive average followed by Ohio ($2.59) and Michigan ($2.58). On the other side of the coin, Missouri ($2.27), Kentucky ($2.32) and Kansas ($2.32) are the cheapest in the region.

Indiana (-35 cents), Kentucky (-23 cents) and Illinois (-22 cents) lead the nation with the largest monthly decreases. Ohio (-21 cents), Wisconsin (-19 cents) and Missouri (-19 cents) round out this top 10 list.

Gasoline stocks remain stable at 51 million bbl, the healthiest supply level seen since April for the Great Lakes and Central states region. Regional refinery utilization hit 100% in the EIA’s latest report. 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.

Mid-Atlantic and Northeast

Four Mid-Atlantic and Northeast states land on the top 10 list for largest weekly decreases: Washington, D.C. (-10 cents), Delaware (-7 cents), Maryland (-5 cents) and New Jersey (-4 cents). All states have cheaper gas prices, with a penny being the smallest decline since last Monday.

As gas prices decline for the region, New York ($2.76) is the only state in the region to land on the top 10 most expensive state list this week. Connecticut ($2.73) ranks as the 11^th highest average in the country and Pennsylvania ($2.71) is 13^th. Tennessee ($2.26) has the cheapest average in the region.

Regional gasoline stocks added 1.6 million bbl for the week ending Aug. 23.  At 63.9 million bbl, stock levels are at their highest point in three months and on par with levels this time last year. This is positive news for the region in light of stock decreases seen earlier this summer due to the fire and explosion at the Philadelphia Energy Solutions (PES) refinery in Pennsylvania. With regional refinery utilization down to 66%, it’s likely that most of the increase in supply is a result of imports.

Rockies

Utah (-4 cents) had the largest decrease in the region on the week followed by Idaho (-3 cents). Meanwhile, pump prices in Idaho, Wyoming and Montana only decreased by a penny or two. At $2.54, Colorado saw no movement.

Compared to this time last year, gas prices are at least 30-cents cheaper in all states except one: Idaho (-45 cents), Utah (-37 cents), Colorado (-33 cents), Wyoming (- 30 cents) and Montana (-22 cents).

EIA data reports regional refinery utilization increased for another week, this time to 102%, though gasoline stocks dipped by about 200,000 bbl down to 7.4 million bbl. As utilization holds strong, gas prices will continue to be cheaper for motorists in the Rockies region.

West Coast

Pump prices in the West Coast region are the highest in the nation, with all states in the region landing on the top 10 most expensive list today. Hawaii ($3.65) and California ($3.62) are the most expensive markets in the country. Washington ($3.19), Nevada ($3.12), Oregon ($3.04), Alaska ($2.96) and Arizona ($2.82) follow. Most state averages in the region have decreased on the week, with Alaska (-2 cents) seeing the largest decline. However, California (+5 cents) saw the largest increase.

The EIA’s recent report for the week ending on Aug. 23 showed that West Coast gasoline stocks decreased by 600,000 bbl. The total level is now 29.02 million bbl., which is more than 700,000 bbl higher than last year at this time. The higher level could help prices stabilize if there is an increase in gas demand in the region this week.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI decreased by $1.61 to settle at $55.10. Crude oil prices saw some gains last week following EIA’s weekly report that showed crude oil stockpiles had decreased by 10 million bbl. However, worries about the impact of Hurricane Dorian drove crude oil prices down late last week. Closing out the week, crude oil futures fell 3% ahead of the hurricane’s landfall with fears that its impact could dampen demand. Market watchers will continue to track the progress of Hurricane Dorian as it strengthens throughout the week and batters Florida and the east coast.

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.

At $2.59, the national gas price average is poised to be potentially the cheapest Labor Day weekend average in three years. Today’s average is already nearly a quarter cheaper than during last year’s holiday ($2.83) and four cents cheaper than 2017’s Labor Day ($2.63).

“For Americans who bookend summer with road trips, they will find gas prices this coming weekend that are cheaper than this past Memorial Day and last year’s Labor Day holiday,” said Jeanette Casselano, AAA spokesperson. “At the start of the week, two-thirds of all states have gas price averages that are nearly a quarter cheaper than last year.”

While some states may see gas prices increase by a few pennies ahead of the holiday weekend, which isn’t atypical, any jumps will be short-term.

Quick Stats

• The nation’s top 10 largest yearly decreases: Idaho (-43 cents), Louisiana (-38 cents), Indiana (-38 cents), Florida (-36 cents), Kentucky (-35 cents), Delaware (-35 cents), Utah (-35 cents), Mississippi (-35 cents), Alaska (-34 cents) and Oklahoma (-34 cents).
• The nation’s top 10 most expensive markets: Hawaii ($3.64), California ($3.57), Washington ($3.21), Nevada ($3.13), Oregon ($3.05), Alaska ($3.00), Utah ($2.85), Idaho ($2.82), Arizona ($2.81) and New York ($2.79).

Mid-Atlantic and Northeast

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). New Jersey (-4 cents) saw the second largest decline followed by these four states with a three-cent weekly decrease: Virginia, Pennsylvania, Tennessee and Maryland. But the real savings for motorists in region is compared to this time last year – gas prices are at least 19 cents cheaper. Heading into Labor Day weekend last year, state gas price averages ranged from $2.59 – $3.03 whereas this year they are $2.29 – $2.79.

Despite a 1% dip in regional refinery utilization, gasoline stocks built by 781,000 bbl, per the Energy Information Administration (EIA). This is the fourth straight week that utilization fell, yet three straight weeks of stock increases. As previously reported, imports are easing concerns related to the decline in utilization due to the pending closure of a regional refinery. Stocks sit at a nearly 1 million bbl deficit compared to this time last year.

South and Southeast

Gas prices in the South and Southeast region have dipped to or below the $2.25/gallon mark for some states, which also tout the cheapest prices in the country today: Mississippi ($2.20), Louisiana ($2.20), Alabama ($2.23) and South Carolina ($2.23). More states in the region are likely to see averages this low in coming weeks. In fact, AAA expects by year-end that the region will again see $2/gallon retail prices. Currently, New Mexico ($2.48) and Georgia ($2.41) carry the most expensive averages in the region. 

On the week, all states in the region have gas prices that are cheaper by two cents to a nickel. Florida (-5 cents) saw the largest weekly decline.

The EIA reports that regional gasoline stocks drew by a little more than 1 million bbl. However, overall levels sit at a very healthy 83.2 million bbl and therefore gas prices are poised to continue to push cheaper.

Great Lakes and Central States

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. At $2.70, Michigan’s average increased two cents on the week and was one of only two states in the country to see an increase.

All states in the region are averaging a year-over-year pump savings of 20 cents or more except Illinois (-13 cents), which is at the lowest end of the price drop spectrum in the region.

With a 1 million bbl build, gasoline stocks increased for a third week and sit at their highest level since early April of this year, according to EIA data. Regional refinery utilization held strong at 99%, indicating that the region should expect cheaper gas prices next month with one stipulation being any refinery maintenance planned for this fall.

Rockies

On the week, gas prices declined 1 cent – 3 cents in the region. Colorado ($2.54) has the cheapest gas price average of all five states in the Rockies region while Utah ($2.85) and Idaho ($2.82) carry the most expensive. The latter two states rank as the 7^th and 8^th most expensive states in the country, however, they still land on the top 10 list for largest yearly changes, with differences of 43 and 35 cents less expensive, respectively.

Regional refinery utilization jumped back up to 100% in EIA’s data for the week ending Aug 16. Alongside the increase in utilization, stocks built by 200,000 to total 7.6 million bbl, the highest level since before Memorial Day. And with the end of summer tourism, stocks are likely to increase and push prices cheaper.

West Coast

Motorists in the West Coast region are paying the highest pump prices in the nation, with all states in the region landing on the top 10 most expensive list. Hawaii ($3.64) and California ($3.57) are the most expensive markets in the country. 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). State averages in the region have decreased on the week by as much as three cents, except in Arizona, which saw a three-cent increase since last Monday and is one of only two states in the country to see pump prices push more expensive.

The EIA’s report for the week ending on August 16 showed that West Coast gasoline stocks decreased slightly from 30.2 million bbl to 29.6 million bbl. Additionally, the report showed regional refinery utilization rose to 96.6% giving an indication of future production capability. If there is a supply disruption or increase in demand this week, pump prices in the region could increase moderately because of tighter stock levels.  

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI decreased by $1.15 to settle at $54.17. Crude prices strengthened after the EIA revealed that total domestic crude inventories fell by 2.7 million bbl. Then on Friday, crude oil prices took a downward turn as a result of continued trade tensions between the U.S. and China. Reuters reported that oil prices fell more than 2% on Friday after China unveiled retaliatory tariffs against $75 billion worth of U.S. goods. In response, President Trump tweeted that he would raise tariffs on $250 billion in Chinese goods from 25 to 30 percent on October 1. He also added that a tariff announced earlier this year and scheduled to go into effect on September 1 would now be raised to 15 percent. Market watchers will keep a close eye on U.S.-China trade talks and the impact increasing tariff costs could have on global crude oil demand. If the trade tension between the countries continues, crude prices will likely decline further.

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.