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Posted by: thepinetree on 11/19/2018 08:36 PM Updated by: thepinetree on 11/19/2018 08:36 PM
Expires: 01/01/2023 12:00 AM
:

Nearly 49 Million Holiday Road Trippers to Fill-Up with Thankworthy Gas Prices

Washington, DC...Motorists can add cheaper gas prices to their list of ‘things for which to be thankful’ this Thanksgiving holiday. Today’s national gas price average is $2.62, which is seven-cents less than a week ago and the largest one-week decline in pump price this year. In fact, the large drop brings the year-over-year differential in gas prices to only seven cents – that is the lowest yearly change seen July 2017.




“The nearly 49 million Americans hitting the road for Thanksgiving will find pump prices similar to last year,” said Jeanette Casselano, AAA spokesperson. “When it comes time to fill-up during the trip, motorists should keep in mind that gas stations along highly traveled routes may find prices more expensive than in-town. Before setting out for the long Thanksgiving weekend, AAA recommends motorists download the free AAA Mobile app to find the lowest gas prices in their area.”

In addition, the AAA app can help travelers make travel arrangements, request AAA roadside assistance among additional resources. Learn more at AAA.com/mobile.


Quick Stats

The nation’s top 10 largest monthly decreases are: Iowa (-41 cents), Nebraska (-37 cents), Oklahoma (-36 cents), Missouri (-34 cents), Indiana (-34 cents), Kansas (-33 cents), Kentucky (-32 cents), Michigan (-32 cents), Delaware (-31 cents) and South Dakota (-30 cents).
The nation’s top 10 least expensive markets are: Missouri ($2.27), Delaware ($2.28), Oklahoma ($2.28), Texas ($2.32), South Carolina ($2.33), Louisiana ($2.33), Alabama ($2.36), Kansas ($2.36), Mississippi ($2.37) and Arkansas ($2.38).


Great Lakes and Central

Motorists in the Great Lakes and Central states are paying as much as 41 cents/gallon less than they paid last month to fill up. As demand remains low, Iowa (-41 cents), Nebraska (-37 cents), Missouri (-34 cents), Indiana (-34 cents), Kansas (-33 cents), Kentucky (-32 cents), Michigan (-32 cents), and South Dakota (-30 cents) are among the top 10 states in the country with the largest monthly declines in gas prices.

On the week, state gas prices averages are as much as 14-cents cheaper in the region with prices ranging from $2.63 in North Dakota to $2.27 in Missouri. Ohio (+2 cents) was the only state in the region and country to see a jump at the pump on the week.

On the week, the Energy Information Administration (EIA) reports that gasoline stocks increased by a small 218,000 bbl, but remain under the 47 million bbl mark. As utilization increases in the region, which saw a one percent jump to 75 percent last week, stocks are expected to build through year-end as demand remains low and keep gas prices cheaper.


Mid-Atlantic and Northeast

Compared to a year ago, Delaware ($2.32) and Maryland ($2.51) are the only two states in the Mid-Atlantic and Northeast region to have gas prices cheaper than one year ago, 17-cents and three cents less, respectively. For all other states, gas prices are as much as 22-cents more expensive year-over-year with these states in the region carrying the largest changes: Vermont (+22 cents), New York (+18 cents), Massachusetts (+17 cents), Connecticut (+16 cents), North Carolina (+13 cents), New Hampshire (+13 cents) and West Virginia (+11 cents).

On the week, state gas prices average are three to eight cents cheaper in the region with prices ranging from $2.88 in Connecticut to $2.28 in Delaware.

Gasoline stocks built by 270,000 bbl to remain relatively stable at 64 million bbl. Meanwhile, refinery utilization in the region stayed consistent at 90 percent. According to EIA data, utilization has been slowly, but surely increasing since the beginning of October.

South and Southeast

As gas prices drop across the region, as much as 10 cents on the week, every state in the South and Southeast has gas stations selling gas at $2.25/gal or less. Some more than others:

State Today’s Average Percentage of gas station in state at $2.25 or less/gallon
Oklahoma $2.28 53%
Texas $2.32 38%
Louisiana $2.33 35%
South Carolina $2.33 32%
Mississippi $2.37 17%
Alabama $2.36 15%
Arkansas $2.38 12%
New Mexico $2.57 7%
Florida $2.49 6%
Georgia $2.47 4%
On the week, state gas price averages are seven to ten cents cheaper in the region with prices ranging from $2.57 in New Mexico to $2.28 in Oklahoma.

EIA data shows the South and Southeast refinery utilization dropped nearly three percent to land at 93.8 percent for the week ending November 11. Also declining, gasoline stocks drew by 1.1 million to register just under 82 million bbl.

West Coast

Pump prices in the West Coast region remain among the highest in the nation, with six of the region’s states landing on the nation’s top 10 most expensive list. Hawaii ($3.83) is the nation’s most expensive market, followed by California ($3.64), Washington ($3.41), Alaska ($3.30), Oregon ($3.22), Nevada ($3.23) and Arizona ($2.87). On the week, all prices in the region are lower. Hawaii (-7cents), California (-6 cents) and Washington (-6 cents) saw the largest drops.

The EIA’s weekly petroleum status report for the week ending on November 9, showed West Coast gasoline stocks fell by 827,000 bbl to 26.5 million bbl. Stocks are approximately 1.7 million bbl lower than at this time last year, which could cause prices to spike if there is a supply challenge in the region this week.

Rockies

Gas prices remain under $3/gal for every state in the Rockies except Idaho ($3.02). On the week, state gas prices average are two to seven cents cheaper in the region: Utah ($2.95), Montana ($2.89), Wyoming ($2.89) and Colorado ($2.73).

In trend with the rest of the country, Rockies states’ gas price averages are cheaper as compared to a month ago, but for most states on a smaller scale: Colorado (-21 cents), Montana (-12 cent), Idaho (-10 cents), Wyoming (-7 cents) and Utah (-6 cents). In fact, all states but Colorado land on the top 10 list with the smallest monthly change of all states in the country.

Both refinery utilization and gasoline stocks held stable on the week with total stocks measuring at 6.9 million bbl.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI was unchanged and settled at $56.46. Oil prices mostly dropped last week as EIA reported that crude inventories continue to build, now for the eighth consecutive week. Total domestic inventories sit at 442.1 million bbl, which is 16.9 million bbl lower than levels at this time last year. Inventories grew as the EIA reported the U.S. hit a new record for crude production last week. At 11.7 million b/d, it is the highest rate on record since the EIA began tracking it in 1983.

Growth in global crude production, including in the U.S., combined with weaker than expected global crude demand for the fourth quarter of 2018 are leading some market observers to have concerns that the global crude supply glut from 2016 and 2017 has returned. As a result, reports have emerged that the Organization of Petroleum Exporting Countries (OPEC), led by Saudi Arabia, will discuss curtailing crude production by 1 million to 1.4 million b/d at its upcoming meeting on December 6 in Vienna, Austria. Russia, which is not a member of OPEC, confirmed today that it would likely participate in any global crude production reduction agreement. Speculation of a production cut could help buoy crude prices this week. If an agreement is put into place in December, crude prices will likely rise due to reduced global supply.

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.



Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
HAHAHAHAHA!!!
Posted on: 2018-11-19 20:59:13   By: Anonymous
 
HAHAHAHAHAHAHAHA!!! LYING, CHEATING, CROOKED HILLARY!!! HAHAHAHAHAHAHAHA!!!


[Reply ]

    Re: HAHAHAHAHA!!!
    Posted on: 2018-11-19 21:17:32   By: Anonymous
     
    ^^^We all truly wish you would just die.

    [Reply ]

      Re: HAHAHAHAHA!!!
      Posted on: 2018-11-19 22:27:39   By: Anonymous
       
      Not me.

      [Reply ]

        Re: HAHAHAHAHA!!!
        Posted on: 2018-11-19 23:23:34   By: Anonymous
         
        YEAH, ME NEITHER!

        [Reply ]

          Re: HAHAHAHAHA!!!
          Posted on: 2018-11-20 10:07:28   By: Anonymous
           
          I Looovvvve HA! HA!

          [Reply ]

            Re: HAHAHAHAHA!!!
            Posted on: 2018-11-20 16:37:28   By: Anonymous
             
            ^^^Eff you three 2

            [Reply ]

              Re: HAHAHAHAHA!!!
              Posted on: 2018-11-20 20:15:41   By: Anonymous
               
              Today’s Nationwide Average Price of gas is $2.25 or less/gallon.
              Californians are paying over $3.65 a gallon.
              Thank you for voting Democrat.

              [Reply ]

      Re: HAHAHAHAHA!!!
      Posted on: 2018-11-20 06:50:17   By: Anonymous
       
      Typical mean spirited democrat wishing harm on others then pointing their filthy fingers at others accusing them of hatred...go figure

      [Reply ]

        Re: HAHAHAHAHA!!!
        Posted on: 2018-11-20 11:34:08   By: Anonymous
         

        Nazis took guns away from the people. Stifled their speech. Did not allow free and fair voting. Democrats are modern-day Nazis. #VoteThemOut2020


        [Reply ]

      Re: HAHAHAHAHA!!!
      Posted on: 2018-11-20 15:43:51   By: Anonymous
       

      Learn who is funding the so called migrant caravans looking to invade America and why:
      https://www.youtube.com/watch?v=mfsNkB9tNPk&feature=youtu.be


      [Reply ]

    Re: HAHAHAHAHA!!!
    Posted on: 2018-11-20 03:32:38   By: Anonymous
     
    HAHA BOY TROLL.
    HAHAHAHAHA LYING CHEATING IVANKA
    LOCK HER UP HAHAHAHAHA.
    LOCK
    HER
    UP

    [Reply ]

      Re: HAHAHAHAHA!!!
      Posted on: 2018-11-20 06:51:44   By: Anonymous
       
      Oh man, I'd love to lock her up



      and lick her until she squirts.



























































































      No doubt you have those fantasies about doing that to Hillary the Hag

      [Reply ]

        Re: HAHAHAHAHA!!!
        Posted on: 2018-11-20 07:03:08   By: Anonymous
         
        I'd love to give you a large squirt!

        [Reply ]

    #WalkAwayToday!!
    Posted on: 2018-11-20 04:41:48   By: Anonymous
     

    I do not get why people slather over the obvious Liberal Progressive Socialist Marxist Democrats along with the Republicans In Name Only who only want to destroy our Constitution, remove all of our Creator Given Rights and put 100% total control over everything into the greedy hands of the government! WTF is wrong with these people? #VoteThemOut2020


    [Reply ]

      Re: #WalkAwayToday!!
      Posted on: 2018-11-20 14:09:21   By: Anonymous
       
      YOUR CREATER GAVE YOU THE RIGHT TO DIE!

      [Reply ]

No Subject
Posted on: 2018-11-19 22:32:01   By: Anonymous
 
I'm afraid no one around comprehends my potato.

[Reply ]

    Re:
    Posted on: 2018-11-20 01:20:57   By: Anonymous
     
    Alice gave me crabs again, must have been from the hospital she was just in

    [Reply ]

      Re:
      Posted on: 2018-11-20 06:23:04   By: Anonymous
       
      Pesty little critters aren't they

      [Reply ]

        Re:
        Posted on: 2018-11-20 06:28:31   By: Anonymous
         
        Which hospital did YOU say you got crabs at?

        [Reply ]

          Re:
          Posted on: 2018-11-20 14:31:53   By: Anonymous
           
          I got them from Alice. Not the hospital.

          [Reply ]

      Re:
      Posted on: 2018-11-20 06:52:45   By: Anonymous
       
      Tis the season and crabs are in season ya know

      [Reply ]

        Re:
        Posted on: 2018-11-20 07:01:28   By: Anonymous
         
        I love seafood

        [Reply ]

No Subject
Posted on: 2018-11-20 10:39:49   By: Anonymous
 
I'm completely naked.


[Reply ]

    Re:
    Posted on: 2018-11-20 11:38:40   By: Anonymous
     
    WOW! What are you God sure cheated you in the penis area. Like Dinky.

    [Reply ]

    Re:
    Posted on: 2018-11-20 13:45:00   By: Anonymous
     
    Pam B will love that

    [Reply ]

      Re:
      Posted on: 2018-11-20 15:07:01   By: Anonymous
       
      Mr. Dinky Dick

      [Reply ]

Nozzle problems?
Posted on: 2018-11-20 11:07:34   By: Anonymous
 
That's a green diesel pump handle, not gas!

[Reply ]

    Re: Nozzle problems?
    Posted on: 2018-11-20 20:17:03   By: Anonymous
     
    I've got gas.

    [Reply ]


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