AAA Newsroom: Motorists to see Cheapest Memorial Day Pump Prices in Nearly Two Decades

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When it is safe to travel, AAA expects vacationers will explore America’s backyard

Pump prices continue to increase across the country with nearly every state’s average pushing more expensive on the week, on average by four cents. At the start of the Memorial Day work week, the national gas price average is $1.87.

The last time the national gas price average leading into the holiday was under $2/gallon was 17 years ago in 2003. That year motorists paid, on average, $1.50 to fill-up. Gas prices this year won’t be as cheap as 2003, but today’s national average is a dollar cheaper than one year ago.

“Gas prices around Memorial Day have not been this cheap in nearly 20 years. However, as the country continues to practice social distancing, this year’s unofficial kick-off to summer is not going to drive the typical millions of Americans to travel,” said Jeanette Casselano, AAA spokesperson. “Despite inexpensive gas prices, AAA anticipates this year’s holiday will likely set a record low for travel volume.”

For the first time in 20 years, AAA will not issue a Memorial Day travel forecast due to COVID-19 impacts on the underlying economic data used to create the forecast.

Americans can expect gas prices to continue to push more expensive, possibly hitting $2/gallon in the next few weeks. This is mostly due to demand increasing as states re-open. This week will also bring the Environmental Protection Agency’s waiver on the sale of winter-blend gasoline to an end. Stations will switch over to summer-blend gasoline, which has a lower Reid Vapor Pressure to prevent excessive evaporation when outside temperatures rise. Reducing the volatility of summer gas decreases emissions that contribute to unhealthy ozone and smog levels. Typically, the switchover to summer-blend can cause gas prices to spike during the summer driving season, but that will likely not be the case this year due to the impact of COVID-19 on demand and crude oil prices.

Quick Stats

  • The nation’s top 10 largest weekly increases are: Idaho (+17 cents), Pennsylvania (+8 cents), Wisconsin (+7 cents), Iowa (+7 cents), Colorado (+7 cents), Kansas (+7 cents), Maryland (+6 cents), Utah (+6 cents), Nebraska (+5 cents) and Minnesota (+5 cents).  
  • The nation’s top 10 least expensive markets are: Mississippi ($1.51), Arkansas ($1.52), Oklahoma ($1.52), Missouri ($1.54), Texas ($1.56), Alabama ($1.57), Kansas ($1.57), South Carolina ($1.60), Louisiana ($1.60) and Tennessee ($1.62).

Great Lakes and Central States

The nation’s largest weekly gas price increases can be found for a second week in the Great Lakes and Central States region. Five states from the region land on the top 10 list for largest jumps, though this week’s increases are less than a dime: Wisconsin (+7 cents), Iowa (+7 cents), Kansas (+7 cents), Nebraska (+5 cents) and Minnesota (+5 cents).

With increases over the last two weeks, Illinois ($2.13) is the only state in the region whose average has jumped back over $2/gallon. At $1.86, Indiana carries the second most expensive average in the region, while Missouri ($1.54) touts the cheapest.

The Energy Information Administration (EIA) reports that regional gasoline stocks have decreased for six straight weeks, bringing total stock levels down to the lowest measurement of the year at 54 million bbl. However, stocks remain above the year-ago level of 49.5 million bbl and the five-year average of 52.6 million bbl.

South and Southeast

Gas prices continue to push more expensive for the majority of South and Southeast states as most of the region pushes towards re-opening. With an increase of six cents, Arkansas ($1.52) and Tennessee ($1.62) saw the largest jumps on the week. South and Southeast state pump price averages remain below $2/gallon by 25 – 50 cents. Florida ($1.77) carries the most expensive average while Arkansas ($1.52) touts the cheapest.

Motorists continue to enjoy vastly cheaper prices – 90 cents to more than a dollar cheaper – compared to last year. Even with prices expected to push more expensive this month, filling up will continue to be a cost savings compared to May 2019.

Regional gasoline stocks continue to measure at very healthy levels despite a 1.2 million draw in the EIA’s latest report. Total stocks now measure at 88.3 million bbl. That is 17 million bbl more than the Mid-Atlantic and Northeast regions’ stock level, which is the region with the second highest stock level in the country. While gas prices are likely to increase alongside demand, the healthy stock level should contribute to smaller jumps at the pump.

Mid-Atlantic and Northeast

On the week, Pennsylvania (+8 cents) saw the largest increase among Mid-Atlantic and Northeast states and saw the second biggest jump of all states in the country. Otherwise states in the region saw mostly increases of a few pennies, but no more than a nickel. State averages range between $2.17 in Washington, D.C. to $1.71 in North Carolina. In addition to Washington, D.C., New York ($2.15) and Pennsylvania ($2.14) carry the most expensive averages in the region and land among the top 10 highest in the country.

While gasoline stocks saw a slight increase, to push total stocks to nearly 71 million bbl, regional refinery rates dropped just below 50%. As more states in the region move towards opening, which is likely to increase gasoline demand, motorists can expect gas prices to increase, but still remain cheap compared to typical May pump prices.

Rockies

Motorists in the Rockies are seeing significant savings – more than a $1/gallon – at the pump year-over-year. Idaho (-$1.22), Utah (-$1.17) and Montana (-$1.12) all land on the top 10 list for largest yearly difference in the country. Wyoming has a difference of 97 cents less year-over-year.

The past week brought fluctuation through the region with Idaho (+17 cents), Colorado (+7 cents) and Utah (+6 cents) seeing increases as the pump. Wyoming ($1.82) and Montana ($1.74) mostly held steady. With the jump, Utah’s average increased to $2.02, the only state in the Rockies region with an average more than $1.99/gallon.

Regional gasoline stocks have consistently decreased for six weeks according to EIA data. The latest draw of 400,000 bbl puts total stocks right at 8 million bbl as refinery rates bump up to 70%. Even with gas prices poised to see further fluctuation in the week ahead, motorists in the region are still saving when they fill-up. 

West Coast

Pump prices in the West Coast region are among the most expensive in the country, with more increases expected as states in the region ease restrictions this week. When compared to a week ago, California (+4 cents) and Nevada (+4 cents) saw the largest increases in the region. Arizona (-1 cent) saw the only decline. Hawaii ($3.17) and California ($2.80) remain the most expensive markets in the country. Washington ($2.45), Oregon ($2.38), Nevada ($2.35), Arizona ($2.07) and Alaska ($2.05) follow.

According to EIA’s latest weekly report, total gas stocks in the region decreased from 31.2 million bbl to 30.8 million bbl last week. As more motorists take to the roads in the region this week, gas demand is expected to continue to grow. Higher gas demand, amid falling gas stocks, will likely lead pump prices to increase this week.  

Oil Market Dynamics

At the end of Friday’s formal trading session, WTI increased by $1.87 cents to settle at $29.43 per barrel. Crude prices increased last week amid growing market optimism that crude demand continues to rebound as more states re-open and demand for gasoline has grown in recent weeks. For this week, crude prices may continue to rise if the market believes that the 9.7 million b/d production reduction agreement for May and June 2020 between the Organization of the Petroleum Exporting Countries and other major crude exporters, including Russia, is helping to rebalance the global oil market as demand remains low due to COVID-19. 

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.

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AAA Newsroom: Demand Destruction Reigns Supreme as Pump Prices Push Cheaper

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No Immediate Impact to Pump Prices Expected with OPEC+ Historic Global Reduction Announcement

The national gas price average has steadily declined for seven weeks, pushing the average cheaper by 61-cents to $1.86 today. During this timeframe (since late February), U.S. demand for gasoline has decreased 44% to 5 million b/d as gasoline inventories build across the country.

“We are seeing fast and furious gasoline demand destruction. The latest data reveals demand levels not seen since spring of 1968,” said Jeanette Casselano, AAA spokesperson. “Every U.S. region is seeing builds in gasoline inventories and crude storage, which is just driving pump prices even cheaper.”

On Sunday, the Organization of the Petroleum Exporting Countries plus (OPEC+), led by Saudi Arabia, announced historic global crude productions cuts – nearly 10 million b/d in May and June.

“While the production cut is historic, it’s likely to not have an immediate impact on pump prices given the ongoing impact the COVID-19 pandemic continues to have on crude oil prices and gasoline demand,” added Casselano.

At $1.86, today’s national average is 6-cents less than last week, 44-cents cheaper than a month ago and nearly $1 less than a year ago.

Quick Stats

  • The nation’s top 10 largest weekly decreases are: Alaska (-19 cents), Idaho (-17 cents), Wisconsin (-13 cents), Iowa (-11 cents), South Dakota (-11 cents), Arkansas (-11 cents), Wyoming (-11 cents), Minnesota (-10 cents), Utah (-10 cents) and Oregon (-9 cents).
  • The nation’s top 10 least expensive markets are: Wisconsin ($1.30), Oklahoma ($1.40), Ohio ($1.46), Kentucky ($1.51), Michigan ($1.52), Arkansas ($1.53), Indiana ($1.54), Iowa ($1.55), Mississippi ($1.57) and Missouri ($1.58).  

Great Lakes and Central States

Motorists in Michigan and Minnesota are seeing significant savings at the pump on the week, month and year. Both states land on the respective top 10 lists for biggest changes in the country:

State Weekly Difference Monthly Difference Yearly Difference
Wisconsin -13 cents -85 cents -$1.50
Minnesota -10 cents -52 cents -$1.04

With this week’s pump price declines, Illinois ($1.88) is in the only state in the region with an average more than $1.75/gallon. Wisconsin ($1.30) carries the cheapest average in the region and country.

Regional gasoline stocks measure at 60.5 million bbl – the highest levels in 14 months. The Energy Information Administration (EIA) reports for the week ending April 3, stocks built by 2.6 million bbl. Gas prices will continue to push cheaper in the week ahead even with a number of regional refiners announcing cuts to combat declining demand.

South and Southeast

Florida ($1.84) is the only South and Southeast state with an overage more than $1.75/gallon. Oklahoma ($1.40), Arkansas ($1.53) and Mississippi ($1.57) carry the cheapest averages in the region and land on the top 10 list of states with the lowest averages. On the week, states in the region saw pump price declines for 4 to 11 cents.

Compared to a year ago, motorist in the South and Southeast are seeing significant savings – some pennies away from or more than $1/gallon: Oklahoma (-$1.20), Arkansas (-98 cents), Texas (-97 cents), Tennessee (-97 cents) and Georgia (-97 cents).

The EIA’s latest report shows regional gasoline stock levels at nearly 82 million bbl. That is a nearly 4 million bbl year-over-year surplus during a season that typically sees high volumes of demand. Late last week there was an explosion and fire at Valero’s 135,000 b/d in Meraux, Louisiana. The extent of the damage is unclear, but this type of event would typically put some pressure on local or state prices. However, given the current environment, any loss of production is likely to not have an impact at pumps.

Mid-Atlantic and Northeast

Mid-Atlantic and Northeast states are seeing gas prices decrease, but at a slower rate as compared to neighbors in the South and Mid-West. On the week, these states saw the largest declines in the region: Washington, D.C (-8 cents), Vermont (-6 cents), Connecticut (-6 cents), Rhode Island (-6 cents) and West Virginia (-6 cents). Gas prices now range from as cheap as $1.71 in North Carolina to as expensive as $2.25 in New York.

On the month, motorists in the Mid-Atlantic and Northeast states are seeing a savings at the pump between 27 to 49 cents. Vermont (-49 cents) and Maine (-45 cents) have the largest month-over-month difference.

Gasoline stocks continue to build in the region according to the latest EIA data. For the second week stocks saw a significant increase. This time 4.6 million bbl to push total levels to 70.5 million bbl – which is the highest level recorded by the EIA for the region in decades. As motorists in the region continue to stay at home, especially with the Center for Disease Control urging residents of New York, New Jersey, and Connecticut to refrain from non-essential domestic travel, the region can expect to see  pump prices push cheaper as stocks to continue to increase.

Rockies

Three states in the Rockies region now have averages less than $2/gallon: Wyoming ($1.98), Montana ($1.90) and Colorado ($1.85). With a 17 cent decrease on the week, Idaho ($2.02) is close to joining the sub-par $2/gallon list. The state also saw the largest decrease in the region and the second largest in the country. Motorists in Utah ($2.17) are seeing gas prices decline, just not as fast as neighboring states.

For a second week, gasoline stocks increased. Total levels are now at a very health 9.4 million bbl – one of the highest measures on record. Stocks built as people are staying at home. Which is a reason regional refinery utilization is down to 71%, an unusually low rate reported by the EIA. Gas prices will continue to push cheaper, but the rate could slow at which they are decreasing.

West Coast

The West Coast region is seeing significant decreases despite carrying some of the most expensive averages in the country. On the week, Alaska (-19 cents) saw the largest decline in the region and the country. Hawaii ($3.24) and California ($2.87) remain the most expensive markets in the country. Washington ($2.59), Oregon ($2.54), Nevada ($2.45), Alaska ($2.21) and Arizona ($2.28) follow.

According to EIA’s latest weekly report, total gas stocks in the region increased from 34.06 million bbl to 34.9 million bbl last week. The increase in supply, alongside low crude prices and demand, will likely help to push pump prices lower in the region this week.

Oil Market Dynamics

At the end of Thursday’s formal trading session, WTI decreased by $2.33 to settle at $22.76 per barrel. Crude prices were volatile last week, during the run-up to OPEC’s historic agreement with its allies, including Russia. The group met to discuss global crude production cuts of up to 9.7 million b/d for May and June 2020. Under the new production reduction agreement, OPEC and its allies expect total global oil cuts to amount to more than 20 million b/d or 20 percent of global supply. Effective May 1, the production cuts are expected to ease in June, but some restrictions will remain in place through April 2022.

Crude prices will likely remain volatile this week, as the market assesses if the production cuts are sufficient to hold back growing global crude inventories as COVID-19 continues to push down demand.

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.

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AAA Newsroom: Two-Thirds of All States See Double-Digit Pump Price Drop on the Week

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Eleven States Have Gas Price Average of $2/Gallon or Less

As crude oil prices trend close to $30/bbl, Americans are seeing pump prices plummet across the country. On the week, gas price averages in 35 states decreased by double-digits, pushing the national average to $2.25, the cheapest price point of the year.

“The national gas price average is 13 cents cheaper on the week and nearly 20 cents less than the beginning of the month. These are significant decreases in just 7 and 16 days,” said Jeanette Casselano, AAA spokesperson. “AAA expects gas prices to continue trending cheaper, with the high likelihood of the national average hitting $2/gallon before the end of March.”

During this uncertain time of COVID-19, gas prices are declining despite increasing gasoline demand and decreasing U.S. stock levels.

Quick Stats

  • The nation’s top 10 largest weekly decreases are: Ohio (-27 cents), Kentucky (-21 cents), Michigan (-21 cents), Wisconsin (-21 cents), Indiana (-19 cents), Illinois (-19 cents), Oklahoma (-15 cents), Iowa (-15 cents), Maine (-15 cents) and Minnesota (-15 cents).  
  • The nation’s top 10 least expensive markets are: Oklahoma ($1.92), Texas ($1.96), Mississippi ($1.96), South Carolina ($1.97), Ohio ($1.97), Indiana ($1.97), Missouri ($1.98), Kentucky ($1.99), Louisiana ($2.00) and Alabama ($2.00).  

Great Lakes and Central States

Some of the largest weekly pump price savings in the country can be found in the Great Lakes and Central states. Eight out of the top 10 largest weekly decreases are states from the region: Ohio (-27 cents), Kentucky (-21 cents), Michigan (-21 cents), Wisconsin (-21 cents), Indiana (-19 cents), Illinois (-19 cents), Iowa (-15 cents) and Minnesota (-15 cents). All states in the region saw double-digit decreases, with South Dakota (-10 cents) seeing the smallest decrease on the week.

With the substantial drops at the pump, state gas prices in the region are relatively cheap, ranging from as low as $1.98 in Missouri to a high of $2.30 in Illinois.

With a draw of 1.8 million bbl, the Great Lakes and Central states region saw its first substantial drop in gasoline stocks in two months, according to the Energy Information Administration’s latest report. At 58 million bbl, stock levels remain healthy and in line with levels this time last year. If stocks were to decrease again in the coming week that would traditionally mean a pump price increase, but given current trends it’s more likely gas prices would decrease.

South and Southeast

Four states in the South and Southeast region have a gas price average below $2/gallon: Oklahoma ($1.92), Texas ($1.96), Mississippi ($1.96) and South Carolina ($1.97). It’s likely other states in the region will fall below the two dollar price point in the coming week, including: Louisiana ($2.00), Alabama ($2.00), Arkansas ($2.01), Tennessee ($2.03) and Georgia ($2.07). At $2.16, New Mexico and Florida carry the most expensive state averages in the region.

State gas price averages in the South and Southeast are 10 to 15 cents cheaper on the week. Oklahoma (-15 cents) saw the largest decline in the region and ranks among the top 10 states with the biggest pump price change in the last seven days.

Gasoline stocks saw another week of substantial draw, this time 3.7 million bbl. The EIA reports that with the latest draw, total regional stock levels measure at 83 million bbl – the lowest level seen since the end of December last year. Year-over-year, regional stocks are sitting at a 4 million bbl deficit. Typically this could push gas prices more expensive, but its likely motorists in the region will see cheaper gas prices in the week ahead due to market uncertainties associated with the coronavirus.

Mid-Atlantic and Northeast

On the week, motorists in the Mid-Atlantic and Northeast region saw average declines of 6 to 15 cents. Maine ($2.21) saw the biggest weekly difference of any state in the region.

State gas price averages are $2.50 or less for every state in the region. New York ($2.48), Washington, D.C. ($2.47) and Pennsylvania ($2.46) carry the highest averages in the region while North Carolina ($2.07) and Virginia ($2.06) have the cheapest regional averages.

Gasoline stocks built by 400,000 bbl, bumping total regional stock levels to nearly 64 million bbl. More positive news for the region was revealed in EIA’s latest report: refinery utilization increased for the first time since early January, up almost three percentage points to nearly 59%. In the coming week, regional gas prices are likely to follow the national trend of pushing cheaper. 

Rockies

Three Rockies states land on the top 10 list of states with the smallest weekly change: Utah (-1 cent), Idaho (-2 cents) and Wyoming (-3 cents). Montana (-8 cents) and Colorado (-11 cents) saw more significant pump price drops.  Regional gas price averages range from as cheap as $2.18 in Colorado to $2.53 in Idaho.

Stocks dipped slight by 140,000 bbl to 9.1 million bbl. Compared to last year at this time, EIA data shows that current regional stock levels are at a 1.8 million bbl surplus. This healthy difference will likely keep state gas price averages declining in the week ahead, though potentially only by a few pennies for most of the region.

West Coast

Like the rest of the country, pump prices in the West Coast region have declined and are poised to continue their descent this week, as crude prices remain low. When compared to a week ago, California (-10 cents) saw the largest decline. Hawaii ($3.52) and California ($3.34) remain the most expensive markets in the country. Washington ($3.02), Oregon ($2.92), Alaska ($2.86), Nevada ($2.82) and Arizona ($2.67) follow.

According to EIA’s latest weekly report, total gas stocks in the region increased slightly from 31.41 million bbl to 31.64 million bbl, which is 1.14 million bbl lower than the level at this time in 2019. Pump prices are likely to continue decreasing this week, barring any supply challenges.

Oil Market Dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by 23 cents to settle at $31.73. Fears about COVID-19 and the crude price war between Russia and Saudi Arabia pushed crude prices lower last week. After President Trump announced that the U.S. Department of Energy would purchase oil to top off the Strategic Petroleum Reserve, crude prices rallied briefly. However, the announcement is unlikely to help increase crude prices further since the limited number of barrels the U.S. could purchase is small when compared to the dramatic reduction in global crude demand as a result of reduced economic activity due to COVID-19. Moving into this week, crude prices are likely to continue decreasing as the world grapples with how to contain the ongoing international public health crisis and associated economic challenges that could lead to a global recession. Until the price war ends and fears about COVID-19 subside, domestic crude prices are likely to remain low.

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.

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AAA Newsroom: Six Hotels and Five Restaurants Earn AAA’s Coveted Five Diamond Designation

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Five Diamond establishments are noted for world-class luxury and extraordinary service

ORLANDO, Fla. (Feb. 19, 2020) – With the addition of six hotels and five restaurants, AAA has unveiled the 2020 Five Diamond list, comprising just 119 hotels and 67 restaurants. This exclusive group represents less than 1% of the nearly 60,000 AAA Diamond establishments across the United States, Canada, Mexico and the Caribbean.

“AAA Five Diamond hotels and restaurants represent the best of AAA’s transformed Diamond Program,” said Stacey Barber, executive director, AAA Travel Information & Content. “These hotels and restaurants consistently exceed expectations by providing their guests highly personalized, memorable experiences. They truly represent the upper echelon of the hospitality industry.”

Hotels

Five Diamond hotels, which include just 0.4% of the nearly 27,000 AAA Diamond lodgings, are noted for world-class luxury, amenities and indulgence for a once-in-a-lifetime experience.

  • Boston Harbor Hotel (Boston, MA) – Gracious hospitality is prevalent at this luxury hotel, which merges modernity and classic décor. The guest rooms offer a supremely luxurious experience with a view of marina activity and local marine life from Boston Harbor’s Rowes Wharf. (Upgraded from Four Diamonds)
  • Four Seasons Resort Scottsdale at Troon North (Scottsdale, AZ) – Well-designed landscaping seamlessly blends with the desert surroundings, allowing for striking views from the territorial-style casitas, each with a fireplace and terrace. (Upgraded from Four Diamonds)
  • Hotel Bel Air (Los Angeles, CA) – This classical establishment was brought into the 21st century with contemporary, elegant and high-quality décor. The location is the perfect backdrop in which to enjoy the meticulously manicured gardens and the lovely pond, home to graceful swans. (Upgraded from Four Diamonds)
  • Hotel Xcaret Mexico (Playa del Carmen, Mexico) – This all-inclusive resort is packed with activities, including eight theme parks, many pools, three exercise rooms, and a private island. Many of the modern rooms open up to pools or the river. (New listing)
  • Mandarin Oriental, Canouan (Canouan, St. Vincent and the Grenadines) – This world-class property, unique for its remote location, offers just 26 large suites and 13 villas, as well as a private beach, impressive marble work throughout, and leading-edge technology enhancements. (New listing)
  • UNICO 20°N 87°W Hotel Riviera Maya (Akumal, Mexico) – This unique property features guest rooms with spacious balconies offering an oversize seating area and large oval-shaped hot tubs. Each guest room is assigned a local host who is tasked with ensuring that guests have a pleasurable stay to maximize their valuable vacation time. (Upgraded from Four Diamonds)

Restaurants

Five Diamond restaurants, just 0.2% of more than 30,000 AAA Diamond restaurant listings, feature leading-edge cuisine, ingredients and preparation with extraordinary service and surroundings.

  • Ha’ (Playa del Carmen, Mexico) – Guests will discover themselves surrounded by flowing water as they enter the dining room. The ever-changing, contemporary, seven-course tasting menu reflects a variety of regional influences, paired with fine Mexican wines. (New listing)
  • Le Baccara (Gatineau, Canada) – Nestled atop Casino du Lac-Leamy, this adults-only dining room has a bank of oversize windows, which afford views of the Ottawa skyline. Custom table settings, fine crystal stemware, an impressive art collection and distinctive service make this a favorite place for special occasions. (Upgraded from Four Diamonds)
  • Providence (Los Angeles, CA) – Prepare for a thrilling culinary adventure, and, for an optimum experience, select the multicourse chef’s tasting menu. It changes seasonally, but count on unusual and exotic choices like local Santa Barbara sea urchin, Pacific geoduck (a large saltwater clam native to the West Coast) and Australian spanner crab. (New listing)
  • SingleThread Farm – Restaurant – Inn (Healdsburg, CA) – Enjoy an amazing 11-course dinner that is expertly served using ingredients from the chef/owner’s nearby farm and artisan items from around the world. Dishes may include Santa Barbara abalone, smoked trout and braised lamb, each artfully presented. (New listing)
  • Smyth (Chicago, IL) – This remarkable restaurant partners with an Illinois farm to supply its creative kitchen with fresh products. Choose between three prix-fixe menus, each offered with a variety of wine pairings. Every dish emerges as a work of art in both its appearance and amazing flavor. (New listing)

To earn the coveted AAA Five Diamond designation, hotels and restaurants must pass a rigorous evaluation that includes unannounced, in-person inspections, anonymous overnight stays for hotels, and, finally, review by a panel of experts as an additional step to ensure credibility. All AAA Diamond Program hotels and restaurants are re-evaluated annually to ensure they provide the best experience for travelers and diners.

AAA Four Diamond hotels and restaurants, which represent just 4.2% of the total, are also an exclusive group. They must be refined and stylish with upscale physical attributes, extensive amenities and a high degree of hospitality, service and attention to detail. This year, there are 1,718 Four Diamond hotels and 682 Four Diamond restaurants, including 125 new hotels and 62 new restaurants.

To see the complete lists of 2020 AAA Four and Five Diamond hotels and restaurants, visit AAA.com/DiamondAwards. To see which cities and states have the most award winners, see AAA Four Diamond and Five Diamond facts.

In January, AAA unveiled a contemporized version of its highly acclaimed AAA Diamond Program, modernized to meet the needs of today’s travelers. A new Diamond designation reflecting AAA’s professional inspector reviews using updated guidelines sets the program apart from services that rely on unverified hotel and restaurant ratings. For more information, visit AAA.com/Diamonds.

About the AAA Diamond Program

For more than 80 years, AAA’s professional inspectors have conducted in-person property evaluations. AAA is the only entity using comprehensive, on-site professional hotel and restaurant evaluations guided by member priorities. AAA’s inventory includes some 60,000 Diamond hotels and restaurants across the United States, Canada, Mexico and the Caribbean. Travelers can find AAA Diamond hotels and restaurants and inspector insight in AAA’s trip planning products: AAA Mobile app, AAA Travel Guides, TripTik Travel Planner and the AAA TourBook guides available to members at AAA offices. For more information, visit AAA.com/Diamonds.

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.

 

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AAA Newsroom: AAA:  Owning an Electric Vehicle is the Cure for Most Consumer Concerns  

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New study pulls back the curtain on the experience of going green and costs of ownership

ORLANDO, Fla. (Jan. 22, 2020) – New research from AAA finds that over five years and 75,000 miles of driving, the annual cost of owning a new compact electric vehicle is only slightly more expensive – about $600 annually – than its gas-powered counterpart. The study also revealed that the experience of owning an electric vehicle eases one of the biggest fears associated with these cars – range anxiety. 

According to AAA’s survey, prior to owning an electric vehicle, a majority of owners (91%) said that they had at least one concern – things like insufficient range, implications for long-distance travel and finding a place to charge. Post purchase, many of these worries disappeared. AAA believes that if consumers have a better understanding of the real cost and experience of owning an electric vehicle, then the gap between expressed interest and adoption will begin to close.

“Although 40 million Americans have shown interest in buying electric for their next car, actual adoption is happening at a much slower rate,” said Greg Brannon, AAA’s director of Automotive Engineering and Industry Relations. “AAA wanted to understand what kind of impact the experience of owning an electric vehicle has on perception of these cars and maybe more importantly, if given the chance would consumers choose to go green again.”

AAA’s survey of electric vehicle owners, 71% of whom had not previously owned an electric car, revealed some interesting results:

  • The majority (96%) say they would buy or lease another electric vehicle the next time they were in the market for a new car.
  • Two in five (43%) say they drive more now than when they owned a gas-powered car. On average, electric vehicle owners drive 39 miles per day.
  • Three quarters (78%) also have a gas-powered car in the household, yet they report doing a majority of their driving (87%) in their electric vehicle.

Perhaps the most surprising result of the survey was the impact ownership has on commonly-held fears about electric vehicles, particularly those that have deterred consumers from making the leap to green. Previous AAA research has found that the top two reasons why Americans shy away from electric vehicles are not enough places to charge (58%) and the fear that they will run out of charge while driving (57%). Almost all owners surveyed (95%) report never having run out of a charge while driving and on average, they do three fourths (75%) of their charging at home. Likely as a result, those who were originally concerned about insufficient range said they became less or no longer concerned post-purchase (77%).

“Range anxiety has been synonymous with electric vehicles from the beginning,” said Brannon. “Hearing firsthand from owners that this is no longer a worry may change the mind of those who have otherwise been skeptical to the idea of owning an electric vehicle.”

Employing the same methodology used for its annual Your Driving Costs study, AAA calculated the costs for owning a new compact electric vehicle as compared to that of its gas-powered counterpart. Although the study found that overall cost of electric vehicle ownership is 8% more per year, individual categories such as fuel and maintenance/repair are lower.

  • Fuel – the electricity required to drive 15,000 miles per year in a compact electric vehicle costs an average of  $546, while the amount of gas required to drive the same distance costs $1,255 (or 130%) more.
  • Maintenance/Repair/Tires – electric vehicles do not require as much maintenance as gas-powered ones since they don’t need oil changes or air-filter replacements. If maintained according to the automakers’ recommendations, electric vehicles cost $330 less than a gas-powered car, a total of $949/annually.

Vehicle ownership, whether electric or gas-powered, is a personal choice that should take many factors into consideration. For consumers who are interested in electric vehicles, AAA recommends visiting a dealership, test driving one and asking as many questions as possible to make an informed decision.

Methodology

The electric vehicle and internal combustion engine driving costs in this study were established using the proprietary methodology employed for AAA’s Your Driving Costs (YDC) project. The 2019 electric vehicle models selected for this study were:  Chevrolet Bolt (LT), Hyundai Ionic Electric (Base), Kia Soul EV (+), Nissan Leaf (SV) and Volkswagen eGolf (SE). The 2019 internal combustion engine vehicles selected for the comparison were:  Chevrolet Cruze (LS), Honda Civic (LX), Hyundai Elantra (SE), Nissan Sentra (SV) and Toyota Corolla (SE). This methodology models the purchase of a new vehicle for personal use over a period of five years and 75,000 miles. A copy of the 2019 AAA Your Driving Costs brochure with the latest study results is available at https://bit.ly/35I5GG8.

The survey of electric vehicle owners was conducted using a consumer panel maintained by a third-party electric vehicle research firm. The online panel consists of more than 40,000 electric vehicles owners, weighted to balance drivers by vehicle type, make and model. In total, 1,090 surveys with plug-in electric vehicle (PEV) owners were completed during a 24 hour period on October 1, 2019.

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.

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AAA Newsroom: Record Number of Holiday Motorists Expected Across the Country this Week

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More than 100 million Americans are taking to the roadways to travel for the holidays, but that hasn’t had a large impact on gas prices. At the start of the work week, only about a dozen states are seeing more expensive gas prices with increases of less than a dime.

“AAA forecasts that 104 million Americans will travel by car – the most on record – for a year-end holiday,” said Jeanette Casselano, AAA spokesperson. “The substantial number of motorists has caused some state averages to increase heading into the holiday week, but these jumps aren’t big and won’t last long or linger past the holiday season.”

Today’s national average is $2.54, which is a penny less than last week and a nickel cheaper than last month. While the national gas price average continues to slowly edge cheaper, it is noticeably more expensive as compared to last year’s holidays – by nearly 20 cents. However, this isn’t deterring people from taking their holiday road trips and some states are seeing lower averages than last year.

Quick Stats

• The nation’s top 10 least expensive markets are: Missouri ($2.19), Mississippi ($2.21), Texas ($2.22), Oklahoma ($2.22), Louisiana ($2.23), Arkansas ($2.25), Kansas ($2.26), Alabama ($2.26), South Carolina ($2.28) and Tennessee ($2.31). 

• The nation’s top 10 largest weekly changes are: Kentucky (+9 cents), Idaho (-9 cents), Nevada (-8 cents), North Carolina (+5 cents), Illinois (-5 cents), Utah (-5 cents), Nebraska (+4 cents), Indiana (+4 cents), Colorado (-4 cents) and California (-3 cents).

Great Lakes and Central States

Four Great Lakes and Central States land on the top 10 list for largest weekly changes, but for increases and decreases alike: Kentucky (+9 cents), Illinois (-5 cents), Nebraska (+4 cents) and Indiana (+4 cents). The three states with large jumps are exceptions for  the region. Filling up continues to be less expensive for the majority of motorists in the region thanks to mostly increasing stock levels since the beginning of November. 

While regional prices are mostly cheaper on the week, they range from 18 cents to 47 cents more expensive compared to this time last year. This is likely due to higher winter crude oil prices. 

The Energy Information Admiration’s (EIA) latest data shows that stocks built by 1.4 million bbl to total 51.6 million bbl. Currently, regional stocks sit at their highest level since early September, which is helping the majority of the region see cheaper weekly gas prices. 

Mid-Atlantic and Northeast

Motorists across the Mid-Atlantic and Northeast states are seeing mostly more expensive gas prices at the start of the holiday week: North Carolina (+5 cents), Maryland (+2 cents), New Jersey (+2 cents), Virginia (+2 cents), Delaware (+2 cents), West Virginia (+2 cents), New York (+1 cent), New Hampshire (+1 cent), Maine (+1 cent) and Connecticut (+1 cent). Increases are incremental and likely due to the substantial amount of holiday motorists – 16 million in the Northeast – expected to travel this week.

In the region, Pennsylvania ($2.75) carries the most expensive state gas price average and lands on the top 10 list of most expensive averages in the country. 

EIA data shows that regional gasoline stocks built, but by a marginal 600,000 bbl, to total 62.9 million bbl. In the same timeframe, regional refinery rates increased, though only by 1%. Gas prices are likely to see some fluctuation in the week ahead, but any increases are not expected to be large spikes or to linger for very long.

South and Southeast

Motorists traveling through the South and Southeast during the holidays will find some of the cheapest state gas prices in the country, ranging from $2.19 – $2.41. Drivers in the region are starting the work week with gas prices slightly more or less expensive, but only by a few pennies. Florida (-4 cents) and New Mexico (-3 cents) saw the largest declines while Tennessee (+2 cents) saw the largest increase. 

Pump prices saw mostly minimal movement as did gasoline stocks and regional refinery rates. EIA data shows stock levels maintained at a healthy 83.4 million bbl, which includes a marginal 24,000 bbl weekly build. Regional refinery rates dipped slightly, down 2%, to 91%. Despite these small jumps, motorists can expect gas prices to edge cheaper following the holidays. 

West Coast

Pump prices in the region continue to decline, with allstates seeing their averages less expensive this winter compared to last year. On the week, Nevada (-8 cents) saw the largest decreases in the region. Hawaii ($3.65) and California ($3.59) remain the most expensive markets in the country. Washington ($3.18), Nevada ($3.06), Oregon ($3.05), Alaska ($3.03) and Arizona ($2.85) follow.

Increased gasoline stocks continue to help put downward pressure on pump prices, even as demand remains robust. According to EIA’s report for the week ending on December 13, total gas stocks in the region grew by approximately 500,000 bbl, bringing the total to 31.63million bbl. The current supply level is 4.08 million bblhigher than last year’s level at this time, which will likely continue to help prices in the region decline throughout the week.

Rockies

Rockies states are seeing some of the largest weekly decreases in the country with Idaho (-9 cents), Utah (-5cents), and Colorado (-4 cents) landing this week’s top 10 list. Pump prices in Montana and Wyoming also edged cheaper during the last seven days.

In the region, state averages range from $2.61 – $2.75, which are very similar to prices last year at this time. This is true for all Rockies states with the exception of Colorado whose average is 36 cents more expensive than this time last year. In Colorado, this year-over-year difference is likely related to more expensive year-end crude oil prices. 

The EIA’s latest report shows gasoline stocks higher on the week, jumping to 7.6 million bbl as refinery utilization increased by 4%, to 96%. This winning combination means motorists in the region will see gas prices push even cheaper through the year-end. 

Oil Market Dynamics 

At the close of Friday’s formal trading session on the NYMEX, WTI decreased by 74 cents to settle at $60.44. Crude prices ended the week up slightly over the previous week amid increased optimism that trade tensions are continuing to decline between the U.S and China — the world’s two largest crude oil consumers. This hope has reduced market concerns that global crude demand will decrease next year, helping to raise price expectations for early 2020.

Crude prices also increased this week after EIA’s recent petroleum status report revealed that total domestic crude stocks decreased by 1.1 million bbl to 446.8 million bbl last week. Total domestic stocks are 5.4 million bbl higher than where they were at this time in 2018.

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.

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AAA Newsroom: Thanksgiving Holiday Week Gas Prices Poised to be Similar to or Cheaper Than Last Year for Majority of Travelers

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For the 49 million Americans hitting the road for the Thanksgiving holiday, they will find gas prices mostly similar, if not cheaper, than last year’s holiday. Today’s national average is $2.59. That is just a few cents over the 2018 holiday weekend average of $2.57.  

“During Thanksgiving week last year we saw the national gas price average decrease a nickel between Monday and Thursday, that could be the case again this year,” said Jeanette Casselano, AAA spokesperson. “AAA recommends holiday road-trippers use the AAA app to find current gas prices along their route.”

Today, 61% of all gas stations in the country are selling regular unleaded for $2.50 or less. On the week, gas prices are flat.

Quick Stats

  • The nation’s top 10 least expensive markets are: Louisiana ($2.21), Mississippi ($2.22), Texas ($2.25), Missouri ($2.25), Alabama ($2.27), Oklahoma ($2.28), South Carolina ($2.28), Arkansas ($2.29), Tennessee ($2.30) and Virginia ($2.31).
  • The nation’s top 10 largest weekly changes are: Ohio (-12 cents), California (-9 cents), Michigan (+8 cents), Oregon (-5 cents), Alaska (-5 cents), Nevada (-5 cents), Washington (-4 cents), Pennsylvania (+4 cents), Utah (+4 cents) and Missouri (-3 cents).

Mid-Atlantic and Northeast

States in the Mid-Atlantic and Northeast region carry some of the largest year-over-year gas price savings with six state averages at least a dime cheaper than last Thanksgiving week. This includes: Connecticut (-19 cents), Rhode Island (-17 cents), New York (-15 cents), Vermont (-14 cents), New Hampshire (-15 cents) and Washington, D.C. (-11 cents). However, motorists filling up in Delaware (+12 cents), Maryland (+5 cents) and Pennsylvania (+3 cents) are paying more than this time last year.

On the week, gas prices are relatively flat with most states seeing gas prices decrease a few cents. Pennsylvania (+4 cents) and Virginia (+1 cent) were the only states to see pump prices increase.

Motorists could see some small increases at the pump as we get closer to Thanksgiving and heavy travel times. An increase could also be the result of decreasing stocks in the region. The latest Energy Information Administration (EIA) report shows a draw of 1.78 million bbl which brings the current total stock to 58.3 million bbl.

Great Lakes and Central States

Gas prices are more expensive compared to this time last year for 9 of the 13 Great Lakes and Central states, with these four state averages a dime or more higher: Illinois (+16 cents), Ohio (+16 cents), Indiana (+15 cents) and Michigan (+11 cents). Four other states have more expensive prices, but not in the double-digits: Kentucky (+8 cents), Iowa (+7 cents), Missouri (+7 cents), Nebraska (+6 cents) and Kansas (+4 cents).

On the week the majority of states saw a decrease or no change in gas prices. This was due to gasoline stocks holding steady at 46.4 million bbl and a one percent increase in regional refinery utilization. However, two states did see prices increase on the week: Michigan (+9 cents) and Wisconsin (+2 cents). If refinery rates increase to help build stocks, most motorists in the region could expect gas prices to be cheaper through year-end.

South and Southeast

Heading into the holiday weekend, states in the South and Southeast tout the cheapest gas prices in the country, including the top 8 of the 10 least expensive averages in the country: Louisiana ($2.21), Mississippi ($2.22), Texas ($2.25), Alabama ($2.27), South Carolina ($2.28), Oklahoma ($2.28), Arkansas ($2.29) and Tennessee ($2.30). New Mexico ($2.50) carries the most expensive average in the region.

Oklahoma (+6 cents), South Carolina (+4 cents), Georgia (+4 cents) and Texas (+1 cent) are the only states in the South and Southeast with gas prices more expensive than a year ago. The other seven states carry cheaper year-over-year gas price averages between one and six cents. 

With a 2.1 million bbl increase, regional gasoline stocks sit at a healthy 80.6 million bbl. The build was aided by a 3% increase in regional refinery utilization. The EIA has not measured stock levels or regional refinery rates at these high levels for the South and Southeast region since early October and end of September, respectively. This combination should cause gas prices to decrease following the Thanksgiving holiday.

West Coast

Pump prices are continuing to decline in the region after prices spiked due to planned and unplanned refinery maintenance over the past month. Increased gasoline stocks have helped to put downward pressure on pump prices, as demand remains robust. According to EIA’s report for the week ending on November 15, gas stocks in the region grew by a hefty 1.9 million bbl, bringing the total to 28.49 million bbl. The current supply level is 1.6 million bbl higher than last year’s level at this time, which should continue to help prices decline ahead of the busy Thanksgiving holiday.

California ($3.86) and Hawaii ($3.65) are the most expensive markets in the country. Washington ($3.34), Nevada ($3.30), Oregon ($3.21), Alaska ($3.14) and Arizona ($2.92) follow. All averages have declined on the week in the region, with California (-9 cents) seeing the largest drop.

Rockies

Filling-up in the Rockies states during the Thanksgiving holiday will be more expensive for some motorists while others will be paying less for gas than they did at this time last year. State gas price averages rank between the 7th and 13th highest in the country. Two states are within a nickel or less of hitting $3/gal: Idaho ($2.97), Utah ($2.95), Colorado ($2.79), Wyoming ($2.73) and Montana ($2.69).

Compared to last year’s holiday, Colorado (+12 cent) and Utah (+3 cents) have more expensive averages. Meanwhile motorists in Montana (-17 cents) and Wyoming (-14 cents) are paying a lot less than last year. Idaho’s average is consistent with a year ago.

Gas prices are likely only to see minimal fluctuation in the week ahead. The latest EIA data shows stock levels at 6.9 million bbl, which is a healthy level for the region at this time of year.

Oil Market Dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI decreased by 81 cents to settle at $57.77. However, crude prices increased slightly in recent reports (about a nickel) due to reports that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are likely to extend their current production reduction agreement through the middle of 2020 at OPEC’s meeting in Vienna on December 5 – 6. Price gains were limited by continued market fear that the trade war between China and the U.S. – the world’s two largest crude consumers – will reduce crude demand moving into next year. If trade tensions increase this week, crude prices could decrease further.

In related news, EIA’s weekly report showed that total domestic crude inventories increased by 1.4 million bbl last week, bringing the new total to 450.4 million bbl. The current level is 3.5 million bbl higher than last year’s level at this same time. 

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.

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AAA Newsroom: Pump Prices are a Treat for Majority of Motorists

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The national gas price average dropped by four cents on the week to $2.60, despite a jump in gasoline demand and a draw in gasoline stocks. That is the largest one-week decrease since gas prices started to increase more than six weeks ago. Today’s average is a nickel cheaper than last month and 21-cents cheaper than last year at this time.

“On the week, more than half of all states saw gas prices decrease,” said Jeanette Casselano, AAA spokesperson. “A handful of Great Lakes and Central states saw the largest declines at the pump, while pump prices primarily increased in the West Coast and Rockies regions.”

Refinery maintenance across the country continues, though utilization rates have increased in the last week. This could mean further declines to the national average in the weeks ahead if demand drops. 

Quick Stats

  • The nation’s top 10 largest weekly changes are: Indiana (-14 cents), Ohio (-14 cents), Michigan (-14 cents), Kentucky (-11 cents), California (-8 cents), Florida (-7 cents), Alaska (+7 cents), Nevada (-6 cents), Illinois (-6 cents) and Wisconsin (-5 cents).
  • The nation’s top 10 least expensive markets are: Louisiana ($2.23), Mississippi ($2.24), Texas ($2.25), Alabama ($2.27), South Carolina ($2.27), Missouri ($2.28), Arkansas ($2.29), Oklahoma ($2.29), Virginia ($2.29) and Tennessee ($2.30).

West Coast

Pump prices in the West Coast region continue to fluctuate after a number of refineries in the region underwent planned and unplanned maintenance over the past few weeks. This includes the Olympic Pipeline, which can transport 300,000 b/d of refined products in the region. The pipeline reduced its capacity to undergo unplanned work last week. The pipeline is expected to operate at reduced capacity this week, which will likely put pressure on tight supplies in the region and cause prices to remain high. Additionally, regional power cuts may take some gas stations offline in areas impacted by the fires in California, potentially putting pressure on pump prices.

California ($4.06) and Hawaii ($3.66) are the most expensive markets in the country. Nevada ($3.38), Washington ($3.42), Oregon ($3.34), Alaska ($3.14) and Arizona ($2.90) follow. California (-8 cents) and Nevada (-6 cents) saw the largest decreases, while Alaska (+7 cent) saw the largest increase on the week.

The Energy Information Administration (EIA) report for the week ending Oct. 18 showed that total West Coast gasoline stocks mostly held steady from 26.23 million bbl to 26.25 million bbl. The current level is approximately 700,000 bbl lower than this same time last year. Tighter supplies will continue to keep prices high this week, but as refineries resume normal gasoline production levels and imports enter the region, pump prices are expected to continue stabilizing.

Great Lakes and Central States

Four Great Lakes and Central states top the charts for the largest weekly decreases in the country: Indiana (-14 cents), Ohio (-14 cents), Michigan (-14 cents) and Kentucky   (-11 cents). Illinois (-6 cents) and Wisconsin (-5 cents) round out the top 10 list. All states in the region have cheaper week-over-week averages with state averages ranging from $2.89 to $2.63.

Across the region, state averages are cheaper on the week, month and year. Motorists in this region have the largest savings compared to last year. Pump prices range, on average, from 18 to 36 cents cheaper. On the month, pump prices are a nickel to 14 cents less.

Stocks drew by 2 million bbl in EIA’s latest report for the week ending Oct.18. At 48.5 million bbl, gasoline stocks sit at their lowest level since this past June, but are on par with levels from this time last year. The latest refinery utilization rate was recorded at 84%, the second lowest in the country. Motorists are likely to see typical volatility at the pump into early November as regional refineries undergo maintenance.

South and Southeast

While all state gas price averages in the South and Southeast are cheaper on the week, motorists in the region are finding the real cost savings compared to last year. Three states in the region land on the top 10 list for largest yearly change: Louisiana (-32 cents), Florida (-31 cents) and Georgia (-30 cents). At a quarter less, South Carolina has the lowest year-over-year difference.

In the region, gas prices range from $2.23 to $2.39. Florida and Georgia have the highest and same pump price. Eight of the 10 cheapest state gas price averages are from the South and Southeast: Louisiana ($2.23), Mississippi ($2.24), Texas ($2.25), Alabama ($2.27), South Carolina ($2.27), Arkansas ($2.29), Oklahoma ($2.29) and Tennessee ($2.30).

Gasoline stocks drew by less than a half million bbl on the week to now measure at 78.6 million bbl. Meanwhile, regional refinery utilization jumped up from 84.5% to 88%. In the week ahead, motorists are likely to see stable or cheaper gas prices.

Mid-Atlantic and Northeast

Motorists in the Mid-Atlantic and Northeast states saw the smallest decreases in gas prices on the week of any region in the country. At most, pump prices only dropped three cents and only in three states: North Carolina ($2.39), Delaware ($2.35) and Virginia ($2.29). Most states in the region saw prices decrease by one to two cents or not drop at all. Washington, D.C. (+1 cent) was the outlier.

Compared to last year, Connecticut (-32 cents), Rhode Island (-32 cents) and New Hampshire (-31 cents) are among the top 10 states with the largest pump price difference. At 16-cents, Delaware has the smallest yearly change in pump prices. State gas prices averages in the Mid-Atlantic and Northeast region are also cheaper month-over-month, except in Washington, D.C. (+1 cent).

Gasoline stocks sit at 62.3 million bbl following a draw of 550,000 bbl in EIA’s latest data. Regional refinery utilization pushed up a percentage point to 60%. The relatively marginal week-over-week changes helped to keep fluctuations minimal. Despite sitting at a 5 million bbl gasoline deficit compared to last year at this time, the region is likely to see gas prices push cheaper or stabilize through early November.

Rockies

For a second week, Idaho (+4 cents) saw the largest weekly increase in the region followed by Utah (+3 cents). Colorado, Wyoming and Montana all saw pump prices increase by a penny. With these jumps, these three states land on the top 10 list of most expensive state averages: Idaho ($2.88), Utah ($2.77) and Colorado ($2.75). Montana ($2.71) and Wyoming ($2.69) rank as the 12th and 14th most expensive states, respectively.

Gasoline stocks declined by a marginal 120,000 bbl. Total stocks sit at 7.2 million bb as regional refinery utilization jumped 4% up to 85.6%. Gas prices have the potential to push cheaper in the week ahead if utilization remains high and stocks hold steady.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by 43 cents to settle at $56.66. Crude prices increased last week after EIA’s report revealed that total domestic crude inventories fell by 1.7 million bbl to 433.2 million bbl last week. Growth in crude exports, from 3.24 million b/d to 3.68 million b/d helped to push crude inventories lower. When compared to last year at this time, export rates are 1.5 million b/d higher. If total domestic crude inventories decrease again, crude prices could increase.

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.

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AAA Newsroom: AAA: Americans Are Loving International Travel, as Millions Make Plans to Travel Overseas

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AAA recommends travelers consider an International Driving Permit as part of their vacation planning

ORLANDO, Fla. (October 17, 2019) – One-quarter of Americans plan to take an international vacation over the next 18 months, according to a recent AAA Travel survey. AAA’s advance travel booking data suggests that many travelers will head to popular European destinations like Rome, London, Dublin and Paris, and warm-weather locales in Mexico and the Caribbean, including Cancun, Montego Bay and Punta Cana, with most travelers in search of unique experiences.

“More and more travelers are looking for experiential travel opportunities and seeking ways to intimately engage with their destination, whether at home or abroad,” said Paula Twidale, vice president, AAA Travel. “There are many ways to do that, especially with the great American road trip remaining a beloved vacation option and for many, AAA has found that road trips are increasingly appealing to U.S. travelers while overseas.”

AAA’s survey revealed that 80% of Americans have taken at least one vacation outside the United States, and two in five of those, or nearly 77 million adults, have rented or used a personal vehicle while doing so. Aligning with this finding, AAA reports a 33% increase in International Driving Permits (IDPs) sold in the last five years (through 2018).

An international driving vacation comes with additional planning considerations and paperwork for which travelers need to be prepared. More than 150 countries accept IDPs; many countries do not recognize U.S. driver’s licenses without an accompanying IDP, and it is illegal to drive without a valid license and insurance in most places. An IDP is a legal document that translates U.S. driver’s license information into 10 foreign languages and AAA is one of only two entities authorized by the U.S. Department of State to issue IDPs.

“Travelers can easily apply for an International Driving Permit with an application accessible online or in person at AAA, whether they are a member or not,” continued Twidale. “The nominal $20 fee is a small price to pay for peace of mind while traveling overseas.”

Top International Travel Destinations: Book Now for Savings

These are the top international travel destinations, based on AAA Travel bookings for trips over the next 18 months:

  1. Rome, Italy
  2. Cancun, Mexico
  3. London, England
  4. Dublin, Ireland
  5. Paris, France
  6. Montego Bay, Jamaica
  7. Punta Cana, Dominican Republic
  8. Vancouver, British Columbia, Canada
  9. Munich, Germany
  10. Barcelona, Spain

“Millions of Americans are making plans to travel internationally this year and next. For those who will not, AAA’s survey found that one of their top concerns is the expense,” said Twidale. “A trip out of the country doesn’t have to break your bank. There are opportunities to save, and now is the ideal time to do so. Many travel suppliers offer early payment incentives to travelers who book and pay for their trips before the end of the year. Travelers who lock in their plans now can take advantage of great cost savings.”

Tips for International Travel

Planning an international vacation can be a daunting task, but AAA Travel experts advise travelers they don’t have to go it alone. AAA recommends these additional tips to prepare for a trip overseas:

  • Seek the expertise of a knowledgeable travel agent; they can make recommendations and help navigate the myriad options available for international travel, saving time, money and the hassle of planning solo.
  • Review the AAA Travel Guides, recently enhanced with additional international destination information, for tips on where to go, how to get around, what to do and see, and what not to miss on vacation.
  • Consider purchasing travel insurance to protect your vacation investment and ensure a smooth vacation experience.
  • Be aware of your surroundings and remain vigilant while traveling internationally. Refer to the U.S. Department of State for detailed recommendations and country-specific information. Enroll in the Smart Traveler Enrollment Program (STEP), which makes it easier for the nearest embassy or consulate to contact U.S. citizens in case of an emergency.

Potential Impact of Brexit

Home to AAA’s third-most popular international travel destination, the United Kingdom is set to leave the European Union on Oct. 31. It is not clear whether or how tourism to the region will be affected. However, in the event no deal is struck between the governments of the UK and EU, travelers may experience delays at the border when crossing between the UK and other top destinations in Europe. Additionally, if travelers encounter any political protests or demonstrations, the U.S. Department of State cautions travelers to avoid those areas if possible, and to be careful within the vicinity of demonstrations. Travelers should continue to monitor the United Kingdom travel advisory and seek the expertise of a knowledgeable travel agent.

For more information or to start planning a trip, visit AAA.com/Travel.

Survey Methodology

AAA’s international travel findings are the result of a telephone survey conducted among two national probability samples (landline and cell phone) consisting of 1,002 adults living in the continental United States. Interviewing for this survey was conducted from August 22 to 28, 2019. This study has an average statistical error of ±3.1% at the 95 percent confidence level for all U.S. adults. Results are weighted by age, gender, region, race/ethnicity and education to be proportionally representative of the U.S. adult population.

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.

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AAA Newsroom: California’s Pump Prices Spike while Majority of Country Pays Less to Fill-Up

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The national gas price average continues to hold steady on the week at $2.65, which is nine cents more expensive than last month, but 26 cents cheaper than a year ago. Most motorists around the country are seeing prices decline or stabilize, with the majority of states seeing gas prices decrease by as much as a nickel since last Monday. But significant price jumps in California (+16 cents on the week) have pushed prices higher for motorists in the region, as gasoline stocks tighten along the West Coast.

“All regions are seeing planned and unplanned refinery maintenance, but it is only the West Coast that is really seeing gasoline stocks tighten and gas prices increase,” said Jeanette Casselano, AAA spokesperson. “On the whole, we are seeing gasoline demand mostly push lower amid stable, but healthy gasoline stock levels which are ultimately keeping prices cheaper for most motorists.”

Today, 51% of all gas stations in the country are selling regular unleaded for $2.50 or less, while 77% are selling for $2.75 or less.

Quick Stats

  • The nation’s top 10 largest weekly changes are: California (+16 cents), Nevada (+14 cents), Indiana (-8 cents), Delaware (-8 cents), Michigan (+6 cents), Oregon (+6 cents), Washington (+5 cents), Georgia (-5 cents), Maryland (-4 cents) and Texas (-4 cents).
  • The nation’s top 10 least expensive markets are: Louisiana ($2.27), South Carolina ($2.28), Mississippi ($2.28), Texas ($2.31), Alabama ($2.31), Arkansas ($2.31), Missouri ($2.32), Virginia ($2.32), Oklahoma ($2.33) and Tennessee ($2.34).

West Coast

Pump prices in the West Coast region have increased on the week, following a number of refinery outages that have tightened supply in the market. However, price increases have slowed as refineries work to resume production capacity. Assuming no additional outages, pump prices should stabilize toward the end of the week. California ($4.18) and Hawaii ($3.67) are the most expensive markets in the country. Nevada ($3.42), Washington ($3.28), Oregon ($3.16), Alaska ($2.95) and Arizona ($2.91) follow. California (+16 cents) saw the largest increase, followed by Nevada (+14 cents).

The Energy Information Administration’s (EIA) report, for the week ending on September 27, showed that total West Coast gasoline stocks decreased slightly from 27.1 million bbl to 27 million bbl. This level is approximately 900,000 bbl lower than this same time last year. Tighter supplies will continue to cause prices to spike, but as refineries resume normal gasoline production levels, pump prices are expected to stabilize.

Rockies

Motorists in the Rockies region continue to see little action at the pump with three state averages down on the week by one or two pennies: Utah ($2.78), Wyoming ($2.69) and Montana ($2.71). Idaho’s ($2.75) average held steady.

Both regional gasoline stocks and refinery utilization were relatively unchanged in EIA’s latest report. Gasoline stocks held at 7.7 million bbl while refinery dipped from 91.3% to 90.9%. The region could see some fluctuation should Rockies refineries be tapped to help back-fill tightening gasoline supplies in the West Coast region. The good news is gasoline stocks in the Rockies sit at the highest level of the year and show a year-over-year surplus, so any fluctuation should not be significant.

Great Lakes and Central States

Pump prices compared to a year ago are 20 cents to 45 cents cheaper for all motorists in the Great Lakes and Central states. Six states land on the top 10 list for largest yearly change: Indiana (-46 cents), Iowa (-45 cents), Nebraska (-39 cents), Kentucky (-39 cents), South Dakota (-39 cents), and Wisconsin (-39 cents).

On the week, all but three states in the region saw gas prices that are cheaper – by as much as four cents – or stable. Michigan (+6 cents), Ohio (+2 cents) and Illinois (+3 cents) were the outliers.

The region was just one of two to see gasoline stocks increase on the week. According to the latest EIA data, stocks built by nearly 1 million bbl to total 51 million bbl as regional refinery utilization held steady at 92%. The region is likely to see gas prices remain mostly stable or cheaper with the exception of typical volatility for a handful of states.

South and Southeast

Florida (+4 cents) was one of a handful of states east of the Mississippi to see gas prices jump on the week. All other states in the South and Southeast continued to see cheaper or stable pump prices with Georgia ($2.49), Texas ($2.31) and South Carolina ($2.28) seeing the largest decline of four cents.

Eight of the top 10 states with the cheapest averages in the country hail from the region: Louisiana ($2.27), South Carolina ($2.28), Mississippi ($2.28), Texas ($2.31), Alabama ($2.31), Arkansas ($2.31), Oklahoma ($2.33), and Tennessee ($2.34). Compared to a year ago, these state averages are at least 30 cents cheaper.

With a 1 million bbl draw, gasoline stocks dipped down to 79.3 million bbl. The drop in stocks can likely be attributed to an increase in exports and a dip in regional refinery utilization, which dropped by 4% to 88% – a regional rate not seen since March. The lower rate is due to planned and unplanned maintenance at refineries. However, with stocks at a healthy level, motorists are unlikely to see large swings at the pump.

Mid-Atlantic and Northeast

For another week, all states in the region saw pump prices push cheaper, with Delaware seeing the largest decline. In fact, Delaware (-8 cents) and Maryland (-4 cents) landed on the list of top-10 largest weekly declines. As state averages continue to decline in the region, not one state ranks among the top 10 most expensive in the country. Pennsylvania ($2.75) and New York ($2.71) rank as the 11th and 13th highest averages in the country and the most expensive in the region. Conversely, Virginia ($2.32) carries the cheapest average in the region.

For a second week, gasoline stocks increased by a moderate nearly 600,000 bbl to total 64.9 million bbl in EIA’s latest report. Regional refinery utilization dropped by another 1% down to 67%. It’s likely that motorists will see gas prices continue to decrease in the week ahead.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by 36 cents to settle at $52.81. Crude prices ended lower last week after continued trade tensions between the U.S. and China worried market observers. Those fears grew last week after the World Trade Organization ruled that the U.S. could impose tariffs on goods from the European Union. Increased tariffs could reduce global crude demand, helping to push prices down even further while crude supplies continue to increase. Moving into this week, further trade tensions could reduce crude prices amid worries that global crude demand will decline.

In related news, in its latest weekly report, EIA’s data revealed that total domestic crude inventories grew by 3.1 million bbl. At 422.6 million bbl, crude stocks are 18.7 million bbl higher than where they were at this time last year.

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.

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