Jenifer Moore
Public Affairs Specialist, OH
O: (513) 762-3105 ext. (5503105)
C: (513) 401-4911
jmoore1@aaa-alliedgroup.com

The Weekend

Independence Day weekend travelers have felt the pain at the pump with gas prices jumping five to 15 cents per gallon in recent weeks. Various factors – Ohio’s gas tax increase, increased crude oil prices, decreased supply, increased demand, and the permanent closure of the Philadelphia Energy Solutions (PES) refinery in Philadelphia, PA (the largest refinery on the East Coast) – have pushed gas prices higher. 

“It’s typical to see increases at the pump ahead of holiday travel, but we may see prices continue to jump throughout the month due refinery interruptions on the East Coast, increasing demand and fluctuations in crude oil price,” said Jenifer Moore, AAA spokeswoman.

Today’s national gas price average is $2.75, up four cents in the last week, yet down 11 cents from this time last year.

CURRENT AND PAST GAS PRICE AVERAGES

     Regular Unleaded Gasoline (*indicates record high)

 

 

 

07/05/19

 

Week Ago

 

Year Ago

 

National

 

$2.75

 

$2.71

 

$2.86

 

Ohio

 

$2.76

 

$2.67

 

$2.80

 

Cincinnati

 

$2.86

 

$2.65

 

$2.88

 

Crude Oil

 

$57.51 barrel (07/05/19)

 

$58.47 per barrel (06/28/19)

 

$73.80 barrel (07/06/18)

 

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $57.51 per barrel, 96 cents lower than last Friday’s close. Oil prices are approximately the same as the settlement price three weeks ago on July 21 ($57.43). The U.S. and China trade deal will be top of mind in the coming week as talks resume between the two countries.

The Week Ahead

As record numbers of travelers – nearly 49 million total, 41.4 million traveling by car – return from the Independence Day holiday weekend, they will undoubtedly notice pump prices on the rise. The Philadelphia Energy Solutions (PES) refinery fire and subsequent closure continues to impact regional gas prices as solutions to backfill the void in refined fuel are identified. Peak summer driving season is upon us, and despite the recent uptick in gas prices, motorists continue to enjoy prices lower than this time last year.

AAA has a variety of resources to help motorists save on fuel:

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AAA provides automotive, travel, and insurance services to 59 million members nationwide and nearly two and a half million members in Ohio.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.  AAA is a non-stock, non-profit corporation working on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel, and track their roadside assistance service with the AAA Mobile app (AAA.com/mobile) for iPhone, iPad and Android.  For more information, visit www.AAA.com.

 

 

 

 

 

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Who's in the Driver's Seat? The Transformation of Transportation

On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

  • 12 live talks given by 13 speakers
  • 368 people in attendance at the live event
  • More than 7,500 viewed the event online through Livestream, viewing events, and on the AAA Associate network
  • Online viewers came from all 50 states and approximately 30 countries around the world

View a slideshow from the event

This TEDx WilmingtonSalon was organized in partnership with AAA

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