AAA Contact

Tracy E. Noble

Manager, Public and Government Affairs

(609) 570-4131Office

(609) 306-2523Cell

Twitter:@AAANJNews

AAA News Releases:www.AAA.com/AAANews

The Week

An increase in gasoline demand has helped push gas prices higher this week both locally and nationally. If demand continues to trend higher, motorists will likely see pump prices continue to go up through early July. New Jersey, Pennsylvania and Delaware all saw prices rise this week by at least six cents but despite the increase, pump prices are the lowest for this time of year since 2016.

Today’s national gas price average is $2.17, up six cents in the last week, up 21 cents in the last month and down 51 cents from this time last year.

CURRENT AND PAST GAS PRICE AVERAGES
     Regular Unleaded Gasoline (*indicates record high)

 

 

 

6/26/20

 

Week Ago

 

Year Ago

 

National

 

$2.17

 

$2.11

 

$2.68

 

New Jersey

 

$2.16

 

$2.10

 

$2.74

 

Trenton

 

$2.17

 

$2.12

 

$2.82

 

Cape May County

 

$2.14

 

$2.09

 

$2.79

 

Burlington

 

$2.13

 

$2.06

 

$2.64

 

Middlesex, Somerset, Hunterdon Counties

 

$2.18

 

$2.12

 

$2.77

 

Monmouth, Ocean Counties

 

$2.17

 

$2.11

 

$2.77

 

Crude Oil

 

$38.49 per barrel (6/26/20)

 

$39.75 per barrel (6/19/20)

 

$58.47per barrel (6/28/19)

 

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $38.49 per barrel, $1.26 lower than last Friday’s close. Although crude prices increased Thursday in reaction to increasing economic stimulus measures by governments around the world, prices trended lower earlier in the week due to an increase in new coronavirus infections worldwide, which could suppress crude demand. Additionally, the Energy Information Administration’s (EIA) weekly report showed that total domestic crude inventories grew again last week, bringing the current supply total higher than last year at this time. The increase in crude supplies could push prices lower, since it signals that domestic crude production may need to reduce further in order to meet current demand.

The Weekend

“Local drivers could see an uptick in prices at the pump this week as a result of an increase in demand for gasoline ahead of the holiday,” says Tracy E. Noble, manager of Public and Government Affairs for AAA Mid-Atlantic. “AAA expects summer gas prices both locally and nationally to be some of the lowest seen since 2016.”

The Week Ahead

This summer, AAA forecasts Americans will take 700 million trips based on economic indicators and state re-openings. That number is down nearly 15 percent compared to last July through September and is the first decline in summer travel since 2009. AAA booking trends show Americans are making travel plans, though cautiously and more spur of the moment. Car trips reign supreme accounting for 97 percent of the favored mode of transportation. Road trips will also see the smallest decrease in travel volume of just 3 percent year-over-year.

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


 

 

 


AAA provides automotive, travel, and insurance services to 60 million members nationwide and nearly two million members in New Jersey.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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TEDx Wilmington Salon

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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