Released December 23, 2024 | SUGAR LAND
en
Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Commuters may be dusting off their vehicles this week as sketchy weather from Ontario to Texas made for difficult travel for early-holiday goers, and while travel club AAA expected busy roads, prices at the pump are stable.
Winter weather advisories were in place Friday from Wisconsin to western Tennessee and north to New York. The Buffalo area can expect up to six inches of snow by Monday.
Watches and warnings stemmed from the second Alberta Clipper system of the season, bringing cold Canadian air to the eastern third of the United States and Canada over the weekend.
That might not do much to thwart expected travel this holiday season. Some 90% of those expected to travel over the coming days were expected to do so by car.
"We could be heading into a period of relative stability when it comes to pump prices," Andrew Gross, a spokesperson for AAA, said on Thursday. "Despite some reports to the contrary, the national average never fell below $3 this year, and it might not as a record 119 million people are forecast to travel this holiday season. And 107 million will go by car, which is a lot of fueling up."
Car rental company Hertz found that Denver, Las Vegas, Los Angeles, Miami, Oahu, Orlando, Phoenix and Tampa were sought-after destinations this season. Those who travelled to Los Angeles were paying around $4.37 for a gallon of regular unleaded gasoline, while Florida prices were closer to $3.05 per gallon.
AAA on Friday put the national average at $3.05 per gallon, relatively unchanged over the course of December and only around 4 cents less than the same period last year.
Prices at the pump have been muted for much of the year, even with a busier-than-normal Atlantic hurricane season as broad-based commodity prices remain suppressed. Weekly data show an uptick in demand for fuels, though the overall mood may be sour ahead of the looming threat of tariffs on Canada and Mexico from U.S. President-elect Donald Trump.
Crude oil prices account for about half of what consumers see at the pump. West Texas Intermediate, the U.S. benchmark for the price of oil, was trading around $69 per barrel on Friday. Prices have been range-bound since late August, when the price was closer to $75 per barrel.
The U.S. Department of Energy isn't expecting much change in retail gasoline prices either. It sees the average price at $3.30 per gallon for this year, falling to $3.20 in 2025.
Weather-wise, there will be relief in sight. Airflow from the warmer waters in the Gulf of Mexico could push temperatures to above normal levels across the eastern half of the United States next week. By Thursday, Buffalo can expect temperatures in the lower 40s.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Winter weather advisories were in place Friday from Wisconsin to western Tennessee and north to New York. The Buffalo area can expect up to six inches of snow by Monday.
Watches and warnings stemmed from the second Alberta Clipper system of the season, bringing cold Canadian air to the eastern third of the United States and Canada over the weekend.
That might not do much to thwart expected travel this holiday season. Some 90% of those expected to travel over the coming days were expected to do so by car.
"We could be heading into a period of relative stability when it comes to pump prices," Andrew Gross, a spokesperson for AAA, said on Thursday. "Despite some reports to the contrary, the national average never fell below $3 this year, and it might not as a record 119 million people are forecast to travel this holiday season. And 107 million will go by car, which is a lot of fueling up."
Car rental company Hertz found that Denver, Las Vegas, Los Angeles, Miami, Oahu, Orlando, Phoenix and Tampa were sought-after destinations this season. Those who travelled to Los Angeles were paying around $4.37 for a gallon of regular unleaded gasoline, while Florida prices were closer to $3.05 per gallon.
AAA on Friday put the national average at $3.05 per gallon, relatively unchanged over the course of December and only around 4 cents less than the same period last year.
Prices at the pump have been muted for much of the year, even with a busier-than-normal Atlantic hurricane season as broad-based commodity prices remain suppressed. Weekly data show an uptick in demand for fuels, though the overall mood may be sour ahead of the looming threat of tariffs on Canada and Mexico from U.S. President-elect Donald Trump.
Crude oil prices account for about half of what consumers see at the pump. West Texas Intermediate, the U.S. benchmark for the price of oil, was trading around $69 per barrel on Friday. Prices have been range-bound since late August, when the price was closer to $75 per barrel.
The U.S. Department of Energy isn't expecting much change in retail gasoline prices either. It sees the average price at $3.30 per gallon for this year, falling to $3.20 in 2025.
Weather-wise, there will be relief in sight. Airflow from the warmer waters in the Gulf of Mexico could push temperatures to above normal levels across the eastern half of the United States next week. By Thursday, Buffalo can expect temperatures in the lower 40s.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
