Joining AATAC means that our retailers will meet quality companies with products and services that will help you prosper.

An Inauguration Day Price Slump?

BOSTON — For the past few presidential administrations, gasoline prices have tended to rise in the first 31 days after Inauguration Day, for various reasons. But 2017 may be different.

“This year could be the first time since [Bill] Clinton that gas prices drop following Inauguration Day,” Patrick DeHaan, senior petroleum analyst for Boston-based GasBuddy, told CSP Daily News.

After charting the national gasoline average for the first 31 days following the inauguration of a new president, DeHaan found that it tended to rise. This trend is documented at least back to 2000, when GasBuddy began collecting data. This rise includes 2000 and 2005 with President George W. Bush’s two terms, and 2009 and 2013 with the start of President Obama’s two terms.

This increase in the national average goes against seasonal norms. Typically, gasoline prices decline each year in January and February because of weaker demand and growing inventories. While he cannot account for the factors behind each post-inauguration increase, DeHaan suggested that an improving economy lifted oil demand—and ultimately gas prices—in 2009 and 2013.

But with the start of President Donald Trump’s term, prices are following the traditional seasonal track. Indeed, a downward trend started the week of Jan. 16, with the national average falling 3.2 cents per gallon (CPG) to $2.339 per gallon, the first weekly decline since November 2016, according to GasBuddy.

Prices fell in 36 states week over week, led by the Great Lakes states of Indiana (-13.9 CPG), Ohio (-13.1 CPG), Michigan (-10.9 CPG), Kentucky (-8.7 CPG) and Illinois (-6.2 CPG), as refinery problems resolved themselves. The Rocky Mountain states had the largest increases, led by Utah (5.8 CPG), Idaho (4.1 CPG) and Montana (3.4 CPG).

GasBuddy does expect prices to eventually begin to rise sometime after Valentine’s Day as refinery maintenance season and the transition into summer begins, “leading to gas prices that will mostly trend higher for two to three months,” said DeHaan.

 

 

Author(s): 
Samantha Oller

jota

About jota

Vendor Application

 

Toll Free: 888-662-7780

Here at AATAC we are always looking for companies that may enhance our member’s businesses and better the industry as a whole. If you are interested in becoming a preferred vendor within our network please fill out this information form.

Send info and materials to our receivables office:

503 E. Jackson St. STE# 141
Tampa, FL. 33602

×

Answer

Answer the Question of the Day by filling in the information below and send it to us for your chance to win the prizes and exclusive discounts offered only to our members!

×

QOD

Located on the front page of our national website is a field called “Question Of The Day” (QOD). Each day we post a different question about the products and services that are presented through our website. The answer to this question can be found on one of our partner’s web pages. Our members will navigate through the preferred vendors page to find the answer to your question while subconsciously educating themselves about your company! AATAC effectively selects members who answer the question correctly to win rewards which include; rebates, complimentary services, cash, promotional offers from vendors, prizes, giveaways, etc. *Your QOD should be 1-2 sentences in length and can not name a specific product or company within the question. 

Here are some examples:

Which preferred vendor offers your customers a 99% accurate drug test that reads results in five minutes?  

One of our partner’s provides important compliance training classes in a virtual setting for a low cost. Who is it?

×

Your Vendor Category

When your logo and redirect are added to our preferred vendors catalog it offers two very important elements to members:

  1. It tells them that your company has been vetted and approved for business within our network. 
  2. It encourages them to visit your website where they can learn more about your company. 

*IMPORTANT:

 

 

×