Pump prices did the exact opposite of what was forecasted at the start of the year: instead of reaching a peak price, gas prices dropped to about 40 cents less than they were this time last year.
Some discounters in Tullahoma are offering regular gas for $3.14 per gallon, and Manchester prices are as low as $3.20.
Oil prices also decreased last week after U.S. stocks fell on reports of weak corporate earnings, lackluster demand and a strengthened dollar.
The nation’s oil output also continues to make gains. According to the Energy Information Administration, oil output rose 0.4 percent during the second week of April as gasoline demand fell.
A barrel of oil closed Friday at $88.01 on the New York Mercantile Exchange, $3.60 less than the week prior.
The national average price of regular unleaded gasoline is $3.52, 1 cent less than last week. Tennessee’s average of $3.28 decreased 5 cents.