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Gas Prices Up Again

The national average for regular retail gasoline on January 1, held the record for the highest average in history. The national average on New Year’s Day was $3.29, 1 cent more than the daily average on January 1, 2012, which held the previous record. In Coffee County gas prices were again over the $3.00 mark. In fact, this week there are only a couple of discounters offering $3.06 per gallon prices on regular gas…most are in the $3.15 range here in Manchester with the highest at $3.31. In Tullahoma $3.06 was the lowest and highest $3.20. Although the average for the start of January was the highest on record, the Energy Information Administration (EIA) forecasts the annual average this year will be less than 2012′s annual average of $3.60. A barrel of oil closed Friday at $93.09 on the New York Mercantile Exchange—$2.29 more than the week prior. The national average price of regular unleaded gasoline is $3.30, 1 cent more than last week. Tennessee’s average of $3.18 increased 6 cents from last week.