AAA: Gas Prices Decline As Oil Stabilizes

gas prices 4Gas prices have fallen more than 40 consecutive days in the southeastern United States. Since late June, the average price for a gallon of regular unleaded dropped 24 cents in Tennessee.
“Prices are falling at about a half cent a day and aren’t showing signs of slowing down,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “It’s unusual to see prices steadily decline in the late summer months, but increases in domestic oil supply are helping to offset fluctuations in demand during the busy summer travel season.”
The price of oil made minimal declines Friday, falling only 23 cents last week, compared to the $4.21 discount the week before. The price for a barrel of oil on Friday settled at $97.65 on the NYMEX.
The low prices around Coffee County are $3.11 per gallon in Manchester and $3.15 in Tullahoma.