Gas Falls To Lowest Price Since 2010

gas prices2U.S. oil production has soared to its highest level since 1985, placing downward pressure on oil and gasoline prices. Crude settled at $82.75 on Friday, after dropping below $80 a barrel for the first time in two years on Thursday. The savings at the pump, created by the US “Shale Boom”, comes as a relief to consumers as the holiday shopping season approaches.
“Motorists are paying $5 to $15 less to fill their tanks than they were around July 4th,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “This is extra money that consumers can use for the holidays, either to put presents under the tree, or dinner on the table.”
Gas prices slid 10 cents nationally to $3.11 a gallon compared to last week, the lowest average since February 2011. Motorists in Tennesseans are seeing gas prices at their lowest point since December 2010. The average price at the pump in Tennessee is $2.89, down 11 cents from last week.
In Coffee County gas prices are as low as $2.78 per gallon in Manchester and $2.75 in Tullahoma. Memphis has the lowest price in Tennessee at $2.55 per gallon at several stations.