Gas Prices Are Coming Down

gas prices2Gas prices in the southeast made modest declines last week and the discount at the pump is likely to continue in the near future.
“Fundamentals are putting downward pressure on the price of oil,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Motorists could see prices fall at a faster rate in the coming weeks.”
The price of oil fell for the first time in four months because of increased supplies, decreased consumer spending and easing geopolitical tensions. Crude oil stockpiles reached their highest level since 1982.
The national average price of regular unleaded gasoline is $3.67, 1-cent more than last week. Tennessee’s average of $3.44 slipped 1-cent. The low price throughout Coffee County is $3.33 per gallon.