Gas Prices Continue To Decline

gas prices2Motorists in the southeastern United States should find the lowest Labor Day gas prices in a decade. The current state average price of $2.17 in Tennessee is $1.04 cheaper than the price during last year’s holiday. The current national average price of gasoline is $2.48 – 12 cents lower than a week ago, 19 cents lower than a month ago, 95 cents lower than this time last year.
“Low gas prices are added incentive for Americans to take a road trip this Labor Day weekend,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Low gasoline prices are an added boost in disposable income, giving travelers more money to spend on lodging, shopping, and dining out.”
Last week, the price of oil dropped below $40 a barrel, the lowest settlement price since February 2009.
As of Tuesday afternoon the low price in Manchester was $1.99 and in Tullahoma the low price per gallon is $2.09.