Gas Prices Falling

Photo by Barry West

Gas prices have steadily declined since November 1, when the national average was $3.51. The current national average is $3.26, 25 cents less. Prices in the Southeast region followed the same trend. On November 1, regular unleaded gasoline averaged $3.34 in the Southeast, since then the average has dropped 20 cents to $3.14. Some areas in the Southeast have already seen gas prices dip below $3 a gallon. A barrel of oil settled Friday at $86.73 on the New York Mercantile Exchange—80 cents more than the week prior. The national average price of regular unleaded gasoline is $3.26, 9 cents less than last week. Tennessee’s average price of regular unleaded gas is $3.05 falling 8 cents last week. Here in Coffee County some discounters are offering regular gas for $2.89 in Manchester per gallon. In Tullahoma the low price is $2.93.