Gas Prices Predicted To Continue Their Fall

gas prices 6Gas prices continue falling at a rate of about a half cent a day. The average price in Tennessee fell below $2 a gallon last week, while motorists in Florida and Georgia are also beginning to find prices below $2 a gallon at various gas stations.
“Gas prices below $2 a gallon will become more of a common sight in the southeastern United States,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Prices at the pump are typically their lowest during the fall and winter seasons, because fewer Americans take extended road trips, leading to declines in demand. Plus, oil prices are especially low right now due to a wealth in global supply.”
The price of oil averaged $45.46 last week – a minor increase of 30 cents compared to the week before.
The average price in Tennessee fell 94 of the past 95 days for a total of 58 cents for an average of $1.99 per gallon.
The low price in Manchester on Tuesday afternoon was $1.89 and in Tullahoma the low price per gallon was $1.91.