Gas Prices Predicted To Remain Below $2 At Least Through Christmas

gas prices 4Last week, motorists enjoyed the lowest Thanksgiving gas prices in seven years (2008). Gas prices declined throughout the holiday weekend, as was forecasted by AAA. Some non-AAA analysts attempted to grab headlines by forecasting that the national average would dip below $2 in time for the holiday, but that did not happen, as the national average on Thanksgiving Day was $2.05 – 75 cents lower than the year before.
“Gas prices have been falling at a rate of about a half cent a day, and if that pace continues, the national average will drop below $2 in the next two weeks,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “But there is potential for the pump price plunge to slow after oil prices climbed a few bucks last week.”
Today, 36 percent of gas stations nationwide are selling fuel below $2 a gallon. Current average prices are $2.04 nationwide and $1.87 in Tennessee. Looking forward, pump prices on Christmas Day are forecast to be well below last year’s holiday averages of $2.33 nationwide and $2.18 in Tennessee.
In Coffee County this week the low price in Manchester is $1.72 and in Tullahoma it’s $1.73.