Weekly Gas Price Report

gas prices 4The national average price for a gallon of regular gasoline remained relatively stable last week. However, prices in the southeast fell as much as a nickel. In the past week, the average price for gas dropped 4 cents in Tennessee.
“Gasoline production is especially high this time of year, and is outpacing demand, which is driving gas prices lower,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Meanwhile, domestic oil production remains at an all-time high, which also helps keep a lid on the price of oil and gasoline.
The price for a barrel of WTI oil is more than $60 cheaper than the peak price of $107.26 last year. Oil prices settled as low as $43.46 last week, before finishing the week at $45.72 Friday – an increase of 88 cents compared to week before.
Tennessee’s average price per gallon $2.15 – 4 cents cheaper than last week, 3 cents more than last month and $1.14 less than this time last year.
The low price in Manchester as of Tuesday night was $2.04 and in Tullahoma the low price per gallon was $1.98.