- Discover Paris Tennessee - https://www.paristn.net/articles -

Tennessee Gas Prices Face Upward Pressure

AAA

AAATampa, FL Gas prices rose 2 cents nationwide last week, as prices in the southeast face upward pressure. Wholesale gasoline prices rose 8 cents in Florida and Georgia, and 7 cents in Tennessee.

Gas prices in Tennessee [1] held steady last week, but face upward pressure heading into Monday. Wholesale prices rose 6 cents in the past few days, raising the price for retailers to fill their tanks. 

Gas Prices Face Upward Pressure on Strong Demand. [2]

Gas Prices Face Upward Pressure on Strong Demand.

Gas prices in Tennessee averaged $2.61 per gallon on Sunday. The state average is 2 cents more than a month ago and 53 cents more than a year ago. 

“Motorists may see higher gas prices this week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

Click here [3] to view AAA’s state and metro gas price averages

Tennessee’s Highest and Lowest Gas Prices

Average Summer Gas Prices
  2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.86
Florida $3.50 $2.58 $2.19 $2.25 $2.74
Georgia $3.48 $2.57 $2.11 $2.18 $2.72
Tennessee $3.35 $2.45 $2.03 $2.08 $2.61

 

“Strong demand and lower inventories pushed wholesale prices higher. The added cost for retailers will likely be passed along to motorists. Based on demand figures, summer drivers are unfazed by higher prices at the pump this year. Fortunately, a potential 5-10 cent increase this week would still leave pump prices below this year’s highs,” stated Jenkins.

Although oil prices held relatively steady last week, gasoline futures surged for the second week. The price for gasoline on the NYMEX rose a total of 16 cents during the past two weeks, pushing wholesale gas prices higher. Gasoline rose in response to EIA data that showed a dip in gasoline supply inventories, as gasoline demand reaches near record levels. Gasoline demand for the week of July 20th, was the fourth highest weekly rate this year. 

Gas Price Tools

Fuel Savings Tips

Drive Sensibly – Aggressive driving (speeding, rapid acceleration and braking) wastes gas.

 

[320center]

 

Observe the speed limit

Lose the weight

Use cruise control

Avoid excess idling

Combine trips

Inflate tires

 

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.857 $2.857 $2.843 $2.853 $2.309 $4.114 (7/17/2008)
Florida $2.735 $2.733 $2.754 $2.709 $2.292 $4.079 (7/17/2008)
Georgia $2.721 $2.720 $2.704 $2.688 $2.178 $4.164 (9/15/2008)
Tennessee $2.608 $2.609 $2.610 $2.591 $2.078 $4.118 (9/15/2008)
Click here [7] to view current gasoline price averages

 

[320center]

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com [8]. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.5 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.

ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android.

Learn more at AAA.com/mobile [9]. AAA clubs can be visited on the Internet at AAA.com [10].

 

Be Sociable, Share!
  • [11]
  • [12]
  • [13]
  • [14]