AAA reports Gas Prices near $2.00 a gallon in Tennessee

Tampa, FL – Motorists are saving an average of $10.00 for a tank of gas compared to this time last year. Gasoline prices crept closer to $2.00 a gallon last week and nothing is slowing them down. Domestic oil supply is at a three decade high and forecast to keep growing. Meanwhile, the price of oil fell to its lowest level in five years.

“Oil prices are plunging because there is so much oil in the market,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “It’s unclear exactly how long this will continue, but gas prices will keep falling as long as oil prices do. Right now, oil prices are forecast to fall through the first half of next year, which further increases the likelihood of $2.00 gasoline.” [Read more]