{"id":14066,"date":"2018-10-29T18:00:50","date_gmt":"2018-10-29T23:00:50","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=14066"},"modified":"2018-10-29T13:23:49","modified_gmt":"2018-10-29T18:23:49","slug":"aaa-says-tennessee-gas-prices-are-declining-for-now","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2018\/10\/29\/aaa-says-tennessee-gas-prices-are-declining-for-now\/","title":{"rendered":"AAA says Tennessee Gas Prices are Declining for now"},"content":{"rendered":"

AAA<\/h2>\n

\"AAA\"Knoxville, TN <\/strong>– The average price in Tennessee for a gallon of regular unleaded gasoline is $2.60, which is five cents less than last week, two cents less compared to last month, and 35 cents more than a year ago. Gas prices are being pushed lower due to seasonal demand, winter-blend fuel, and falling crude prices. <\/p>\n

As motorists settle into the fall driving season, which will likely decrease demand for cheaper-to-produce winter blend gasoline, pump prices will likely continue to decline into next week.<\/p>\n

\"Gas<\/a>

Gas prices at the pump have declined over the past week.<\/p><\/div>\n

<\/p>\n

“Motorists are enjoying a discount at the pump,” said Stephanie Milani, Tennessee Public Affairs Director, AAA – The Auto Club Group. “Gas prices have been pushed lower by oil prices and gasoline supplies. Current market fundaments show that drivers could see another 10-15 cent drop in the price of gas over the next few weeks.”<\/p>\n

At the close of Friday\u2019s formal trading session on the NYMEX, WTI decreased 26 cents to settle at $67.59. Crude prices have mostly fallen this week, following release of EIA\u2019s weekly petroleum report that showed crude inventories increased for the fifth consecutive week.<\/p>\n

Domestic crude inventories gained 6.3 million bbl to total 422.8 million bbl \u2013 a level not seen since the beginning of the driving season in June, according to EIA\u2019s latest data. Continued growth in domestic crude bbl held in storage will likely cause prices to decline temporarily.<\/p>\n

However, with pending U.S.-imposed sanctions on Iran\u2019s crude exports set to go into effect on November 4th, lower crude prices may be short-lived as global supply tightens \u2013 amid robust global crude demand \u2013 later this fall.<\/p>\n

On average, Tennessee motorists spend $40.00 for a full tank of gasoline – $6.00 more than this time last year. <\/p>\n

Click here <\/a>to view AAA’s state and metro gas price averages<\/h3>\n