![\"AAA\"](\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2010\/05\/AAA.gif\" "\\"AAA\\"")
Nashville, TN<\/b> –<\/span> Tennessee Gas prices<\/a> continue falling like autumn leaves according to AAA. The state average has declined the past 59 consecutive days for a total of 52 cents. <\/p>\nSunday’s state average of $2.17 per gallon is 7 cents less than last week, 34 cents less than last month, and 9 cents less than this time last year. <\/p>\n
![\"Oil](\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2016\/05\/Rising-Oil-Prices-480x360.jpg\" "\\"Oil")
<\/a>Oil prices hit highest close of the year<\/p><\/div>\n
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“Gas prices in Tennessee could drop another 5-8 cents this week, but should level off soon,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.<\/p>\n
“Pump prices are close to catching up with the recent crude price plunge. However, oil prices are beginning to increase, after OPEC announced a production cut agreement on Friday. Regardless, drivers should continue to enjoy low gas prices through the end of the year, unless oil prices suddenly spike,” Jenkins stated.<\/p>\n
Click here<\/span><\/a> to view AAA’s state and metro gas price averages<\/p>\n During the past month and a half, the national average has declined 1-2 cents a day. Over the weekend, the national average declined fractions of a penny. Sunday’s national average price of $2.42 per gallon is 5 cents less than a week ago, almost 30 cents less than last month, and 4 cents less than this time last year. The national average has declined 60 consecutive days for a total discount of 49 cents.<\/p>\n At the close of Friday\u2019s formal trading session on the NYMEX, WTI increased $1.12 to settle at $52.61 per barrel. Oil prices rallied Friday after the Organization for Petroleum Exporting Countries (OPEC) announced that beginning in January 2019, the cartel \u2013 alongside non-OPEC members, including Russia \u2013 will reduce combined crude oil production by 1.2 million b\/d.<\/p>\n The cut will be in place for six months and will use October 2018 as a baseline, a time when OPEC and Russia had less crude output than in November.<\/p>\n With the announcement, crude prices will likely increase in 2019 ahead of the higher demand driving season next summer. Increased crude prices will likely lead to higher gas prices, given that approximately 50 percent of the cost motorists pay at the pump is based on the cost of crude used to make gasoline.<\/p>\n [320left]In related news, EIA\u2019s report for the week ending on November 30 revealed that crude inventories decreased by 7.3 million bbl after 10 weeks of consecutive growth. Total domestic crude inventories now sit at 443.2 million bbl, which is approximately 5 million bbl less than their level at this time last year.<\/p>\n Declining inventories contributed to the increase in crude prices this week, and if the trend continues, prices could climb further.<\/p>\n AAA members can now save even more money at the pump, thanks to a new Fuel Rewards\u00ae program with Shell. Members who sign-up at AAA.com\/Shell<\/a>, can save up to five cents per gallon (on up to 20 gallons) through December 31st, 2019, when filling up at participating Shell branded stations across the United States.<\/p>\n Members who register for the first time will save an additional 25 cents per gallon (on up to 20 gallons) on their first fill-up through January 31st, 2019. Before providing payment when filling up, members will see prices roll back at the pump after they enter their Fuel Rewards\u00ae Alternative ID, which is typically a phone number. <\/p>\n Regular Unleaded Gasoline<\/strong><\/p>\n\n
Oil Prices Edge Higher on OPEC Production Cut Agreement<\/h3>\n
AAA Launches Fuel Rewards\u00ae Program for Members<\/h3>\n
Gas Price Tools<\/h3>\n
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\n <\/li>\n<\/ul>\nCurrent and Past Price Averages<\/h3>\n
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