{"id":15303,"date":"2020-02-04T12:00:56","date_gmt":"2020-02-04T18:00:56","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=15303"},"modified":"2020-02-04T00:32:47","modified_gmt":"2020-02-04T06:32:47","slug":"aaa-reports-tennessee-gas-prices-still-declining","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2020\/02\/04\/aaa-reports-tennessee-gas-prices-still-declining\/","title":{"rendered":"AAA reports Tennessee Gas Prices Still Declining"},"content":{"rendered":"

\"AAA\"Nashville, TN <\/strong>– AAA says Tennessee gas prices have dropped 16 cents in the last 30 days and are expected to trend even lower in the coming week.<\/p>\n

The Tennessee Gas Price average<\/a>  is $2.23 which is five cents cheaper than last week, 16 cents less than one month ago, and 20 cents more than one year ago.<\/p>\n

\"Tennessee<\/a>

Tennessee average gas price declines consecutively for 30 days. (AAA)<\/p><\/div>\n

<\/p>\n

\u201cGas prices are pushing cheaper for two reasons: crude oil prices are $10.00 less a barrel than one month ago and U.S. gasoline stocks sit at an all-time record high,\u201d said Megan Cooper, spokeswoman, AAA – The Auto Club Group.<\/p>\n

\u201cCheaper crude and healthy stock levels mean motorists can expect prices to continue to decline this month,\u201d Cooper stated.<\/p>\n

National Gas Prices<\/h3>\n

The national gas price average is $2.47, which is four cents cheaper than last week and 11 cents cheaper than the beginning of the year.<\/p>\n

Motorists in at least a dozen states can find gas for less than $2\/gallon. Those gas stations are mostly found in the South and Southeast.<\/p>\n

Oil Market Dynamics<\/h3>\n

At the close of Friday\u2019s formal trading session on the NYMEX, WTI dropped by 58 cents to settle at $51.56. For the second week, crude prices have decreased as a result of increased market concerns regarding the growing impact of the coronavirus on global travel. If global travel demand decreases, global crude demand would likely follow suit and result in lower global crude consumption.<\/p>\n

If market concerns regarding the virus continue to grow this week, crude prices could drop again.<\/p>\n

Tennessee Regional Prices<\/h3>\n