Gas Prices Leveling

Nov 29, 2016 at 05:30 am by bryan


Gas prices leveled off over the weekend, after declining for more than three weeks. On Sunday, state averages rose by fractions of a penny in Florida and Tennessee, after declining 39 and 22 consecutive days respectively. Conversely, the Georgia average declined for the 20th consecutive day on Sunday, but by very small factions of a cent.

Here in Murfreesboro, local discounters started the week with regular gas at $1.82 per gallon.

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"Oil and wholesale gasoline prices rose last week, causing the dip in gas prices to stall," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "There's upward pressure on fuel prices right now, based on optimism that OPEC will agree on production cuts, in effort to curb the global oversupply that left prices low. The outcome of that November 30th meeting could cause swings of $10 in oil and 25 cents in gasoline, by the end of the year."

During the past week, crude oil averaged $47.49, $2.23 more than the week before. Wholesale gasoline prices shifted 10 cents higher. Retail gas prices declined 3 cents in Georgia, and 2 cents in Florida and Tennessee.

Thanksgiving Day gasoline prices averaged $2.13 nationally, $2.10 in Florida, $2.09 in Georgia, and $1.94 in Tennessee. Prices were the second lowest for Thanksgiving Day since 2008. Compared to last year's holiday, gas prices were up 8 cents nationally, 2 cents in Florida, 10 cents in Georgia, and 6 cents in Tennessee.

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Two Years Ago
National $2.126 $2.125 $2.143 $2.225 $2.051 $2.799
Florida $2.093 $2.092 $2.108 $2.242 $2.073 $2.792
Georgia $2.087 $2.088 $2.115 $2.190 $1.986 $2.711
Tennessee $1.942 $1.941 $1.964 $2.060 $1.880 $2.586

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