Gas In 'Boro Again CHEAPEST IN STATE!

Jun 11, 2018 at 07:52 am by bryan


Tennessee gas prices have declined 3 cents last week. Here in Murfreesboro, the lowest priced discounter dropped a penny and others join them with regular gas $2.58, again putting as having the cheapest gas. The state average of $2.68 per gallon is the lowest daily price in three weeks.

Average Summer Gas Prices
2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.92
Florida $3.50 $2.58 $2.19 $2.25 $2.81
Georgia $3.48 $2.57 $2.11 $2.18 $2.79
Tennessee $3.35 $2.45 $2.03 $2.08 $2.68

Since peaking at $2.73 on May 27, gas prices have declined 14 consecutive days for a total of 5 cents. Despite the recent discount, motorists are still paying 59 cents per gallon more than this time last year.

Click here to view AAA state and metro gas price averages

"Gas prices could drop another 5 cents this week, unless the market suddenly shifts course," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Prices at the pump are still adjusting to the recent drop in oil and wholesale gasoline, due to the potential of increased crude output from OPEC. However, there is still volatility in the market, and pump prices could move higher if OPEC decides against easing production cuts at a meeting later this month."

Saudi Arabia increased production last month by 100,000 barrels a day, after curtailing output by nearly two years. The Kingdom was part of an agreement with other OPEC and non-OPEC oil producers to reduce output in hopes of raising oil prices. The production cut worked; the oil market tightened and crude prices reached near 4-year highs. However, there are growing concerns that strong demand would soon outpace supplies, and economies will suffer as a result of the higher prices. Because of this, the participants in this agreement are set to reconvene on June 22 to discuss increasing output.

U.S. crude prices settled at $65.74 per barrel on Friday - a 7 cent decline from the week before, and $6.50 less than this year's high.

Gas Price Tools

Fuel Savings Tips

Drive Sensibly - Aggressive driving (speeding, rapid acceleration and braking) wastes gas.

Observe the speed limit

Lose the weight

Use cruise control

Avoid excess idling

Combine trips

Inflate tires

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.923 $2.927 $2.950 $2.844 $2.344 $4.114 (7/17/2008)
Florida $2.804 $2.812 $2.866 $2.791 $2.341 $4.079 (7/17/2008)
Georgia $2.787 $2.791 $2.820 $2.714 $2.199 $4.164 (9/15/2008)
Tennessee $2.675 $2.679 $2.704 $2.599 $2.088 $4.118 (9/15/2008)
Sections: News