Murfreesboro Again Pumps Cheapest Gas In TN--$2.01
Tuesday, November 27, 2018 2:29 pm
Tennessee gas prices are approaching their lowest levels of the year, and motorists should see additional discounts this week. Here in Murfreesboro, some discounters opened the week at $2.01 per gallon. That gives the CHEAPEST GAS AWARD again to Murfreesboro.
Just as retailers cut prices last week on Black Friday, the price of crude also dropped by more than 10 percent - for concerns that strong global oil production will overpower demand.
Gas prices in Tennessee averaged $2.34 per gallon on Sunday, after dropping 8 cents in the past week. The average price in Tennessee has declined the past 45 consecutive days for a total discount of 35 cents. The lowest average price so far this year was $2.26/g, on January 1.
Average prices are at or near 2018-lows in metro areas like Chattanooga, Cleveland, Jackson, Knoxville, and Memphis. Click here and scroll down to find daily metro average gas prices.
Click here to view AAA's state and metro gas price averages
The national average price of $2.56 per gallon is 7 cents less than last week, nearly 30 cents less than last month, and the lowest daily average since March. Sunday's U.S. average price was 7 cents more than this year's low, of $2.49 set in January. However, the national average should drop below that point within the next week.
"Last week's crude price plunge adds even more weight to what was already strong downward pressure on prices at the pump," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Tennessee motorists should see gas prices drop another 5-15 cents as a result. The state average will likely log a new 2018-low within the next 10 days. These falling prices are mostly due to record crude production rates from the U.S., Russia and Saudi Arabia. Unless the oil market quickly recovers, these low gas prices should hang around through the end of the year."
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