Gas price update and outlook – 6.26.12
Posted: Friday, June 29, 2012 2:59 pm
Average retail gasoline prices in Tennessee have fallen 7.4 cents per gallon in the past week, averaging $3.08 per gallon Sunday. This compares with the national average that has fallen 7.9 cents per gallon in the last week to $3.45 per gallon, according to gasoline price website TennesseeGasPrices.com.
Including the change in gas prices in Tennessee during the past week, prices Sunday were 30.7 cents per gallon lower than the same day one year ago and are 26.4 cents per gallon lower than a month ago. The national average has decreased 21.7 cents per gallon during the last month and stands 14.0 cents per gallon lower than that day one year ago.
“The national average has now dropped to its lowest level since February 4,” said GasBuddy.com senior petroleum analyst Patrick DeHaan. “Gasoline can be found as cheap as $2.73 per gallon today in Taylors, SC. While this certainly isn’t going to be the price of every station, a majority of gasoline outlets are featuring prices that have come down significantly in the last month, similar to that of the sentiment of Chicago Cubs fans,” DeHaan said.
GasBuddy operates TennesseeGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.