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Gas price update

Gas price update

Posted: Wednesday, August 22, 2012 2:07 pm

Average retail gasoline prices in Tennessee have risen 1.9 cents per gallon in the past week, averaging $3.49 per gallon Sunday. This compares with the national average that has increased 2.1 cents per gallon in the last week to $3.70 per gallon, according to gasoline price website TennesseeGasPrices.com.
Including the change in gas prices in Tennessee during the past week, prices Sunday were 6.8 cents per gallon higher than the same day one year ago and are 28.0 cents per gallon higher than a month ago. The national average has increased 21.9 cents per gallon during the last month and stands 11.8 cents per gallon higher than that day one year ago.
“The national average has finally begun to cool off after rising nearly every day since the start of July,” said GasBuddy.com senior petroleum analyst Patrick DeHaan.
“As the West Coast and Great Lakes see refining issues in the rear view mirror, as well as the end of the summer driving season approaching, we may see a new downward pattern develop which could see average prices falling- especially after mid-September, a pattern that could dominate the gas pump until the holiday season,” DeHaan said.
About TennesseeGasPrices.com
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.
Published in The WCP 8.22.12

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