Average gas prices in state drop a penny
Posted: Wednesday, October 17, 2012 7:00 pm
Average retail gasoline prices in Tennessee have fallen 1 cent per gallon in the past week, averaging $3.52 per gallon as of Sunday.
This compares with the national average that has fallen 2.8 cents per gallon in the last week to $3.77 per gallong, according to gasoline price website TennesseeGasPrices.com.
Including the change in gas prices in Tennessee during the past week, prices Sunday were 25.3 cents per gallon higher than the same day one year ago and are 14.7 cents per gallon lower than a month ago. The national average has decreased 9.0 cents per gallon during the last month and stands 29.6 cents per gallon higher than this day one year ago.
“The national average has again seen a decrease in the last week, as California joins much of the rest of the United States in seeing lower prices,” said GasBuddy.com Senior Petroleum analyst Patrick DeHaan. “Even though there hasn’t been a massive decline in California retail prices, the fact that prices have stopped rising there has helped tip the national average lower.
“In the week ahead, we could continue to see declines as wholesale prices fell lower late last week, meaning gas stations have additional room to drop their prices.”
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 10.16.12