Weekly gas price update

Posted: Wednesday, January 30, 2013 12:01 am

Average retail gasoline prices in Tennessee have not moved  in the past week, averaging $3.17 per gallon Sunday, according to GasBuddy’s daily survey of 3,821 gas outlets in Tennessee. This compares with the national average that has increased 4.5 cents per gallon in the last week to $3.31 per gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Tennessee during the past week, prices yesterday were 15.0 cents per gallon lower than the same day one year ago and are 6.0 cents per gallon higher than a month ago. The national average has increased 4.5 cents per gallon during the last month and stands 6.7 cents per gallon lower than this day one year ago.

“The national average has picked up in the last week on the apparent start of refinery maintenance season,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Refinery production has taken a hit in the last week as companies begin looking towards the summer driving season, utilizing this time of year for maintenance and any upgrades before gasoline demand races higher for the summer season,” DeHaan said.

Published in The WCP 1.29.13