AAA: Gas prices inch lower once again

Johnson City Press • Sep 24, 2018 at 4:02 PM

Gas prices edged lower once again last week, according to a Monday AAA report. 

Sunday and Monday’s national gas price average was $2.85 per gallon of regular unleaded gasoline. Gas prices in Tennessee slipped a half-cent lower during the past week, putting Sunday’s state average at $2.58 Monday morning. However, Tennessee motorists are still paying 6 cents more per gallon compared to this time last year. 

Over the past few months, gas prices throughout the nation have been up and down. 

"Even though oil prices rose last week, prices at the pump slipped lower because of declines in gasoline demand," AAA spokesman Mark Jenkins said in a news release. "The latest figures from the EIA show weekly demand hitting four-week lows. Combining this autumn trend with the recent switch to a cheaper-to-produce winter-blend gasoline, and prices at the pump could move even lower this fall.

“However, upward pressure persists due to concerns that there could be major crude supply challenges this fall, due to U.S.-led sanctions against Iranian crude and sharp reductions in economically-stressed Venezuela."

• The most expensive gas price averages in Tennessee are in Jackson ($2.65), Nashville ($2.61), and Memphis ($2.61)

• The least expensive gas price averages in Tennessee are in Chattanooga ($2.50), Clarksville-Hopkinsville ($2.51), and Cleveland ($2.52)

As of Monday morning, gas prices in the Tri-Cities stood at around $2.57 per gallon of regular unleaded gasoline.