Published: Wed, September 27, 2017
Worldwide | By Sean Reid

AAA: TN gas prices on a steady decline

AAA: TN gas prices on a steady decline

"If it weren't for the recent hurricanes, gas prices would be 25 cents lower", AAA spokesman Mark Jenkins said.

The Dearborn-based auto club says late Sunday the average price for self-serve regular unleaded gasoline was about $2.42 per gallon.

Now, levels are returning to normal and prices are on the decline. Colorado's average price of $2.50 was down 3 cents in a week but above the $2.33 of a month ago.

During Hurricane Harvey, gas prices rose by 50 cents to $2.73 a gallon. Prices are expected to "slowly drift lower as inventories slowly improve", senior analyst Patrick DeHaan said.

Gas prices are dropping, and they're expected to drop a lot more.

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The current national average is $2.58 per gallon, a drop of five cents in the last week and the cheapest price in 16 days, yet 23 cents higher than one month ago and 37 cents higher than one year ago. The national average surged more than 30 cents per gallon, impacting motorists across the country.

Now, gas is still at an average of $2.59 - only a slight drop even though Harvey is gone and the other hurricanes didn't threaten gasoline production. That's down from $2.37 the same day last week and $2.30 a month ago.

The table below compares the YTD change in gas prices this year to where prices were at the same point in prior years dating back to 2005.

As of Monday, the most expensive gas price averages are in Nashville ($2.59), Johnson City-Kingsport-Bristol area ($2.53), Clarksville-Hopkinsville ($2.53) and Chattanooga ($2.52).

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