Tennessee drivers are at the moment paying a median of $2.04 per gallon on the pump, whereas the common worth within the Tri-Cities is three to four cents decrease. The state common rose 2 cents final week however is now inching decrease once more, AAA reported.
Gasoline costs are 7 cents greater than the bottom worth up to now this yr. Even so, drivers in Tennessee are nonetheless paying 36 cents per gallon lower than this time final yr, in response to AAA.
“Drivers proceed to seek out gasoline costs which are effectively beneath what they paid this time final yr,” stated Mark Jenkins, AAA spokesman, in a press launch. “Low oil costs have helped maintain gasoline costs comparatively low up to now this yr. Nevertheless, costs ought to bounce greater this spring, as demand climbs and refineries change to a extra expensive-to-produce summer-blend gasoline. AAA forecasts the nationwide common to peak round $2.75 per gallon by Memorial Day weekend.”
Costliest gasoline costs within the state
• Nashville ($2.09)
• Jackson ($2.05)
• Clarksville-Hopkinsville ($2.02)
Least costly gasoline costs within the state
• Chattanooga ($1.97)
• Johnson Metropolis ($2.00)
• Kingsport-Bristol ($2.01)
What about oil?
Crude oil costs trended decrease final week, AAA reported. The U.S.-benchmark West Texas Intermediate (WTI) crude settled at $52.64 per barrel on Friday, $2.62 per barrel lower than the week earlier than.
This was the primary weekly decline in crude oil costs in 5 weeks. Issues re-emerged late final week that the continued U.S.-China commerce battle might gradual international demand.
This overshadowed optimism out there that OPEC cuts and sanctions towards Venezuela exports are serving to to stability international provides, in response to AAA. Thus far this yr, the very best each day settlement of WTI was $55.26 per barrel on Feb. 1.
To view each day gasoline worth averages, go to GasPrices.AAA.com.