Topic: Gas Prices
Nashville, TN – AAA reports that the Tennessee gas price average jumped 6 cents this week following a steady week of slow increases.
The Tennessee Gas Price average is now $1.95 which is 24 cents more than one month ago and nearly 47 cents less than one year ago.
“The increase in gasoline demand contributed towards the state average’s six cent jump to $1.95,” said Megan Cooper, spokesperson, AAA – The Auto Club Group.
Orlando, FL – This summer, AAA forecasts Americans will take 700 million trips based on economic indicators and state re-openings. That number is down nearly 15% compared to last July through September and is the first decline in summer travel since 2009.
AAA booking trends show Americans are making travel plans, though cautiously and more spur of the moment.
Nashville, TN – Tennessee gas prices, on average, increased slightly over last week – only rising nearly two cents. The Tennessee Gas Price average is now $1.89 which is 20 cents more than one month ago and nearly 46 cents less than one year ago.
“Demand levels are likely to ebb and flow in the coming weeks as people continue to be cautious about travel,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. As a result, pump prices will likely continue to increase, but at a slower rate through the end of the month.
Nashville, TN – The Tennessee gas price average continues to increase and has risen nearly 8 cents since this time last week. The Tennessee Gas Price average is now $1.87 which is a quarter higher than one month ago and 50 cents less than one year ago.
“As Americans drive more, they are re-fueling gasoline demand levels, which is helping to lift pump prices, said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Higher demand will contribute to increasing gas prices in the coming weeks, but they aren’t going to spike to typical summer prices. That’s because demand won’t be sufficient enough to drive down stocks levels. Gasoline stocks sit at a significant surplus of nearly 24 million bbl year-over-year.”
Tampa, FL – Americans are filling up at the pump more and more. Since mid-May, gasoline demand has increased 18% to 7.9 million b/d, according to the latest Energy Information Administration (EIA) report.
The slow, but steady rise in demand has pushed the national pump price more expensive by 13% in the same time frame. Today’s national average is $2.10. That is seven cents more on the week, 24 cents more on the month, but 59 cents cheaper on the year.
Tampa, FL – For 66 days, the national gas price average held below the $2.00/gallon mark, pushing as cheap as $1.76. In the past week, the average has inched up to $2.03. Despite the consistent increases at the pump, prices are still significantly cheaper year-over-year.
In fact, during the first week of June the past five years, gas prices have typically averaged $2.81.
Clarksville-Montgomery County has the Second Lowest Gas Prices in Tennessee
Nashville, TN – The Tennessee gas price average jumped eight cents this week – the largest weekly increase the state has seen so far in 2020.
The Tennessee Gas Price average is now $1.79 which is nearly 23 cents more than one month ago and nearly 64 cents less than one year ago.
Tampa, FL – The national gas price average is $1.97, just one penny more expensive than last week. Part of the incremental jump can be attributed to increases in gasoline demand, which saw a 7% week-over-week increase.
However, demand is still down nearly 25% compared to last year, according to the Energy Information Administration’s (EIA) latest reports.
Clarksville has the Third Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee motorists paid an average of $1.69 this Memorial Day – a nearly 82 cent discount over last year’s holiday.
Today’s Tennessee Gas Price average is now $1.70 which is 14 cents more than one month ago and nearly 83 cents less than one year ago.
Nashville, TN – After breaking a ten week decline last week, Tennessee gas prices continue to inch higher. The Tennessee Gas Price average is now $1.63 which is only a two cent increase over last week and three cents higher than one month ago.
To keep things in perspective, Tennesseans are still experiencing gas prices that are 92 cents cheaper compared to this time last year.
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