Gas prices are on the rise, as crude oil got more expensive last week. Oil prices hit their highest level in more than a month. Since last Sunday, the state average for a gallon of gas rose 4 cents in Tennessee.
The average price of gasoline is $1.95 in Tennessee. On Sunday, the state average rose for the sixth consecutive day in Tennessee. Although gas prices rose slightly this week, they are still well below year-ago levels by 32 cents in Tennessee.
“Gas prices are likely to get more expensive through the rest of the week as retail prices adjust to the oil price hike,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The weekly average for oil rose about $4 which could translate to a 10 cent hike at the pump. It usually takes a couple of weeks for retail prices to fully adjust to the oil price shift.
Gas Prices expected to go Higher
