Gas prices have fallen three cents since last weeks’ Gas Price Brief, reaching the average price of $2.14 per gallon, which is the lowest mark since April and the lowest price for this date since 2004. The price is 15 cents less than one month ago, 53 cents less than last year, and $1.38 cheaper than this same date two years ago. While gas prices are likely to remain relatively low heading into the fall, there is potential for an increase if there is an unexpected impact to supply or distribution, such as a hurricane.
Tennessee gas prices have declined for 53 consecutive days, dropping 30 cents during that time. In Coffee County the low price in Manchester and Tullahoma is $1.75 per gallon which matches the lowest price in the state.