Last week, motorists enjoyed the lowest Thanksgiving gas prices in seven years (2008). Gas prices declined throughout the holiday weekend, as was forecasted by AAA. Some non-AAA analysts attempted to grab headlines by forecasting that the national average would dip below $2 in time for the holiday, but that did not happen, as the national average on Thanksgiving Day was $2.05 – 75 cents lower than the year before.
“Gas prices have been falling at a rate of about a half cent a day, and if that pace continues, the national average will drop below $2 in the next two weeks,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “But there is potential for the pump price plunge to slow after oil prices climbed a few bucks last week.”
Today, 36 percent of gas stations nationwide are selling fuel below $2 a gallon. Current average prices are $2.04 nationwide and $1.87 in Tennessee. Looking forward, pump prices on Christmas Day are forecast to be well below last year’s holiday averages of $2.33 nationwide and $2.18 in Tennessee.
In Coffee County this week the low price in Manchester is $1.72 and in Tullahoma it’s $1.73.
Gas Prices Predicted To Remain Below $2 At Least Through Christmas
