Gas prices rose throughout last week, but stabilized during the weekend as 33.9 million Americans plan a road trip for Memorial Day – the second-most auto travelers for the holiday on record.
“Gas prices rose an average of 6 cents last week, but Memorial Day travelers should still enjoy the lowest holiday gas prices since 2005,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gasoline demand continues to test record levels, and a repeat of last year’s higher-than-normal summer driving season is likely on the horizon.
Gas prices reached their lowest point of the year in February. Since that time, the average price rose 58 cents nationwide and 62 cents in Tennessee. Average prices peaked in June last year at $2.80 nationally and $2.58 in Tennessee. Prices will likely peak around the same time this year, unless there are sizable shifts in crude oil prices.
The average price per gallon in Tennessee is $2.13. The low price this week in Tullahoma is $2.06 and in Manchester the low price per gallon is $2.07.
Gas Prices stay nearly stable
