For the first time in more than 100 days, the year-over-year difference in the national average price for regular unleaded gasoline fell below $1 per gallon this past Tuesday (-99 cents). Today’s price of $2.70 per gallon represents a new high for 2015. The national average has moved higher by 4 cents per gallon since last Sunday.
“Thanks to fluctuating oil prices, gasoline keeps inching up at a time of year when prices typically begin their fall,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Supply disruptions on the U.S. West Coast and increases in the price of crude oil are likely to keep upward pressure on gas prices in the near-term. Despite consecutive weekly increases at the pump, consumers are still expected to pay some of the lowest prices for the Memorial Day Holiday in nearly five years.”
Crude oil rose above $60 a barrel again last week, but finished the week at $59.69 on the NYMEX.
The average price in Tennessee ($2.46) is the highest since December 10, 2014. In Manchester the low price as of Tuesday night was $2.39 and in Tullahoma the low price per gallon was $2.36.
Gas Prices Up Slightly Around The Nation–Down Slightly Locally
