Despite oil reaching its highest price of the year, the national average price for gasoline declined Sunday, for the first time since rising 27 cents during a period of 25 consecutive days.
U.S. gas prices are now exactly $1 cheaper than this time last year and motorists are saving an average of $15 on a full tank of gas.
“This is great news for motorists who are shaping their Memorial Day travel plans,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
The recent price increase at the pump has been worsened by regional refinery issues, but is primarily the result of more expensive crude oil. The price of West Texas Intermediate crude has climbed since March and last week settled above $60 per barrel for the first time since December 10.
In Tennessee the current average price of $2.41, 1-cent more than last week, 27 cents higher than a month ago and $1.06 less than this time last year. In Manchester the low price as of Tuesday night was $2.44 and in Tullahoma the low price was $2.40.
Weekly Gas Price Update
