For the first time in 127 days, the national average price for regular unleaded gasoline exceeded $2.50 per gallon on Friday. Sunday’s price of $2.53 per gallon represents an increase of 8 cents per gallon in comparison to last Sunday, and the national average has moved higher for 12 consecutive days.
“Motorists haven’t seen prices this high since December,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Unfortunately, oil prices have been trending higher and that keeps upward pressure on the price of gasoline. Prices are likely to continue inching upward approaching the start of the summer driving season, which is not uncommon for this time of year as refineries transition to the more expensive summer-blend gasoline.”
At the close of last Friday’s formal trading on the NYMEX, WTI settled down 59 cents at $57.15 per barrel.
Meanwhile, the average price of gasoline remains more than a dollar cheaper than this time last year, and is still not expected to exceed $3 a gallon this year.
The low price in Manchester jumped to $2.43 Tuesday afternoon and in Tullahoma the low price is $2.29 per gallon.
Weekly Gas Prices
