Gas Prices Still Drifting Up
The national average rose two cents ($2.32) while it went up three pennies in Tennessee ($2.03).
"For the first time in recent memory year-over-year discounts are below the $1 per gallon benchmark, largely because gas prices began falling this time last year," said Mark Jenkins, spokesman, AAA – The Auto Club Group. "Consumers are saving 93 cents per gallon versus this same date last year. Gas prices could remain volatile as refinery maintenance season continues, which leaves supplies tightened while gasoline demand remains high. The good news for motorists is that prices are still forecast to slip back toward $2 a gallon by the end of the year."
But the experts still expect prices to drop in October, like they have the last three years.
Oil prices moved higher last week due to geopolitical tensions and a weakening dollar. Russia has increased its presence and engagement in Syria causing unrest and turmoil in the region which could disrupt and/or limit supply.
But gas remains particularly cheap in the Chattanooga area.
GasBuddy.com reports prices are going up here, too.
But the average is $1.93.
The cheapest pumps in town are all over.
Murphy Express on Lee Highway and Hi-Tech on Dayton Boulevard both have $1,74.
The RaceWay on Signal Mtn. Road has $1.75.
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