Gas Prices Continue to Fall

Gas prices are falling in DeKalb County and across the state and nation.
According to published reports, Tennessee has some of the lowest gasoline prices in the country, with numbers continuing to fall.
As of this morning (Wednesday), at least three Smithville area convenience stores had advertised prices of regular unleaded at $2.17 per gallon, a reduction of eight cents per gallon since Tuesday. Prices at the others ranged from $2.19 to $2.29.
Average retail gasoline prices in Tennessee have fallen 8.6 cents per gallon in the past week, averaging $2.102/g according to GasBuddy’s daily survey of 3,821 gas outlets in Tennessee. This compares with the national average that has fallen 8.2 cents per gallon in the last week to $2.260/g, according to the gasoline price website
Back in April, Tennesseans were seeing some of the highest gas prices in a very long time. The Auto Club Group AAA said the average price was $3.50.
Gas prices went below $3 just a few months ago. Now that number is under $2 in many places and experts said they will keep on falling.
“The world’s oil supply continues to outpace demand keeping downward pressure on oil and gas prices,” said Mark Jenkins, spokesman for AAA in other published reports. “Speculators believe this trend will continue next year, so cheap gasoline should stick around for a while.”
The national average price for a gallon of regular unleaded fell every day since September 25 to today’s average of $2.260, which is the lowest average price per gallon since May 2009.

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