Gas price update and outlook - 4.24.12
Posted: Wednesday, April 25, 2012 7:00 pm
Average retail gasoline prices in Tennessee have fallen 5.9 cents per gallon in the past week, averaging $3.70 per gallon Sunday. This compares with the national average that has fallen 4.2 cents per gallon in the last week to $3.85 per gallon, according to gasoline price website TennesseeGasPrices.com.
Including the change in gas prices in Tennessee during the past week, prices Sunday were 4.4 cents per gallon higher than the same day one year ago and are 1.2 cents per gallon lower than a month ago.
The national average has decreased 0.7 cents per gallon during the last month and stands 1.5 cents per gallon higher than that day one year ago.
“Average gasoline prices nationally continue to slowly drop,” said GasBuddy.com senior petroleum analyst Patrick DeHaan. “I’ll go on the record and say that come Wednesday, I expect the national average in the U.S. will actually be lower than it was on the same day in 2011. Prices go up and down every year, every season, regardless of who is on the ballot.”