Gas price update

Average retail gasoline prices in Tennessee have risen 18.7 cents per gallon in the past week, averaging $3.55 per gallon Sunday, according to GasBuddy’s daily survey of 3,821 gas outlets in Tennessee.
This compares with the national average that has increased 11.9 cents per gallon in the last week to $3.68 per gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Tennessee during the past week, prices Sunday were 6.6 cents per gallon higher than the same day one year ago and are 38.5 cents per gallon higher than a month ago.
The national average has increased 42.2 cents per gallon during the last month and stands 16.7 cents per gallon higher than this day one year ago.
“The steady climb of retail gas prices is likely to continue following double-digit increases in wholesale prices with fuel production tightening in the majority of the country’s refineries,” said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski.
“Los Angeles has climbed to $4.28 per gallon with a 55-cent average price increase in the past month, and that rate was surpassed in Chicago ($4.09 average price) and Detroit ($3.86 per gallon average), where motorists saw 63 and 64-cent respective increases over the same period. New York crossed the $4 threshhold too.”
GasBuddy operates TennesseeGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada.
In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.

Published in The WCP 2.19.13

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