'Boro Gas Cheapest In Tennessee

(MURFREESBORO) Gas prices declined a nickle over the weekend and that trend should continue this week. Some discounters in the 'Boro started the week with regular gas for $2.57 per gallon. That keeps Murfreesboro with the "lowest gas prices" in Tennessee. A year ago, gas was selling for $1.97 per gallon in Murfreesboro.

Gas prices in Tennessee slipped 1-cent lower during the weekend. Due to a slight increase last week, the Tennessee state average of $2.68 per gallon is only a half cent less than a week ago. However, Tennessee motorists are still paying 9 cents per gallon more than last month and 36 cents more than this time last year.

Click here to view AAA's state and metro gas price averages

• The most expensive gas price averages in Tennessee are in Nashville ($2.72), Jackson ($2.71), and Kingsport-Bristol ($2.69)
• The least expensive gas price averages in Tennessee are in Murfreesboro $2.57), Chattanooga ($2.61), Clarksville ($2.64), and Cleveland ($2.64)

"Fuel prices plunged on the stock market last week, which should clear the way for a significant discount at the pump," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Motorists should see a 5-10 cent drop or more in the next 10 days. This is the type of downward movement we normally see at the pump during the fall. However, upward pressure could easily return later this month, as the market braces for U.S. sanctions against Iranian crude, and what that might mean for global supply and demand."

Fuel Picture

• Last week on the stock market (NYMEX)
  • U.S. crude oil prices dropped $3 per barrel
  • U.S. gasoline prices declined 14 cents
• Supply and Demand (Weekly Energy Information Administration Report)
  • U.S. Crude Oil
    • Production reached a new record high. At 11.2 million barrels per day, total crude output is nearly 18 percent higher than this time last year.
    • Supply levels increased for the third consecutive week - registering nearly 1.5 percent higher than the week before. Although U.S. oil stocks are higher than last month, they remain 11 percent below last year's levels.
  • U.S. Motor Gasoline
    • Supplies rose by nearly a half percent, and are nearly 7 percent stronger than this time last year.
    • Production rates dipped by nearly 2.5 percent, yet remain on pace with this time last year.
    • Gasoline demand, according to EIA measurements, is 2.7 percent stronger than this time last year.

Gas Price Tools

• GasPrices.AAA.com - Daily national, state, and metro gas price averages
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CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline