Tuesday, May 31, 2016

Gasoline prices are rising
Motorists in Tennessee on Memprial Day, found the lowest gas prices in 11 years. The average price for a gallon of gasoline was $2.16. “Pump prices increased through the weekend, but not by enough to deter holiday travelers from taking a road trip,” says Mark Jenkins,of AAA . According to Jenkins, prices remained at levels not seen since 2005, leading to the most Memorial Day road-trippers since that year. On average, drivers are saving $20 for a full tank of gas compared to this time two years ago when gas exceeded $3.60 per gallon. Gas prices are encouraging Americans to drive more than ever before, and as a result gasoline demand in April was the highest on record. But crude oil prices are at 10-month high, up to $49 last week and nearly $2.00 more than the week before. Still unless oil prices suddenly surge, motorists in the Volunteer state should find the lowest summer gas prices since 2005.


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