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Monday, January 08, 2018

Gas prices
Gas prices have held relatively steady, during the first seven days of the year. In Tennessee, gas prices averaged $2.28 on Sunday. The state average is 2 cents more than a week ago, and is 13 cents more than this time last year. Prices at the pump remain elevated due to strong oil prices. The first week of the new year is historically strong for oil prices. Then the reality of low winter demand pushes them lower for the next month or two. Meanwhile, gasoline demand, has dropped significantly, contributing to a strong build in fuel availability. This phenomenon is normal this time of year, and usually leads to lower gas prices in January and February. "Retail prices could drop 5-15 cents in the next month and a half, while supply outpaces demand," said Mark Jenkins, spokesman for AAA in Tennessee. But he says springtime often is a springboard for prices at the pump, and we may see a 40-50 cent jump per gallon by summer. Prices normally rise in the spring as demand grows and supplies tighten. Historically, gas prices rise 30-75 cents per gallon during spring maintenance season, due to the supply reduction and summer-blend switch. Jenkins says this spring is likely to be more active than usual for refineries, putting the price-hike on the higher end of that 30-75 cent scale.


Return to Today's News Stories - Front Page

Saturday, September 22, 2018

  • Newport East Broadway Update
  • Cocke County Industrial Park
  • Medical issue may have led to Thursday crash

    Friday, September 21, 2018

  • Cocke County to be asked to fund grading for an industrial prospect
  • Justice receives 10 year prison term
  • Tennessee jobless rate remains low
  • Tennessee revenues are up

    Thursday, September 20, 2018

  • Paulin home burglary
  • Four vehicle crash
  • Boyd may be UT president
  • More opioid crisis funding

    Wednesday, September 19, 2018

  • Daniel approved for ballot
  • Tennessee average income is rising
  • Tennessee and opioids
  • Roe on Kavanaugh
  • Blake Shelton on Ole Red
  • Tennessee Agricultural Enhancement Program (TAEP

    Tuesday, September 18, 2018

  • Cocke CLB
  • Cocke Circuit Court
  • Brett Kavanaugh
  •    

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