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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

Friday, July 20, 2018

  • Graham on local job prospects and Conagra
  • West Virginians arrested in Jeff County robberies
  • Jobless numbers for Tennessee
  • Alexander on tariffs

    Thursday, July 19, 2018

  • Buckner arrest
  • Martin couple found
  • Lewis arrested on meth charges
  • Fraudulent IRS scam
  • East TN Artscapes is moving
  • Best Western thefts
  • Alexander on healthcare
  • Ozone keeping visitors away

    Wednesday, July 18, 2018

  • Myers incident
  • Cocke budget process
  • SNAP food guidelines
  • Phoenix Closures becomes Phoenix
  • RAM in Jeff County
  • Opiod lawsuit

    Tuesday, July 17, 2018

  • East Broadway work continues
  • CLB meets
  • Tennessee senators disagree with Trump
  • Early voting is underway

    Monday, July 16, 2018

  • Elderly Newport couple missing
  • Quick-change artist busted
  • Pet Milk Park arrests
  • Wood arrest
  • Tennessee DA's get good audit report
  • Bredesen/Blackburn poll
  • Bus drivers needed
  •    

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