Monday, May 21, 2018

Expensive gas for Memorial holiday
As we head toward the Memorial Day weekend, gas prices are increasing in Tennessee. But as the national average continues to push toward $3 a gallon, gas prices in Tennessee are among the lowest in the country. Sunday's national average of $2.92 is 57 cents more than this time last year. As of Sunday, gas prices averaged above $3/gal in 14 states. Rising crude costs, switchover to more-expensive-to-produce gasoline, tighter supplies and robust gasoline demand continue to help lift pump prices . Tennessee gas prices increased 5 cents during the past week, and Sunday's state average of $2.67 is the most expensive daily average in more than three years. Tennessee motorists are paying 58 cents per gallon more than this time last year. "Current fundamentals will likely lead gas prices even higher before the Memorial Day weekend," says Mark Jenkins, spokesman for AAA. "Regardless of higher prices at the pump, AAA still forecasts the most holiday road trippers in more than a dozen years. More than 41.5 million people will travel for the 2018 Memorial Day weekend, which is nearly five percent more than last year. That would be the most travelers since 2005 for the holiday period that this year runs from May 24 through May 28, according to AAA.


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