So far, retail gas prices have remained stable in the region, but have fallen 6-cents locally. Here in Murfreesboro many discounters are offering $2.93 per gallon.
In 2012, the nationwide average was $3.23 for the end of year holiday season. Currently, the national average is one cent more, at $3.24, for a gallon of regular unleaded gasoline.
Although pump prices didn’t fluctuate much last week, oil prices did. A barrel of oil rose to $99.32 after reports showed larger than expected economic growth in the third quarter. We’re approaching the New Year rally, which means motorists could see gas prices pop in the first few weeks of 2014.
"Gas prices will likely remain relatively stable until the new year,” said Jessica Brady, AAA spokesperson, The Auto Club Group. "The stability may not last long. Oil prices recently jumped on a growing U.S. economy and it’s likely pump prices will rise after the first of the year on optimism fuel demand will increase in 2014.”