Gas Prices Slip Lower

Gas Prices Slip Lower | gas prices; $3.05; AAA; Murfreesboro, TN; WGNS

If you look around, you can get regular gas in Murfreesboro for $3.05 per gallon. That's not all, some Tennessee counties east of us have $3.00 per gallon gas. Now these AAA figures compare current prices to a week, month or year ago. What it doesn't show is that gas prices locally were below the $3.00 level just a few months ago.

"Motorists are reaping the benefits of booming domestic oil production which has provided the cheapest gas prices for August in years," said Mark Jenkins, spokesman, AAA- The Auto Club Group. "The price of oil declined slightly last week, so gas prices could slip even more this week."

Tensions between Russia and Ukraine, and the situation in Libya also remain front of mind for many, although none of these occurrences have resulted in a disruption to oil supply. Ultimately, despite these geopolitical headlines and because of increased domestic production, oil prices continue to trade near multi-month lows. The price of West Texas Intermediate (WTI) settled at $97.35 per barrel at the close of formal trading Friday, which is 30 cents lower than the week before."Motorists are reaping the benefits of booming domestic oil production which has provided the cheapest gas prices for August in years," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "The price of oil declined slightly last week, so gas prices could slip even more this week."


CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago Year Ago
National $3.457 $3.462 $3.478 $3.590 $3.542
Florida $3.354 $3.360 $3.373 $3.531 $3.506
Georgia $3.347 $3.352 $3.356 $3.497 $3.438
Tennessee $3.222 $3.225 $3.240 $3.378 $3.316

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