Low Gas Prices Expected To Increase As Middle East Violence Rises!

Low Gas Prices Expected To Increase As Middle East Violence Rises!

Although gas prices are expected to fall throughout the Thanksgiving holiday, the rate of decrease is expected to slow as violence in the Middle East has resurfaced concerns of a supply disruption in the region. If tensions continue to escalate between Israel and its neighboring countries, it could reverse the downward trend in oil and gas prices seen during the past few weeks.

Many Murfreesboro motorists have been pleasantly surprised by findings many discounters offering lower than normal rates. In fact, one has regular gas for $2.86 per gallon.

"Whenever violence escalates in the Middle East as it has with Israel and its surrounding countries, oil prices are sure to increase," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "The current conflict overseas means motorists may not see gas prices fall as much as recently forecast. Right now, tensions in the Mideast have increased concerns of oil supply disruptions in the region which have the potential to reverse the downward trends in both oil and gas prices.

“In the short term, Thanksgiving travelers shouldn’t see gas prices spike before the holiday, but instead may see prices remain relatively flat.”

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