Economy

AAA: Tennessee gas prices hit 3-year high after hurricanes

AAA: Tennessee gas prices hit 3-year high after hurricanes”

Last week, gasoline hit the highest price in three years.

Mark Jenkins, a spokesman for AAA and the Auto Club Group, said on Monday that the hurricanes were to blame but he sounded optimistic that prices would drop in the near future. This year, hurricanes became the catalyst.

The average gas price in Macon is still 45.6 cents higher per gallon than the same time previous year.

Still, that remains way up from averages of $2.10 a gallon before Harvey.

Pensacola saw the least expensive average in Florida with prices at $2.63 per gallon. AAA Michigan's latest Gas Gauge survey finds the average state-wide price of self serve regular has dropped 15 cents the past week.

The lowest-priced gas in the Naples-Bonita Springs area that's not part of a membership warehouse (Sam's Club and Costco) was $2.63 - at stations including the Speedway at 27001 Old 41 Road and East Terry Street in Bonita, and the 7-Eleven at 4831 US 41 E., East Naples.

After surveying 292 gas outlets in Macon, the average price of a gallon of regular gasoline is $2.61, slightly higher than the national average of $2.60 a gallon.

However, fuel prices are expected to keep falling as more refining activity resumes along the Texas Gulf Coast and as refineries nationwide continue switching to cheaper winter-grade fuels for the months ahead.

"Gas prices are poised to plummet 30 cents", Jenkins added.

Giang said a 10 cent or even 20 cent raise does not make that much of an impact on people's budgets, however since gasoline is something people are always buying and are always seeing the price of, they always seem to notice the change. The national average has increased 27.9 cents per gallon during the last month and stands 40.4 cents per gallon higher than this day one year ago. Plus, the threat of any new storms making landfall in the United States would compromise the collapse. "However, motorists should see gas prices decline through the end of the month, and possibly reach the lowest point of the year in Q4".



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