Gas prices have been dropping and are predicted to fall another 5-15 cents for the holidays.
The average driver saves $10 on a full tank of gas, compared to summer
By Tamas Mondovics
Mountain City residents could not ignore a strange phenomenon affecting gasoline prices within city limits.
While gas prices, which are already at 2-year lows for this time of year, and are predicted to drop even lower, have fallen considerably all around the region except in town at the four main gas stations.
“It is already painful to spend so much on fuel,” said Steve Howd of Mountain City. “Prices should be a lot cheaper. It is much cheaper everywhere else. From Boone to Butler, and Abingdon,
prices are nearly 20 cents less. It is enough to get just a
couple of gallons locally and get a full tank somewhere else.”
While gasoline prices have been gradually dropping for the past few weeks not to mention another drop after the price of oil and wholesale
gasoline tumbled on Thursday.
According to AAA, gas prices in Tennessee are 14 cents less than the average rate on Christmas Day 2017. In a recent press release (the day of this report sent to press) the state average was $2.09 per gallon. Tennessee motorists are also finding pump prices well below $2 a gallon at various filling stations throughout the state, including Memphis, Knoxville, and Chattanooga.
As of writing this report (other than Williamson County at $2.42), Johnson County gasoline prices remained the highest in the state at $2.30 per gallon.
Filling stations in Mountain City maintained the rate prompting many residents to wonder why the second poorest county has the highest fuel prices in the state
On average, Tennessee drivers are reportedly paying $10 less for a full tank of gasoline, compared to when prices peaked last summer. During the past ten weeks, pump prices plunged an average total of 60 cents.
Officials said that the state average could shed another 10-15 cents, before fully adjusting to recent crude price drops.
Ad to that are AAA’s forecasts 2.5 million Tennesseans will take a road trip between now and New Year’s Day puts things in perspective. An additional 123,000 drivers are expected on the road, compared to last year’s holiday season. That does not include travelers from out-of-state.