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Rate of decline for region's gas prices slows

April 3rd, 2013 11:01 am by staff report

The rate of decline for gasoline prices in Northeast Tennessee is slowing, according to AAA East Tennessee.

AAA's latest Fuel Gauge report showed that while this week’s local gasoline prices are less than last week’s, the rate of decline is slowing. "In fact, Johnson City’s average took a small step up from last week," the report stated.

In Kingsport, AAA's Fuel Price Finder showed the average price per gallon in Kingsport this week is $3.36 compared to $3.39 last week and $3.51 last month. A year ago the price was $3.75.

In Johnson City, the Fuel Price Finder showed the average price was $3.43, up slightly from last week's $3.41. Last month the average price was $3.60 and it was $3.79 last year.

According to AAA, positive economic news pushed oil prices to a six-week high and settled at $97.23 on the NYMEX Friday. The U.S. Commerce Department reported an increase in GDP while domestic fuel demand increased the most since December according to the Energy Information Administration.

For the best efficiency drivers, AAA says should make sure their cars are in good shape, reduce excess weight in the car, use the most fuel efficient vehicle possible, and combine trips to reduce gasoline use. Other options are to take public transit where possible or ride a bike. Other suggestions are in AAA’s Gas Watcher’s Guide, free at AAA offices, and on the web at www.aaaet.com.

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