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AAA: Gas prices continue to drop

October 7th, 2013 2:50 pm by Staff Report

AAA: Gas prices continue to drop

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The economic outlook due to the government shutdown and weakened gasoline demand continue to push gas prices lower, according to the latest Fuel Gauge Report from AAA South.

And AAA said experts suggest motorists will likely see pump prices drop further this week.

Tropical Storm Karen caused precautionary shutdowns of Gulf oil platforms, but caused no damage, and did not have a negative impact on gas prices.

Tennessee’s average price per gallon sits at $3.17, less than a nickel away from the lowest price seen in 2013. The state’s average was the lowest during the first week of January at $3.13.

The national average this week is $3.46.

Locally, Bristol is showing the lowest price per gallon at $3.07, followed by Kingsport at $3.08. Johnson City has the highest price locally at $3.11.

Oil prices settled Friday at $103.84 on the NYMEX, 97 cents more than the week prior.

AAA South recommends that for the best fuel efficiency, drivers 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 and the AAA Fuel Cost Calculator can be found online at AAA.com

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