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Gas prices on the rise, AAA says

Staff Report • Dec 27, 2017 at 10:00 PM

NASHVILLE — Oil prices reached new heights Wednesday, causing a bump in the road for falling gas prices.

Tennessee gas prices climbed nearly a full cent overnight. The state average is now $2.24 after rising 2 cents during the past week, AAA reported.

During the past eight days, the needle has pointed up for gas prices in Tennessee, although the state average has risen only 2 cents during that time. On Christmas Day, the state average of $2.23 was 14 cents more than the year before and the highest price for the holiday in three years, according to AAA.

“We may see moderate increases at the pump this week, but the downward trend should resume in the new year,” said Mark Jenkins, AAA spokesman, in a press release. “After the holidays, gasoline demand takes a sharp turn lower, because fewer people take extended road trips in January.

“The weak demand, plus high refinery output should keep gas prices low,” he added. “However, motorists should prepare for the seasonal 30-70 cent surge in the spring, as refineries conduct maintenance.”

Most expensive gas prices in the state

• Jackson ($2.32)

• Nashville ($2.27)

• Morristown ($2.26)

Least expensive gas prices in the state

• Chattanooga ($2.13)

• Clarksville-Hopkinsville ($2.17)

• Johnson City ($2.17)

Highs and lows of 2017

• Tennessee: The highest average price was $2.60 on Sept. 10. The lowest was $1.99 on July 5.

• National: The highest average price was $2.67 on Sept. 8. The lowest was $2.23 on July 5.

To view daily gas price averages, visit www.GasPrices.AAA.com.

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