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Gas prices push lower before Labor Day weekend

Staff Report • Aug 27, 2018 at 8:00 PM

NASHVILLE — Prices at the pump are declining in the southeastern United States as Americans prepare for the final holiday of the summer travel season.

Gas prices in Tennessee declined 2 cents last week, AAA reported. The state average declined for the 23rd consecutive day on Sunday, for a total discount of 6 cents.

Despite the declines, Sunday's state average of $2.59 is still 44 cents more than this time last year, according to AAA.

Most expensive gas prices in the state

• Jackson ($2.66)

• Nashville ($2.64)

• Memphis ($2.63)

Least expensive gas prices in the state

• Cleveland ($2.50)

• Chattanooga ($2.52)

• Kingsport-Bristol ($2.53)

Then and now

Tennessee gas prices currently sit just 4 cents above last year's Labor Day average. Declining demand and rising supplies have allowed prices at the pump to steadily slip lower, according to AAA.

“Pump prices are 40-50 cents higher than a year ago, but that spread will be erased by Labor Day," said Mark Jenkins, AAA spokesman, in a press release. “Holiday travelers will find pump prices at around the same level as last year.

“In 2017, gas prices spiked before Labor Day after Hurricane Harvey struck the Gulf Coast. This year, motorists should benefit from a relatively quiet hurricane season along the East Coast. Although pump prices may fluctuate with surging holiday demand, AAA does not forecast a significant hike, unless there is an unexpected disruption in supply.”

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

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