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Gas prices hit five-week lows, AAA says

Staff Report • Updated Dec 12, 2017 at 2:16 PM

NASHVILLE – The month of December continues to deliver discounts at the pump for U.S. motorists.

AAA reports that gas prices have slipped to five-week lows after declining non-stop for the past month. Tennessee gas prices averaged $2.26 on Sunday, a decline of 2.5 cents over the past week.

Prices are 7 cents less than a month ago, but remain 21 cents higher than this time last year, AAA reported.

“Seasonal trends like reduced gasoline demand and increased fuel supply are allowing pump prices to keep moving lower,” said Mark Jenkins, AAA spokesman, in a press release. “The first half of December is normally characterized by weak demand, as cold weather and shorter days cause Americans to drive less. Look for another week of declines as refineries continue to produce gasoline at a much higher rate than what is being consumed.”

Most expensive gas prices in the state

• Jackson ($2.36)

• Memphis ($2.30)

• Nashville ($2.29)

Least expensive gas prices in the state

• Chattanooga ($2.14)

• Cleveland ($2.16)

• Clarksville-Hopkinsville ($2.21)

Highs and lows of 2017

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

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

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

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