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Gas prices decline in Tennessee, most of the U.S.

Staff Report • Aug 20, 2018 at 5:45 PM

NASHVILLE — Gas prices in Tennessee declined for the 16th consecutive day on Sunday.

The state average of $2.61 per gallon is 2 cents less than a week ago and 1 cent less than last month. Even so, Tennessee motorists are still paying 47 cents more than this time last year, AAA reported.

Most expensive gas prices in the state

• Jackson ($2.67)

• Nashville ($2.66)

• Memphis ($2.64)

Least expensive gas prices in the state

• Cleveland ($2.53)

• Chattanooga ($2.54)

• Kingsport-Bristol ($2.55)

National trends

The average American is paying 50 cents more per gallon than they did this time last year, according to AAA.

However, gas prices are declining across most of the country. The national average on Sunday was $2.84 per gallon, a discount of 2 cents from the week before.

“Prices declined last week after crude inventories grew and gasoline supplies remained stable despite strong demand,” Mark Jenkins, AAA spokesman, said in a press release. “Although demand was higher than the week before, it remains below most of July.”

“Summer driving season is winding down, yet many Americans will take one final road trip during Labor Day weekend. The sudden jump in gasoline demand could cause one final bump in prices at the pump.”

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

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