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Mon, Sep 22, 2014

Thanksgiving gas prices are highest ever

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Average retail gasoline prices in Tennessee have risen 1 cent per gallon in the past week, averaging $3.15 per gallon as of Sunday, Nov. 25.

This compares with the national average that has not moved in the last week to $3.43/g, according to gasoline price website TennesseeGasPrices.com.

"While Thanksgiving 2012 is now behind us, the stigma of record high gasoline prices is not," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"Thanksgiving Day 2012 featured the highest ever daily average for the holiday, beating out 2011 by over 10-cents per gallon. The national average may continue to moderate slightly by Christmas, but I'm not expecting significant decreases or increases in the national average in the short term at this point. There are several factors putting both upward pressure and downward pressure on oil and gasoline, and I expect some fluctuation in prices, but overall, there will likely not be much change between today and Christmas," DeHaan said.

Including the change in gas prices in Tennessee during the past week, prices Sunday were 4.7 cents per gallon higher than the same day one year ago and are 16.3 cents per gallon lower than a month ago.

The national average has decreased 14.1 cents per gallon during the last month and stands 11.0 cents per gallon higher than this day one year ago.

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Economy, Gas Price, Gas Price Index, GasBuddy, Tennessee
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