Gas prices on the rise in state

By Staff Reports

Average retail gasoline prices in Tennessee have risen 1.4 cents per gallon in the past week, averaging $3.27/g Sunday. This compares with the national average that has increased 0.4 cents per gallon in the last week to $3.50/g, according to gasoline price website TennesseeGasPrices.com.

Including the change in gas prices in Tennessee during the past week, prices yesterday were 29.9 cents per gallon lower than the same day one year ago and are 27.5 cents per gallon higher than a month ago. The national average has increased 12.1 cents per gallon during the last month and stands 20.2 cents per gallon lower than this day one year ago.

“While motorists in many regions saw gasoline prices stabilize over the last week, it’s only a matter of time before last week’s rise in wholesale prices translates to a continued march higher on the retail level,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “The late week rally in stocks seemed to also fuel commodities higher, leading me to believe that pump prices will again pick up over the next week,” DeHaan said.