AAA: Gas prices stabilizing

For the first time this year, the Tennessee Gas Price Average decreased- falling 2 cents over the last week. The Tennessee Gas Price average is now $2.67 which is 89 cents more than one year ago. “Growing stock levels and cheaper crude oil prices are putting downward pressure on pump prices for the majority of motorists,” explains Megan Cooper, a AAA spokesperson. And she adds, “These are positive signs that less expensive gas prices could be around the corner, but not enough to indicate a steady trend just yet.” At $2.86, the national average has decreased week-over-week for the first time since November of last year. The last week of March average is two cents cheaper on the week. Pent-up demand to go for a drive, following the COVID 19 lockdown, meant increased demand which pushed gasoline prices higher in recent weeks.