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Tennessee gas prices rise 18 cents in aftermath of Colonial Pipeline shutdown

Officials said crude oil prices and gasoline demand will be two large factors in determining how expensive gas prices will go.
The Tennessee Gas Price average is now $2.89 which is 19 cents more than one month ago and...
The Tennessee Gas Price average is now $2.89 which is 19 cents more than one month ago and $1.27 more than one year ago, according to AAA.
Updated: May. 17, 2021 at 12:59 PM EDT
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KNOXVILLE, Tenn. (WVLT) - Gas prices across Tennessee increased nearly 18 cents over the last week in response to the Colonial Pipeline shutdown.

The Tennessee Gas Price average is now $2.89 which is 19 cents more than one month ago and $1.27 more than one year ago, according to AAA.

“The Southeast will continue to experience tight supply this week as terminals and gas stations are refueled,” said AAA spokeswoman, Megan Cooper. “Over the weekend, gas prices started to stabilize, but are expected to fluctuate in the lead up to Memorial Day weekend.”

According to AAA, nearly 87 percent of gas stations across the state have prices below $3. The lowest 10 percent of pump prices are $2.67 for regular unleaded and the highest 10 percent at $3.18 for regular unleaded.

The national gas price average is the most expensive in six years at $3.04, AAA reported.

“This is going to be an expensive summer for motorists. However, we do not expect it to deter travelers from hitting the road. AAA finds that despite the higher pump prices, Americans still take their road trips but just may not travel as far as originally planned, or go to their planned destination and spend a little less,” Cooper said.

Officials said crude oil prices and gasoline demand will be two large factors in determining how expensive gas prices will go.

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