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Holiday gas prices expected to be similar to or cheaper than last year

Staff Report • Nov 26, 2019 at 6:30 PM

NASHVILLE — As 49.3 million Americans prepare to drive to their Thanksgiving destination, they’ll likely find gas prices similar or cheaper than this time last year.

Tennessee’s average gas price of $2.30 is 1 cent less than both last week and last month and 4 cents less than a year ago, according to AAA. The national average is $2.59, which is flat on the week, 2 cent less than a month ago and 3 cents more than this time last year.

Across the country on Monday, 61% of all gas stations were selling regular unleaded for $2.50 or less, AAA reported.

“During Thanksgiving week last year we saw the national gas price average ($2.57) decrease a nickel between Monday and Thursday; that could be the case again this year,” said Stephanie Milani, Tennessee public affairs director for AAA, in a press release. “AAA expects 49.3 million Americans to drive to their holiday destination, increasing traffic on the roads this week, which will spike on Wednesday as travelers and commuters mix.”

Local averages

• Johnson City ($2.31)

• Kingsport-Bristol ($2.30)

Most expensive gas prices in the state

• Jackson ($2.37)

• Memphis ($2.34)

• Nashville ($2.33)

Least expensive gas prices in the state

• Cleveland ($2.20)

• Chattanooga ($2.23)

• Clarksville-Hopkinsville ($2.25)

What about oil?

At the close of Friday’s formal trading session on the New York Mercantile Exchange, West Texas Intermediate crude decreased by 81 cents to settle at $57.77, AAA reported.

However, crude prices increased about a nickel in recent reports, due to news that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are likely to extend their current production-reduction agreement through the middle of 2020 at OPEC’s meeting in Vienna on Dec. 5-6.

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