Knoxville- $2.52, down 1.3 cents per gallon from last week's $2.54. "Even with gasoline demand remaining flat during the past two weeks, the national gas average increased five cents in the past two weeks with other factors driving prices, including the switchover to summer blend, geopolitical events, global supply and US production".
The auto club traces the higher price trend to factors including the switch to summer-blend gas and geopolitical events, and forecasts a 5-to 10-cent hike between now and Memorial Day, but doesn't expect the national average to hit $3.00 a gallon this year. Geopolitical events, decreased global supply/OPEC cuts, expensive crude oil, record US production and high demand have all contributed toward driving up gas prices since January. Last month the national average was $2.660, while the year-ago average was $2.298. According to the company, if gas prices are an issue, vacationers will find savings in other areas to offset the higher prices like shortening their trip or finding a cheaper hotel.
$3.01/g in 2017, $2.63/g in 2016, $3.21/g in 2015, $4.38/g in 2014 and $4.33/g in 2013. The country would have to revert to a few swap deals (e.g., oil for razor blades) and much of its 3.5 million barrels a day of production would effectively be gone from the market.
Over the past week, 177 gas stations were surveyed and all over all gas prices have dropped about 15 cents per gallon. Much will depend on his decision on this subject.
The average gas price in Baton Rouge on Sunday, May 6 was $2.45 per gallon.
Additionally, CNN reports, also concerns which President donaldtrump is about to inflict new sanctions on Iran have sent oil prices rising, along with gas rates. The price went up slightly in Vermont to an average of $2.79 per gallon. GasBuddy is available on all mobile platforms.