AAA report: Gas prices go up due to strong demand

Johnson City Press • Jul 30, 2018 at 10:40 PM

Gas prices rose 2 cents last week as prices in the Southeast continue to face upward pressure, according to a Monday AAA report.

Wholesale gasoline prices rose 8 cents in Florida and Georgia and 7 cents in Tennessee. While gas prices held steady last week in Tennessee, pump prices will face upward pressure heading into this week. Wholesale prices rose 6 cents in the past few days, raising the price for retailers to fill their tanks.

Gas prices in Tennessee now average $2.61 per gallon. The state average is 2 cents higher than a month ago and 53 cents more than a year ago.

• The most expensive gas price averages in Tennessee are in Jackson ($2.67), Memphis ($2.65), and Nashville ($2.64).

• The least expensive gas price averages in Tennessee are in Cleveland ($2.52), Chattanooga ($2.54) and Kingsport-Bristol ($2.56).

Gas prices in Johnson City now stand at $2.57 per gallon.

"Motorists may see higher gas prices this week,"  AAA spokesman Mark Jenkins said. "Strong demand and lower inventories pushed wholesale prices higher. The added cost for retailers will likely be passed along to motorists. Based on demand figures, summer drivers are unfazed by higher prices at the pump this year. Fortunately, a potential 5-10 cent increase this week would still leave pump prices below this year's highs."

For more information on local, state and national gas price trends, visit www.gasprices.aaa.com

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