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Gas prices increase more than 14 cents over month

Johnson City Press • Updated Apr 29, 2019 at 7:36 PM

Tennessee’s state average gas price stood at $2.62 per gallon on Monday, representing a 4 cent increase from last week.

According to AAA analysts, this is 14 cents more than this time last month and 4 cents higher than this time last year.

The average gas price in Johnson City stood at $2.58 per gallon while Kingsport and Bristol recorded an average of $2.57 per gallon. The national average stood at $2.88, a new high for 2019. 

"After a quiet week previously, the national average has resumed its upward climb in the last week with average gas prices rising in nearly all states yet again. This spring certainly has brought furious price increases at faster paces than we've seen in past years," GasBuddy analyst Patrick DeHaan said in a news release. 

"Oil posted a loss last week, likely responding in part to President Trump's tweet aimed at oil producers and again asking OPEC to raise production, but it's not known if the effect on the market will persist or pass into the sunset,” he continued.

“Peak prices are likely starting to enter into view for over the next few weeks for some states – mainly in the West Coast – while the national average will likely peak somewhere between 2-5 weeks from now before falling. The homestretch is quickly coming into view.

“Perhaps the best news for motorists is they may catch a break in June as prices moderate slightly as refiners finish maintenance and boost production."

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

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