WNIJ's Gas Price Monday
- Author: Zachary Reyes Feb 20, 2017,
Feb 20, 2017, 19:24
Monday begins the annual slow climb for gas prices.
"It is what it is", said one man, who was filling his tank. "Domestic oil production and a glut in oil and gas supplies are keeping a lid on prices at the pump". A year ago at this time, gas was selling for $1.691 per gallon.
Gas prices generally peak around Memorial Day.
Statewide prices in Michigan have actually gone down in the past week, falling by about 5 cents per gallon according to AAA Michigan. On Friday, WTI oil closed at $53.40 a barrel on the NYMEX, down 46 cents from last week's final settlement.
The average IL price for a gallon of regular unleaded is $2.29.
State of Tennessee- $2.05, flat from last week's $2.05.
According to GasBuddy historical data, gasoline prices today are up 52 cents a gallon from the same time a year ago, although prices are still $1.59 per gallon less than what they were two years ago at this time.
Tennessee gas prices rose slightly this week. The national average has decreased 3.8 cents per gallon during the last month and stands 56 cents per gallon higher than this day one year ago. The lowest regional averages in the state are in Clarksville-Hopkinsville ($2.020), Chattanooga ($2.032) and Johnson City-Kingsport-Bristol ($2.058).