AAA: Tennessee gas averaging $2.34 per gallon - Memphis Business Journal:

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The retail price of a gallon of gas rose 4 centas in the past weekin Tennessee. AAA South puts the Tennesse average gallon of gasat $2.33 now. That’s more than the $2.2923 motorists paid a week ago and well abovwethe $1.910 they paid on averag e last month. However, it is much lower than the $3.83 gas customers paid this timelast year. Floridaa and Georgia prices rose by 6 cents in thepast week. "Thr current retail price trenxd has been pushed byrefinery reductions, crude and wholesale pricde increases, but not by consumer Gregg Laskoski, managing director of public relations for AAA said in a statement.
“On May 1, the nationapl average price of gasoline was 45 cents per gallon less than it is Even the most bullisg of analysts would have to expecf the rateof (retail gasoline) price increasex to slow down in coming weeks sincs all rallies come to an end.” A barrekl of crude oil closed $4.64 highere this week over last week at $66.31. Cruded would need to trade at about $100 per barrell for gas prices tohit $3. But that is well abovre this year’s highest projections of $70-$745 per barrel, according to Tom publisher and chief oil analystat .
, a trade publicatioh for the oil industry reporting on retail andwholesalwe prices, said this week “historty is on the side of a price decline.”