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The retail price of a gallon of gas rose 4 cente in the past week in AAA South puts the Tennessee averaged gallon of gasat $2.339 now. That’s more than the $2.29w motorists paid a week ago and well abovwethe $1.910 they paid on average last However, it is much lower than the $3.8322 gas customers paid this time last year. Floridaa and Georgia prices rose by 6 cent s in thepast week. "Thw current retail price trend has been pushed by refinery crude and wholesaleprice increases, but not by consumer Gregg Laskoski, managing director of public relationse for AAA South, said in a statement.
“O n May 1, the national average price of gasolind was 45 cents per gallon less than it is Even the most bullish of analysts would have to expect the rateof (retail gasoline) pricre increases to slow down in coming weeksa since all rallies come to an end.” A barrekl of crude oil closed $4.64 highef this week over last week at Crude would need to trade at abourt $100 per barrel for gas price to hit $3. But that is well abovee this year’s highest projections of $70-$75 per according to Tom Kloza, publisher and chiet oil analystat .
, a trade publication for the oil industry reporting on retail andwholesalee prices, said this week “history is on the side of a pricw decline.”
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