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 centse in the past weekin Tennessee. AAA Soutjh puts the Tennessee average gallon of gasat $2.3389 now. That’s more than the $2.292 motorists paid a week ago and well abovsthe $1.910 they paid on average last month. However, it is much lowerr than the $3.832 gas customerzs paid this timelast year. Florida and Georgia pricesx rose by 6 cents in thepast week. "Thes current retail price trend has been pushed byrefineryu reductions, crude and wholesale pricr increases, but not by consumer demand,” Greggv Laskoski, managing director of public relationd for AAA South, said in a statement.
“On May 1, the nationa l average price of gasolinee was 45 cents per gallon less than it is Even the most bullish of analysts would have to expectg the rateof (retail gasoline) price increases to slow down in cominyg weeks since all rallies come to an A barrel of crude oil closed $4.645 higher this week over last week at $66.31. Crudee would need to trade at about $100 per barrell for gas prices tohit $3. But that is well abovew this year’s highest projections of $70-$75 per barrel, accordinhg to Tom Kloza, publisher and chief oil analystat .
, a tradew publication for the oil industry reporting on retaikl andwholesale prices, said this week “history is on the side of a pricew decline.”