December 29, 2018
By: Dwayne Page
All of the convenience stores in and around Smithville are selling regular gas for well below $2 a gallon right now. As of early Monday morning, December 31 the lowest price for a gallon of regular gas according to their signage was $1.79 at Jewel’s Market on South Congress Boulevard. Four other businesses were selling regular gas at $1.85 per gallon. Two businesses had it priced at $1.89 per gallon and one location regular gas was $1.80 per gallon.
AAA reported Friday morning that gas prices nationally are expected to have their lowest start to the New Year in three years.
Since mid-October, AAA reports the national average has gone down by 61 cents to $2.29 a gallon.
The average prices for a gallon of regular in Tennessee is now $2.03. On New Year’s Day of 2018, the average price in Tennessee was at $2.13 a gallon.
“Prices at the pump declined as AAA projected last week, largely due to weakness in the stock market and concerns about global crude oversupply,” said AAA Spokesman Mark Jenkins, in a news release. “Although oil and gasoline futures have been on a rollercoaster ride this week, wholesale gas prices have held steady. Unless oil prices suddenly spike, prices at the pump should remain low through the end of the year.”