Gas prices tip over $3 per gallon for Tennesseans – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2021-10-11 15:00:19 –

Nashville, TN (WTVF) — Tennessee may notice an increase when paying by pump this month, with prices currently averaging over $ 3 per gallon.

Last week, Tennessee’s petrol prices soared nearly 12 cents to the highest average petrol price ever this year. The current average is $ 3.01, nearly 12 cents higher than a month ago and $ 1.07 higher than a year ago.

“Crude oil is a major factor in this recent rise in gas prices, which typically accounts for 50% to 60% of pump prices,” said AAA spokeswoman Megan Cooper. “And last week’s decision not to further increase production by OPEC and its oil-producing allies only exacerbated the momentum of rising oil prices.”

Meanwhile, regional supply was tight due to breaches and spills in major pipelines that fuel parts of the southeastern United States. Kinder Morgan Inc. said repairs to its southeastern product pipeline were completed on October 9th and will resume thereafter. Recent heavy rains and floods around Birmingham, Alabama have delayed repairs. The spill occurred on October 1st. The pipeline serves a variety of metropolitan areas, including Birmingham, Alabama. Atlanta, Georgia; Charlotte, NC; and Washington, DC

Today’s national average of $ 3.27 is 10 cents more than a month ago, $ 1.09 more than a year ago, and 63 cents higher than before the 2019 pandemic.

Gas prices tip over $3 per gallon for Tennesseans Source link Gas prices tip over $3 per gallon for Tennesseans

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