Retail gasoline prices in the Nashville area fell 5.5 cents per gallon during the past week, averaging $3.15 per gallon as of Sunday, according to gasoline price website NashvilleGasPrices.com.
This compares with the national average of $3.43, a decrease of 3.2 cents.
Nashville prices Sunday were 2.8 cents per gallon lower than they were on the same day one year ago and 32.9 cents per gallon lower than they were four weeks ago. The national average has decreased 26.4 cents per gallon during the last four weeks and stands 6.5 cents per gallon higher than on this day one year ago.
“With Thanksgiving just days away, Americans will be hitting major thoroughfares en masse," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a release. "While gasoline prices have dropped in the last month and a half, the national average will still come close to breaking a record — the highest ever national average for Thanksgiving. I don't really see how gas prices could greatly improve between now and Christmas, given the new military action in the Middle East and other pressures. It's all but certain the national average will not drop under $3.25 per gallon, which could lead to a perilous start to 2013.”
GasBuddy operates NashvilleGasPrices.com and more than 250 similar websites that track gasoline prices at approximately 140,000 gasoline stations in the United States and Canada.