State gas price average rises one cent

The average per-gallon price of regular gas in Tennessee was $3.26 as of yesterday, once cent more  compared to the figure from the previous week, according to AAA.

In Nashville, the average per-gallon price of regular gas was 3.26 as of Sunday, a once-cent increase compared to the figure from the previous week. (See chart below.)

As of Sunday, the national average price was $3.65, a seven-cent per-gallon increase. More specifically, and to compare to Tennessee, Georgia’s per-gallon average of $3.45 rose one cent.

Similarly, oil prices remained relatively stable nationwide last week, according to AAA The Auto Club Group.

The cost for a barrel of oil closed at $96.02 on the New York Mercantile Exchange, two cents less than the figure from the week prior, AAA reported.

“People who plan to enjoy Memorial Day weekend will likely see stable prices at the pump and shouldn’t expect prices to spike, barring any unforeseen events that endanger fuel supplies," Jessica Brady, AAA spokeswoman, The Auto Club Group, said in a release. “Although gas prices are nearing year-ago levels, they are not expected to deter holiday travelers from enjoying the three-day weekend.”

U.S. output of crude oil rose two weeks ago, pushing supplies to an 82-year high, according to the U.S. Energy Information Administration.