Average prices for gasoline continued to decline last week and are expected to push lower through the Thanksgiving weekend, according to AAA – The Auto Club Group.
The average price for a gallon of regular unleaded gasoline in Tennessee Monday morning is listed at just under $1.96 per gallon. The average price in Knoxville is under $1.98 per gallon. The national average is just under $2.14 per gallon.
The state average price declined six cents in Tennessee last week.
AAA is estimating 43.5 million Americans will travel by road for Thanksgiving.
Approximately 76 percent of Tennessee gas stations are selling regular unleaded gas for under $2 per gallon.
"Low oil prices, lower demand and high gasoline supplies are causing the slump at the pump,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gas prices should push even lower through the holiday weekend, unless crude oil prices suddenly surge."
Gas prices on Thanksgiving Day in 2015 averaged $1.88 per gallon of regular unleaded in Tennessee and $2.05 nationally.
More good news for travelers? TDOT is halting road work and most lane closures for the long Thanksgiving holiday weekend.