Tennessee sees flat fuel costs, trend to continue - WKRN News 2

Tennessee sees flat fuel costs, trend to continue

Posted: Updated: May 29, 2012 11:45 AM CDT

As the weather heats up, prices at the pump are cooling off and it seems Tennessee is leading the way.
Ultimately, the price of crude oil, a key factor in determining gas prices, has changed the outlook for 2012.

In the beginning of the year, analysts were predicting gas prices to break $4 a gallon.

Many experts now say prices reached their seasonal peak at the end of March, a month earlier than last year.

In 2010, the yearly average gas price was $2.78 per gallon.  A year later, prices jumped to $3.53 per gallon.

So far in 2012, the average price of gasoline is $3.71 per gallon.

Analysts expect crude oil prices to stay level throughout the year and predict the average price for gasoline to cost $3.67 per gallon at the start of 2013.

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