How low can they go? Gas prices expected to keep dropping

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HUNTSVILLE, Ala. (WHNT) - The start of fall means gas prices have begun falling.

Even better news for Tennessee Valley drivers? Some of the lowest prices in the country can be found in Alabama and Tennessee.

AAA, the largest leisure travel organization in North America, tracks gas prices through a daily fuel gauge report. On Monday, the report showed the statewide average for a gallon of regular unleaded gas in Alabama was $3.01. Tennessee was at $2.99. Both were far below the national average of $3.19.

However, a number of stations are still selling gas well above the $3 mark. Clay Ingram, a spokesman for AAA Alabama, says some variation may be attributed to local tax structures. Where a large discrepancy exists in the same city or town, Ingram says it's more likely the station is trying to make a higher profit off fuel.

Ingram explains that the widespread introduction of pay-at-the pump means fewer drivers now go inside the station and pick up a snack. As convenience store profits fall, some stations have raised prices at the pump to make up  the difference.

For drivers who want a good deal, though, there are plenty of deals to be found. Even with Alabama's average at $3.01, many stations in and around Huntsville were selling Monday for $2.95 and below.

Ingram says, "we've got a lot of stations out there that are below the $3 mark, and I think we'll see more and more as the weeks go by."

The time of year typically brings a decrease in prices, as demand drops and refineries switch to a winter-blend gasoline, which is less expensive to produce. Most industry analysts expect the downward trend to continue until the holidays, before leveling off.

 

 

7 comments

  • Say What

    America is producing so much oil today that we are partly responsible for the creation of a world-wide oil glut — thanks Obama!

    • Branko Pezdi

      Always fact challenged, always comical, eh say what? What does Obama have to do with all the American petroleum produced on PRIVATE land? Answer for your addled brain: NOTHING.

      • Say What

        Blanko, you are always intelligence challenged! I love it when people like you blame our first black president for not having policies that encourage more domestic oil drilling and than also criticism him when he oversees the creation of the largest domestic oil drilling in recent history! People like you make me think you are focused on some race thing!

  • Joe

    Oh wait until the republicans say it is so bad. Stock market DOW over 17,000, unemployment below 6%, gas prices below $3.00. I am sure the world will end soon. Lying hypocrites if the would help any the economy would boom. That is what they are afraid of so they vote NO on everything. That is ok Hillary will beat them again in 2016.

    • Branko Pezdi

      What’s that about the stock market again? Are we talking about the market that rose on the back of easy money rather than corporate earnings? That market? How’s it doing these days now that QE3 is over?

      Do you have any idea what the REAL unemployment rate is? You know, not the numbers that government propagandists spew but rather the numbers that include ALL working age Americans? Do you have an answer or just lies?

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