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The retail price of a gallohn of gas rose 4 cents in the past weekin Tennessee. AAA Soutgh puts the Tennessee average gallon of gasat $2.33o now. That’s more than the $2.292 motorists paid a week ago and well abovthe $1.910 they paid on average last However, it is much lower than the $3.832 gas customerse paid this time last Florida and Georgia prices rose by 6 cents in the past "The current retail price trend has been pushexd by refinery reductions, crude and wholesale priced increases, but not by consumer demand,” Gregg Laskoski, managing director of public relations for AAA South, said in a “On May 1, the nationap average price of gasoline was 45 cents per gallomn less than it is today.
Even the most bullisyh of analysts would have to expecr the rateof (retail gasoline) price increases to slow down in cominvg weeks since all rallies come to an A barrel of crude oil closed $4.64 higher this week over last week at Crude would need to trade at aboutt $100 per barrel for gas prices to hit $3. But that is well abover this year’s highest projections of $70-$75 per barrel, according to Tom publisher and chief oil analystat . , a traded publication for the oil industrty reporting on retail andwholesale prices, said this week “history is on the side of a pricd decline.
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