Gas prices reached another all-time high in Tennessee Friday, and according to the American Automobile Association (AAA), they are only expected to continue rising.
“While drivers might have seen a small break in pump price increases this holiday weekend, we could be looking at the calm before the storm for gas prices,” Megan Cooper, a spokeswoman for AAA, reportedly said.
The average price for a gallon of gas in Tennessee was $4.39 on Friday, the highest ever recorded in the state. That price jump represents a 12-cent increase over the past week alone, and a 48-cent jump over the past month. A year ago, the average cost of a gallon of gas was $2.88.
Nashville has been hit the hardest, where on Friday, the average cost of a gallon of gas was $4.44, five cents higher than the state’s average. Clarksville clocked in at $4.43 per gallon on average, just behind the state’s capital city.
“A dip in gasoline demand provided drivers with a bit of stability at the pump, as the national average for a gallon rose less than three cents over the past week to reach $4.62. But this respite could be brief,” AAA said in a news release this week. “Crude oil has moved above $115 a barrel due to fears of further global supply constraints caused by a European Union (EU) ban on Russian oil exports. And domestic gas demand may again start to climb as drivers fuel up for the three-month-long summer travel season, which began this Memorial Day weekend.”
According to the organization, that means prices are only expected to keep climbing.
One Tennessee politician bemoaned Congress’ plan to send $40 billion to Ukraine, which is currently embroiled in a war with Russia, while the United States deals with rising prices at the pump and near record-high inflation.
“The United States cannot afford to blindly send billions of dollars to Ukraine while we deal with record-high inflation and gas prices here at home,” said Rep. Tim Burchett (R-TN-02) on Twitter. “Europe needs to provide the primary financial aid since the war is right on its doorstep.”
The United States has also stopped importing oil from Russia – which totaled about three percent of America’s oil imports – as a show of solidarity with Ukraine.
_ _ _