Gas prices slip during busy weekend; Tennessee among lowest

KNOXVILLE, Tenn. (WVLT) -- Despite being the busiest holiday weekend of the year, gas prices in Tennessee continue to fall and remain some of the lowest in the country, according to new numbers from AAA. In fact, only three states, South Carolina, Alabama, and Missouri, average lower prices.

At $3.17/gallon, drivers in Knoxville are paying 30 cents less per gallon than drivers elsewhere, AAA said, and nearly eight cents less than the state average.

Too bad you can't stock up. AAA noted that for the last two years gas prices tended to trend upwards after the Independence Day holiday and warns that may be the case again this year. For the first time since May 2012, crude oil prices closed the week at over $100/barrel.

AAA blamed the higher oil costs on unrest in Egypt, which controls the Suez Canal, and better payroll numbers, which it says may increase demand for gasoline.

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