AAA: Lowest Labor Day gas prices in a decade - WRCBtv.com | Chattanooga News, Weather & Sports

AAA: Lowest Labor Day gas prices in a decade

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Motorists in the southeastern United States should find the lowest Labor Day gas prices in a decade, according to AAA. 

The current Tennessee average price of $2.17 is 9 cents lower than last week, 20 cents lower than a month ago, and $1.05 lower than this time last year.         

The current Georgia average of $2.31 is 8 cents lower than last week, 21 cents lower than last month, and $1.03 lower than this time last year. 

"Low gas prices are added incentive for Americans to take a road trip this Labor Day weekend," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "When gas prices drop, travelers have additional disposable income, meaning more money to spend on lodging, shopping, and dining out."

AAA officials said last week the price of oil dropped below $40 a barrel -- the lowest settlement price since February 2009. During that time, the national average price of gasoline averaged $1.90. However, oil rallied toward the end of the week, settling at $45.22 a barrel on Friday. 

The current national average price of gasoline is $2.48, 12 cents lower than a week ago and 95 cents cheaper than a year ago according to the press release.

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