Gas Prices Drift Lower

Tennessee gas prices fell another 1.5 cents this week bringing the Tennessee Gas Price average to $2.99. Prices are now one cent cheaper than last month, but still 95 cents more than this time last year.   Across the nation, gasoline prices fluctuated over the past few days as fears of an omicron-driven economic slowdown were countered by news of a severe fire at a major oil refinery. Last Thursday, four people were injured when a fire erupted at the Exxon Mobil Corp refinery in Baytown, Texas. The plant is one of the largest refining and petrochemical facilities in the United States. If the damage forces the plant offline for long, the disruption could push gasoline prices higher. Before the fire, the national average had declined steadily. Now the decline has slowed, but the national average for a gallon of gas still fell two cents on the week to $3.28 which is 11 cents less than a month ago and $1.03 more than a year ago.