Tennessee Gas Prices Drop but Potential Rail Strike Could Have Impacts

Tennessee has the sixth-cheapest average gas price in the country as prices drop toward $3 per gallon, according to data from AAA.

Tennessee’s average was $3.23 on Wednesday after entering the week at $3.26. Texas, Mississippi, Arkansas, Louisiana and Georgia were the only states lower.

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Industry Officials: Deregulation Helps Freight Industry Thrive Without Federal Bailout

After $3 trillion in federal stimulus money went to individuals, corporations, hospitals and numerous industries, the Class 1 freight industry has maintained its transportation operations and provided critical resources nationwide without asking for, or receiving, federal taxpayer money.

Other industries and lawmakers can look to how the freight industry has weathered the economic downturn and coronavirus restrictions without receiving any federal bailout money, analysts note.

“The freight rail industry is one of the most cost-effective and efficient transportation networks in the world,” the American Railroads Association (ARA) argues. “Fueled by billions of dollars in annual private investment – $25 billion on average – railroads maintain and modernize the nation’s nearly 140,000-mile private rail network to deliver for America.”

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