Tennessee gas prices drop ahead of Memorial Day weekend and other business news

Gas prices lower ahead of Memorial Day

Tennessee's average gas price fell three cents ahead of the long Memorial Day weekend, according to AAA.

More than 751,000 Tennesseans are forecast to take a road trip over the weekend. The Tennessee gas price average is $3.12 per gallon, which is 21 cents less expensive than one month ago and $1.17 less than one year ago, AAA reported Monday.

"Tennesseans planning a holiday road trip this weekend will spend a dollar per gallon less at the pump than they did last Memorial Day, " said Megan Cooper, spokeswoman for AAA, in a statement.

She said it's likely gas prices across the state will continue to fluctuate this week, though it looks as if most of the expected changes should be favorable for drivers.

The least expensive metro markets in Tennessee are Clarksville ($3.00 per gallon), Chattanooga ($3.03), and Cleveland ($3.09), according to AAA.


Meta fined record $1.3 billion by EU

The European Union has slapped Meta with a record $1.3 billion privacy fine and ordered it to stop transferring users' personal information to the United States by October.

Meta, which had previously warned that services for its users in Europe could be cut off, vowed to appeal and ask courts to immediately put the decision on hold.

The company said Monday that "there is no immediate disruption to Facebook in Europe." The decision applies to user data such as names, email addresses, messages, viewing history and other information that Meta — and other tech giants — use for targeted ads.

The legal battle followed former National Security Agency contractor Edward Snowden's revelations of electronic surveillance by U.S. security agencies.


Venmo available for teenagers

Venmo will officially allow teenagers to open an account with their parents' permission, the company said Monday, expanding the popular social payments app to a demographic likely to embrace it almost immediately.

Venmo has been so popular with families even before the announcement that parents often set up accounts for their children, which is a violation of Venmo's terms of service.

The Venmo Teen Account will be available for 13- to 17-year olds and will come with a debit card as well.

— Compiled by Mike Pare

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