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Tennessee Gas Prices are Highest of the Year according to AAA

AAANashville, TN Tennessee motorists will soon find some of the most expensive gas prices in five months. Tennessee’s state average of $2.41 is tied with this year’s high – set in February – and the highest price since October. 

“Gasoline demand has been very strong the past few weeks, as Americans travel for spring break,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

Crude oil prices are the highest they've been since January 26th.
Crude oil prices are the highest they’ve been since January 26th.

Tennessee’s Highest and Lowest Gas Prices

  • The most expensive gas price averages in Tennessee are in Morristown ($2.45), Nashville ($2.44), and Knoxville ($2.44)
  • The least expensive gas price averages in Tennessee are in Chattanooga ($2.32), Cleveland ($2.35), and Memphis ($2.36)

“This robust gasoline demand, coupled with lower supply levels, are setting the stage for rising prices in the coming weeks,” Jenkins stated.

  • Crude oil prices rose $3.82 per barrel last week. Friday’s settlement of $65.88 is the highest daily settlement since January 26th. 
  • Gasoline futures prices rose 11 cents last week. exceeding $2.00 for the first time since Hurricane Harvey struck the Texas coast last August. 
  • Wholesale gasoline prices rose 9 cents last week, returning to levels not seen since January. 
Average Gas Price in March
  2014 2015 2016 2017 2018
National $3.51 $2.43 $1.93 $2.30 $2.55
Florida $3.53 $2.46 $1.96 $2.29 $2.53
Georgia $3.35 $2.26 $1.87 $2.18 $2.43
Tennessee $3.26 $2.18 $1.75 $2.05 $2.33

Gas Price Tools for Reporters/Consumers

  • GasPrices.AAA.com – Daily national, state, and metro gas price averages.
  • AAA Mobile app – Free app that shows current prices at a gas station near you.

Highs and Lows of 2018

  • National: the highest average price for gasoline was $2.67 on February 6th; the lowest was $2.49 on January 3rd.
  • Florida: the highest average price in was $2.68 on February 8th; the lowest was $2.44 on January 2nd.
  • Georgia: the highest average price is $2.50; the lowest was $2.35 on January 2nd.
  • Tennessee: the highest average price was $2.41 on February 7th; the lowest was $2.26 on January 1st.

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.607 $2.602 $2.542 $2.518 $2.286 $4.114 (7/17/2008)
Florida $2.545 $2.542 $2.531 $2.523 $2.296 $4.079 (7/17/2008)
Georgia $2.500 $2.496 $2.444 $2.381 $2.160 $4.164 (9/15/2008)
Tennessee $2.408 $2.402 $2.342 $2.310 $2.040 $4.118 (9/15/2008)
Click here to view current gasoline price averages

 

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.5 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. 

ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android.

Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

 

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