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AAA reports Tennessee Gas Prices fall 2 cents

 

AAA

AAATampa, FL Gas prices declined for the tenth consecutive day on Sunday. Gas prices in Tennessee declined 2 cents during the past week. The average price for gasoline in Tennessee is averaging $2.61 per gallon. Sunday’s state average a half cent less than a month ago, yet 56 cents more than this time last year. 

Click here to view AAA’s state and metro gas price averages

AAA says oil prices have averaged $3.00-$5.00 less than the previous three weeks.

AAA says oil prices have averaged $3.00-$5.00 less than the previous three weeks.

Highest and Lowest Tennessee Gas Prices

  • The most expensive gas price averages in Tennessee are in Jackson ($2.67), Memphis ($2.64), and Nashville ($2.63)
  • The least expensive gas price averages in Tennessee are in Cleveland ($2.52), Chattanooga ($2.54), and Clarksville-Hopkinsville ($2.56)

The national average declined 4 cents during the past week. Sunday’s average of $2.84 per gallon is 2 cents less than a month ago, yet remains 56 cents more than last year.

Average Summer Gas Prices
  2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.84
Florida $3.50 $2.58 $2.19 $2.25 $2.75
Georgia $3.48 $2.57 $2.11 $2.18 $2.70
Tennessee $3.35 $2.45 $2.03 $2.08 $2.61

 

“Oil prices averaged $3.00-$5.00 less than the previous three weeks, allowing gas prices to lose value,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Although prices are lower, there is still volatility at the pump as gasoline demand remains high during the summer driving season and global supply concerns persist.”

Market prices were mixed last week due to higher oil production and supplies versus lower gasoline stocks in the face of strong demand. The latest supply report from the Energy Information Administration (EIA) showed U.S. crude production finally reached the much-anticipated 11-million-b/d mark. Conversely, gasoline stocks dropped as demand ramped up.

Gas Price Tools

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.843 $2.846 $2.879 $2.863 $2.283 $4.114 (7/17/2008)
Florida $2.754 $2.760 $2.801 $2.715 $2.206 $4.079 (7/17/2008)
Georgia $2.704 $2.707 $2.727 $2.720 $2.175 $4.164 (9/15/2008)
Tennessee $2.610 $2.613 $2.629 $2.616 $2.052 $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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