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Tampa, FL – Gas prices rose 2 cents nationwide last week, as prices in the southeast face upward pressure. Wholesale gasoline prices rose 8 cents in Florida and Georgia, and 7 cents in Tennessee.
Gas prices in Tennessee held steady last week, but face upward pressure heading into Monday. Wholesale prices rose 6 cents in the past few days, raising the price for retailers to fill their tanks.
Gas prices in Tennessee averaged $2.61 per gallon on Sunday. The state average is 2 cents more than a month ago and 53 cents more than a year ago.
“Motorists may see higher gas prices this week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
Click here to view AAA’s state and metro gas price averages
Tennessee’s Highest and Lowest Gas Prices
“Strong demand and lower inventories pushed wholesale prices higher. The added cost for retailers will likely be passed along to motorists. Based on demand figures, summer drivers are unfazed by higher prices at the pump this year. Fortunately, a potential 5-10 cent increase this week would still leave pump prices below this year’s highs,” stated Jenkins.
Although oil prices held relatively steady last week, gasoline futures surged for the second week. The price for gasoline on the NYMEX rose a total of 16 cents during the past two weeks, pushing wholesale gas prices higher. Gasoline rose in response to EIA data that showed a dip in gasoline supply inventories, as gasoline demand reaches near record levels. Gasoline demand for the week of July 20th, was the fourth highest weekly rate this year.
Gas Price Tools
Fuel Savings Tips
Drive Sensibly – Aggressive driving (speeding, rapid acceleration and braking) wastes gas.
Observe the speed limit
Lose the weight
Use cruise control
Avoid excess idling
Current and Past Price Averages
Regular Unleaded Gasoline
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.
TopicsAAA, Bristol TN, Chattanooga TN, Cleveland TN, Crude Oil, EIA, Gas Prices, Jackson TN, Kingsport TN, Mark Jenkins, memphis tn, Nashville TN, NYMEX, Oil Price Information Service, Oil Prices, OPIS, Tampa FL, Tennessee, Tennessee Gas Prices, The Auto Club Group, Wright Express
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