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AAA says that Tennessee Gas Prices have Risen 3 Cents

 

AAA

AAANashville, TN – Gas prices are back on the rise, now that the oil market is regaining strength. Tennessee Gas prices increased 3 cents in the past four days. Sunday’s state average of $1.998 was just fractions of a cent from returning above $2.00 per gallon, for the first time since January 1st. Click here to view today’s average price. 

Pump prices in Tennessee are now rising for the first time in more than 12 weeks.

AAA reports Gas Prices at the Pump Rise after 90-Day Drop. (AAA)

AAA reports Gas Prices at the Pump Rise after 90-Day Drop. (AAA)

Over the course of 90 days, the state average declined a total of 72 cents, saving the average driver more than $10.00 on a full tank of gas. 

An average price of $2.00 per gallon would still be 33 cents per gallon less than what Tennessee motorists paid this time last year, and 73 cents less than what they paid when gas prices hit their 2018 peak, around Memorial Day. 

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

  • Most expensive gas price averages: Nashville ($2.08), Jackson ($2.03), Johnson City ($2.02)
  • Least expensive gas price averages: Cleveland ($1.92), Chattanooga ($1.94), Memphis ($1.96)

After plunging from $75.00/b to $43.00/b at the end of last year, crude prices are back above $50.00 per barrel; which raises the cost of producing gasoline. The daily price for WTI crude is up more than $6.00 since January 1st. After trading above $53.00 per barrel last week, WTI settled at $51.59/b Friday on the NYMEX. 

“The new year has breathed new life back into the oil market,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Crude prices have slowly climbed since the beginning of the year, but remain well below the highs seen in 2018. The biggest increases came last week, after Saudi leaders pledged to do whatever it takes to rebalance the market. The recent shift in oil prices isn’t enough to cause sticker shock at the pump, but motorists could see an increase of anywhere from 5-10 cents as a result.” 

Gas Price Tools

Current And Past  Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.245 $2.245 $2.240 $2.399 $2.526 $2.97 
(5/26/2018)
$4.11   (7/17/2008)
Tennessee $1.998 $1.997 $1.975 $2.147 $2.333 $2.73 
(5/27/2018)
$4.12  
(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 9.6 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 59 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. Visit AAA on the Internet at AAA.com.


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