Tennessee gas prices have fallen 3 cents per gallon in the past week, averaging $2.31/g today, according to GasBuddy’s daily survey of 3,821 stations. Gas prices in Tennessee are 8.3 cents per gallon higher than a month ago, yet stand 36 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Tennessee is priced at $1.99/g today while the most expensive is $2.99/g. The cheapest price in the entire country today stands at $1.89/g while the most expensive is $5.52/g, a difference of $3.63/g.
“It was a mixed bag for gas prices over the last week even as oil prices remained relatively low. California continued to lead the nation as prices skyrocketed, but appear to have peaked for now, while the Great Lakes states also saw prices march higher due to a price cycle. Other states saw some downward movement, but we appear ripe for a week that features more price decreases than increases, especially for hard-hit California,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
The national average price of gasoline has risen 0.3 cents per gallon in the last week, averaging $2.65/g today. The national average is up 9.6 cents per gallon from a month ago, yet stands 25.3 cents per gallon lower than a year ago.
“I believe we’re due for the national average to edge lower by perhaps five cents in the coming week, as I believe increases should be limited due to oil’s drop in the last week fueled by continued worry over tariffs and trade, not with just China but now extending to Europe after the WTO agreed with the U.S. that Airbus was getting favorable treatment,” DeHaan said. “Many motorists may scoff at such an issue affecting gas prices, but indeed, the threat of tariffs between such large trading partners is a serious issue that could result in slowdowns in both areas, leaving demand for oil lower and thus weighing on oil prices as a result.”