From Staff Reports

Tennessee gas prices have risen 2.8 cents per gallon in the past week, averaging $3.13/g today, according to GasBuddy’s daily survey of 3,821 stations in Tennessee. Gas prices in Tennessee are 27.8 cents per gallon higher than a month ago and stand $1.26/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $2.84/g today while the most expensive is $3.49/g, a difference of 65.0 cents per gallon.

The national average price of gasoline has risen 3.8 cents per gallon in the last week, averaging $3.36/g today. The national average is up 17.1 cents per gallon from a month ago and stands $1.21/g higher than a year ago.

“Gas prices continued to soar in a majority of the nation over the last week as oil’s meteoric rise pulls gasoline and other refined product prices higher. But, there may be some light at the end of the tunnel,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The sharp rise we’ve seen over the last three weeks should begin slowing down soon, barring another jump in the price of oil. This is because gasoline prices have now largely caught up to the jump in oil that started nearly a month ago. This isn’t an all clear for the future, however, as oil prices could rise again at any time. But for now, oil has held around $83 per barrel, and without a further climb, gas price increases should slow down soon in the bulk of the nation.”

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