Tennessee gas prices have fallen 5 cents per gallon in the past week, averaging $2.27 per gallon today, according to GasBuddy’s daily survey of 3,821 stations.
Gas prices in Tennessee are 1.9 cents per gallon lower than a month ago and stand 28.7 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Tennessee is priced at $2.08 per gallon today while the most expensive is $2.99 per gallon, a difference of 91 cents per gallon.
The cheapest price in the entire country today stands at $1.89 per gallon while the most expensive is $5.74 per gallon, a difference of $3.85 per gallon.
The national average price of gasoline has fallen 2 cents per gallon in the last week, averaging $2.55 per gallon today. The national average is down 0.8 cents per gallon from a month ago and stands 30.4 cents per gallon higher than a year ago.
Chattanooga has Tennessee’s lowest gas price at $2.18 per gallon, down 6 cents per gallon from last week’s $2.24 per gallon. In Huntsville, Alabama, the price is $2.35 per gallon, which is down 1.6 cents per gallon from last week’s $2.37 per gallon. Nashville’s prices are down 0.9 cents per gallon from $2.40 per gallon last week to $2.39 per gallon today.
“With oil prices sagging lately, the door has been opened for a notable decline in U.S. gasoline prices, and that’s exact what has happened, with more declines likely coming ahead of us before the fun is over,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “The Midwest has been the largest beneficiary of seasonal effects thus far with prices in several areas there declining upwards of 10-15 cents per gallon.
“The rest of the country will follow lower for the time being as demand for gasoline remains abysmal and the fuel being produced today will have to eventually be purged from the system over the next few months as refiners begin the transition to summer gasoline,” DeHaan said.