Gas prices fall 1.9 cents

Tennessee gas prices have fallen 1.9 cents per gallon in the past week, averaging $2.85 per gallon today, according to GasBuddy’s daily survey of 3,821 stations in Tennessee. Gas prices in Tennessee are 2.7 cents per gallon lower than a month ago and stand $1.00 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $2.09 per gallon today while the most expensive is $3.49 per gallon, a difference of $1.40/ per gallon.

The national average price of gasoline has risen 1.6 cents per gallon in the last week, averaging $3.07/g per gallon today. The national average is up 3.7 cents per gallon from a month ago and stands 97.7 cents per gallon higher than a year ago.

Around the Southeast, Chattanooga had the biggest decrease, a 4.8-cent drop to $2.75 per gallon from last week’s $2 90, Nashville experienced a two-cent decrease from $2.91 per gallon to $2.89 per gallon. Finally, in Huntsville, Alabama, prices stayed at $2.78 per gallon this week.

“We’ve seen the national average gas price continue to inch higher as oil prices have reached $71 per barrel, the highest since 2018, as gasoline demand continues to rebound,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Strong gasoline demand as states and cities reopen will likely continue to be a major factor keeping gas prices elevated even as oil production climbs in the months ahead. With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future. Motorists can continue to fight the high gas prices by remembering to shop around each time they get below half a tank.”