Gas  prices rise 4.8 cents

Tennessee gas prices have risen 4.8 cents per gallon in the past week, averaging $1.87 per gallon today, according to GasBuddy’s daily survey of 3,821 stations.

Gas prices in Tennessee are 1.8 cents per gallon higher than a month ago and stand 40.4 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $1.64 per gallon today while the most expensive is $2.49 per gallon, a difference of 85 cents per gallon.

The national average price of gasoline has risen 1.8 cents per gallon in the last week, averaging $2.11 per gallon today. The national average is unchanged from a month ago and stands 47.6 cents per gallon lower than a year ago.

Around the southeast, Chattanooga saw a 14.8 cent increase in prices to $1.88 per gallon, up from last week’s $1.73 per gallon. Nashville experienced a 2.8 cent gas price increase to $1.89 per gallon from last week’s $1.86 per gallon. Finally, Huntsville, Alabama, gas prices went up only .6 cents from last week’s $1.83 per gallon.

“As the nation saw subdued traffic for Thanksgiving, gas prices have been mostly stable in the last week as gasoline demand plummeted to the lowest since spring as Americans stayed closer to home,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With oil holding near a pandemic high around $45 per barrel, we may see additional upward pressure in the weeks ahead, but it’s unlikely to be earth shattering. We’re likely to remain in somewhat of a limbo until early 2021 or vaccines begin to see widespread distribution and Americans slowly start venturing back to their normal lifestyle- if they ever do.”