Pipeline woes increase gas prices 16 cents

Tennessee gas prices have risen 16 cents per gallon in the past week, averaging $2.87 per gallon today, according to GasBuddy’s daily survey of 3,821 stations in Tennessee.

Gas prices in Tennessee are 19.7 cents per gallon higher than a month ago and stand $1.28 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 $3.39/g, a difference of $1.30 per gallon.

The national average price of gasoline has risen 6.4 cents per gallon in the last week, averaging $3.03 per gallon today. The national average is up 16.8 cents per gallon from a month ago and stands $1.17 per gallon higher than a year ago.

Around the southeast, Huntsville Alabama had the biggest increase in price, up 15.4 cents per gallon at $2.84 per gallon from last week’s $2.69 a gallon. Nashville saw a 15.1-cent increase to $2.92 a gallon from las week’s $2.77 per gallon. Finally, Chattanooga experienced a 13.4-cent increase to $2.78 per gallon from last week’s $2.64 per gallon.

“The national average gas price surged last week thanks to big price jumps in Southeastern states due to the previously shut down Colonial Pipeline, but most areas outside that region saw smaller fluctuations,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With the pipeline now back in service, I expect prices to come down in the hardest hit states, specifically the Carolinas, Georgia, Tennessee, Florida and Virginia. The drops should lead the national average to soon fall back under the $3 per gallon mark, but motorists shouldn’t get too excited- prices may start to head higher in a few weeks should Memorial Day gasoline demand be red hot. In addition, motorists in the affected areas should see outage numbers continue to decline this week, especially early in the week when gasoline demand tends to be lowest. I’m optimistic that there will be enough recovery by Memorial Day for motorists in these states to fill up without having to search for gasoline.”