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Information Articles for the Paris TN and Henry County Tennessee area

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Information Articles for the Paris TN and Henry County Tennessee area

AAA reports Tennessee Gas Prices Increased 1.5 Cents From Last Week

July 9, 2018 | Email This Post Print This Post
 

Clarksville-Montgomery County has the Least Expensive Gas Prices in Tennessee

AAATampa, FL Tennessee Gas Prices  increased 1.5 cents during the past week. So far, motorists have found the most expensive summer gas prices in four years. Since June 1st, Tennessee gas prices averaged $2.64 per gallon – an increase of nearly 60 cents compared to the average price last summer.

However, current pump prices remain 12 cents below this year’s high, set during Memorial Day weekend. 

Price at the pump continues to fall.

Price at the pump continues to fall.

“Reduced global oil supplies have caused summer travelers to pay a higher price at the pump this year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

“Fortunately, domestic gasoline production remains strong, which should help prevent major swings in summer gas prices. However, pump prices will pop if a major hurricane threatens refineries along the Gulf Coast. Last year, Hurricane Harvey caused a 40 cent spike,” stated Jenkins.

Click here to view AAA’s state and metro gas price averages

Average Summer Gas Prices
  2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.87
Florida $3.50 $2.58 $2.19 $2.25 $2.72
Georgia $3.48 $2.57 $2.11 $2.18 $2.72
Tennessee $3.35 $2.45 $2.03 $2.08 $2.61

Tennessee Gas Prices – Highest and Lowest

  • The most expensive gas price averages in Tennessee are in Jackson ($2.67), Nashville ($2.65), and Memphis ($2.65)
  • The least expensive gas price averages in Tennessee are in Clarksville-Hopkinsville ($2.55), Knoxville ($2.56), and Johnson City ($2.57)

According to the latest EIA figures, demand is near record-levels, averaging 2 percent higher than last year. Fortunately, U.S. refineries are more than keeping pace. Gasoline production in the Gulf Coast is 12 percent better than this time last year.

As a result, gasoline futures prices dropped 7 cents on the stock market last week.Oil prices remain near multi-year highs, yet held relatively steady through last week. The price of crude settled at $73.80 per barrel on Friday – 35 cents less than the week before. 

Gas Price Tools

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.865 $2.866 $2.854 $2.934 $2.263 $4.114 (7/17/2008)
Florida $2.719 $2.722 $2.724 $2.823 $2.143 $4.079 (7/17/2008)
Georgia $2.721 $2.722 $2.691 $2.798 $2.113 $4.164 (9/15/2008)
Tennessee $2.610 $2.611 $2.595 $2.684 $2.007 $4.118 (9/15/2008)
Click here to view current gasoline price averages

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Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.5 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. 

ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android.

Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

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