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AAA says Gas Prices in Tennessee drop slightly

Clarksville-Montgomery County continues to have Third Lowest Gas Prices in Tennessee

AAATampa, FL The summer driving season is in full swing, and it opened with the most expensive gas prices in four years. Fortunately, those prices at the pump are beginning to trickle lower. 

The national average price of $2.95 per gallon is 2 cents less than last week. The discount at the pump is begin driven by strong declines in the price of oil – which influences about half the price of gasoline. 

Rising Oil Prices means Higher Gas Prices at the Pumps. (AAA) [1]

Rising Oil Prices means Higher Gas Prices at the Pumps. (AAA)

Gas prices in Tennessee [2] declined nearly 3 cents last week. The state average of $2.70 is 10 cents more than a month ago and 60 cents more than this time last year. 

Click here [3] to view today’s AAA’s state and metro gas price averages.

Highest and Lowest Gas Prices in Tennessee

Crude oil prices hit 7-week lows last week as the dollar gained strength and U.S. oil rig count reached the highest level since March 2015. These factors compounded the downward pressure on crude – initiated when Russia and Saudi Arabia revealed interest in raising crude output. The price of oil sank to $65.81 on Friday, after reaching a 4-year high of $72.24 per barrel just two weeks ago.  

“Gas prices could drop 10-15 cents, based on recent oil price declines,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The discount will not happen overnight, because it usually takes a couple weeks for shifts like this to play out at the pump. However, any downward potential would be wiped out if futures prices suddenly bounce higher.”

Average Summer Gas Prices
  2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.95
Florida $3.50 $2.58 $2.19 $2.25 $2.87
Georgia $3.48 $2.57 $2.11 $2.18 $2.82
Tennessee $3.35 $2.45 $2.03 $2.08 $2.70

Gas Price Tools

Fuel-Saving Tips
(Source: US Department of Energy)

Drive Sensibly – Aggressive driving (speeding, rapid acceleration and braking) wastes gas.

Observe the speed limit

Lose the weight

Use cruise control

Avoid excess idling

Combine trips

Inflate tires

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.950 $2.953 $2.970 $2.817 $2.378 $4.114 (7/17/2008)
Florida $2.866 $2.874 $2.913 $2.734 $2.375 $4.079 (7/17/2008)
Georgia $2.820 $2.822 $2.843 $2.729 $2.221 $4.164 (9/15/2008)
Tennessee $2.704 $2.708 $2.728 $2.595 $2.108 $4.118 (9/15/2008)
Click here [7] to view current gasoline price averages

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com [8]. 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 [9]. AAA clubs can be visited on the Internet at AAA.com [10].