AAA reports Tennessee Gas Prices Rise 18 Cents in Aftermath of Colonial Pipeline Shutdown
May 22, 2021
Nashville, TN – AAA says gas prices across Tennessee jumped nearly 18 cents over last week in response to the recent Colonial Pipeline shutdown that led to a deluge of demand for gasoline as well as tight gasoline supply across the Southeast.
The Tennessee Gas Price average is now $2.89 which is 19 cents more than one month ago and $1.27 more than one year ago.
Gas price fluctuations expected leading up to Memorial Day weekend. (AAA)
Tennessee Gas Prices Jump 18 Cents after Colonial Pipeline Shutdown
May 19, 2021
Nashville, TN – AAA says Gas prices across Tennessee jumped nearly 18 cents over last week in response to the recent Colonial Pipeline shutdown that led to a deluge of demand for gasoline as well as tight gasoline supply across the Southeast.
The Tennessee Gas Price average is now $2.89 which is 19 cents more than one month ago and $1.27 more than one year ago.
Tennessee gas price fluctuations expected leading up to Memorial Day weekend. (AAA)
AAA says National Gas Price Average to climb this week due to Colonial Pipeline shutdown
May 12, 2021
Washington, D.C. – On the week, the national gas price average jumped six cents to $2.96. If the trend continues, an increase of three more cents would make the national average the most expensive since November 2014 –the last time we saw average prices at $2.99 and higher.
AAA forecasts gas prices to climb this week in reaction to the shutdown of the Colonial Pipeline, which delivers approximately 45% of all fuel to the East Coast.
Gas Prices Jump Six Cents on Week, Likely to Climb Higher with Major Pipeline Shutdown. (AAA)
AAA reports April Saw Small Pump Price Changes, Larger Increases Likely in May
May 8, 2021
Washington, D.C. – At the start of May, the national gas price average is $2.90, which is three cents more than a month ago.
Pump prices in April saw minimal variability compared to March, which increased 15 cents from start to finish. Stable crude oil prices amid fluctuating demand helped keep the national average price jumps nominal last month.
Gas Prices expected to continue to rise in May. (AAA)
AAA reports Tennessee Gas Prices remain Steady
May 7, 2021
Nashville, TN – The Tennessee gas price average held steady over the last week with the state average remaining unchanged from the previous week. The Tennessee Gas Price average is now $2.69 which is the same as one month ago and $1.15 more than one year ago.
“While April saw minimal fluctuation, May is likely to see much larger increases alongside demand spikes, especially closer to Memorial Day weekend,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “Compared to May 2019, U.S. gasoline demand is down only 4% and gas prices are, on average, just two cents more.”
Tennessee remains the 10th least expensive market in nation. (AAA)
National Gas Price Average rises Two Cents
April 30, 2021
Tennessee has some of the Cheapest Gas Prices in the Country
Washington, D.C. – At 9.1 million b/d, United States gasoline demand recorded its second-highest measurement since mid-March 2020, indicating that motorists are filling up more often.
This latest demand reading is the highest spring number released by the Energy Information Administration (EIA) in two years. In fact, it is only about 3% below the same week in 2019.
U.S. Demand Readings Looking More Like Spring. (AAA)
AAA reports Tennessee Gas Prices go up Six Cents
December 22, 2020
Nashville, TN – The Tennessee gas price average continues to trend upward, climbing six cents over last week. The Tennessee Gas Price average is now $1.98 which is 12 cents more than one month ago and 34 cents less than one year ago.
“The recent gas price pump increases are a bit surprising given December demand numbers are the lowest posted for the month since 1999,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “Rising crude oil prices and tightening supply are the main factors contributing to the uptick in pump prices.”
AAA says increased Gas Inventories will help keep Pump Prices down this Summer. (AAA)
AAA says Tennessee Gas Prices rise nearly Two Cents
December 15, 2020
Nashville, TN – AAA reports Tennessee gas price average remains relatively steady, up nearly two cents from last week. The Tennessee Gas Price average is now $1.92 which is four cents more than one month ago and 38 cents less than one year ago.
“Gasoline demand is down 14% year-over-year. The numbers we are seeing as of late are very similar to readings from May when many states were locked down and demand was very low,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “The fact is, Americans are filling-up less as states re-introduce travel restrictions and the pandemic lingers.”
Tennessee moves to 7th least expensive market in the nation. (AAA)
AAA says Crude Oil Prices Hit Highest Price Point in Nine Months
December 11, 2020
Washington, D.C. – AAA reports that pump prices increased on the week despite U.S. gasoline demand falling below 8 million b/d, the lowest weekly reading since June and the softest demand reading for the week of Thanksgiving since 1997.
At $2.16, the national gas price average is more expensive on the week (+4 cents) and the month (+5 cents), but cheaper (-42 cents) compared to last year at this time.
Crude oil prices hit nine month high. (AAA)
AAA reports Tennessee Gas Prices Remain Steady
December 10, 2020
Nashville, TN – The Tennessee gas price average remains steady, increasing only a penny over last week. The Tennessee Gas Price average is now $1.90 which is four cents more than one month ago and 43 cents less than one year ago.
“Gas prices were predicted to decrease following the holiday, but robust gains in crude oil prices and the OPEC decision to increase production next year led to a number of states seeing pump price jumps of 3 to 12 cents,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “In Tennessee, the change in pump prices was minimal at only a penny increase and prices remain relatively cheap at 43 cents lower than this time last year.”
Tennessee moves to 8th least expensive market in nation. (AAA)
