Tennessee Gas Prices creep up One Cent
October 5, 2022
Nashville, TN – The downward trend in Tennessee pump prices came to an end last week. The state gas price average increased slightly at the end of last week, likely due to the uncertainty surrounding the threat of Hurricane Ian, but then drifted lower over the weekend.
Today’s gas price average is only a penny more expensive than last Monday’s average. The Tennessee Gas Price average is now $3.18 which is nearly 21 cents less expensive than one month ago and nearly 29 more than one year ago.
National Gas Price Average drops Seven Cents
September 6, 2022
Washington, D.C. – Lower oil prices, modest domestic gasoline demand, and a quiet hurricane season are combining to drive pump prices lower. The national average for a gallon of gas fell seven cents in the past week to $3.77.
“According to weather analysts, it’s the first time in 25 years that a named Atlantic storm did not develop in August. That’s the good news,” said Andrew Gross, AAA spokesperson, “but we still have another month of peak hurricane season, and these storms can affect gas prices by disrupting oil production and refining.”
AAA reports Tennessee Gas Price Average Jumps to $3.00 per Gallon
October 12, 2021
Nashville, TN – For the first time since October 2014 the Tennessee gas price average rose above $3.00 per gallon. Over last week, Tennessee gas prices jumped nearly 12 cents to the most expensive gas price average so far this year.
The Tennessee Gas Price average is now $3.01 which is nearly 12 cents more expensive than one month ago and $1.07 more than one year ago.
Tennessee moves to the 9th least expensive market in nation. (AAA)
Rising Crude Oil Prices means Higher Prices at the Gas Pump
October 11, 2021
Washington, D.C. – The national average price for a gallon of gas rose 8 cents on the week to reach $3.27. This is the highest price since October 2014 and is primarily due to the surging price of crude oil, which crept above $80.00 bbl before edging slightly lower.
“The key driver for this recent rise in the price of gas is crude oil, which typically accounts for between 50% and 60% of the price at the pump,” said AAA Spokesperson Andrew Gross.
Surging price of Crude Oil results in highest National Average Gas Prices in Seven Years. (AAA)
AAA reports Tennessee Gas Price Average Remains Unchanged
October 5, 2021
Nashville, TN – After holding steady for two weeks in a row, the Tennessee gas price average remains relatively unchanged this week with an increase of nearly a penny over last week.
The Tennessee Gas Price average is now $2.90 which is a penny more expensive than one month ago and 96 cents more than one year ago.
Tennessee remains the 7th least expensive market in nation. (AAA)
AAA reports National Gas Price Average Drops Some as Crude Oil Prices undergo Dramatic Fluctuation
July 30, 2021
Washington, D.C. – Motorists saw some positive change at the pump on the week with 31 state gas price averages declining one to five cents. The national gas price average pushed two cents cheaper to $3.15. One factor contributing to the decline was U.S. gasoline demand remaining relatively flat on the week.
At this point, it is too early to say if cheaper pump prices will be sustained or continue their downward trend. Part of the unknown is due to fluctuating crude prices, which dropped to a low of $66.00/bbl last Monday, but were back over $70.00/bbl by the end of the week.
Gas prices at the pump dip this week. (AAA)
AAA reports Tennessee Gas Prices drop Two Cents
July 27, 2021
Nashville, TN – Tennessee motorists saw a little relief at the pump over last week as gas prices fell two cents, on average, across the state.
The Tennessee Gas Price average is now $2.86 which is two cents more expensive than one month ago and 94 cents more expensive than one year ago.
Tennessee remains the 8th least expensive market in the nation. (AAA)
National Gas Average increased 13 Cents since Memorial Day Holiday
July 22, 2021
Washington, D.C. – Since Memorial Day weekend, the national gas price average has increased 13 cents to $3.17. That is 98 cents more than a year ago, but 41 cents cheaper than this time in July 2014, when the national average was last above $3.00/gallon.
One of the primary reasons for more expensive gas prices this summer is high crude oil prices. However, last week crude prices fluctuated from a high of $75,00/bbl down to $71,00/bbl.
It is a Cruel Summer at the Gas Pump. (AAA)
AAA says Crude Oil Prices to Hit 7-Year High this Week with National Gas Price Average to Increase to $3.25 this Month
July 8, 2021
Washington, D.C. – The national gas price average has increased 40% since the start of the year, from $2.25 on January 1 to $3.13 today. Moreover, it is not stopping there. Motorists can expect gas prices to increase another 10–20 cents through the end of August, bringing the national average well over $3.25 this summer.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, AAA spokesperson.
Winter Storm shuts down refineries causing gas prices to spike. (AAA)
AAA reports More Expensive Gas Prices Expected This Summer
July 7, 2021
Clarksville-Montgomery County has the Cheapest Gas Prices in Tennessee
Nashville, TN – Tennessee gas prices rose four cents over last week as a forecast record-breaking 939,000 Tennesseans hit the road for the Independence Day holiday weekend. The Tennessee Gas Price average is now $2.88 which is the same as one month ago and nearly 95 cents more than one year ago.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “We had hoped that global crude production increases would bring some relief at the pump this month, but weekend OPEC negotiations fell through with no agreement reached. As a result, crude prices are set to surge to a seven-year-high.”
Tennessee ranks as the 10th least expensive market in the nation. (AAA)
