Still Lowest Gas Prices In Tennessee

Jul 30, 2018 at 07:28 am by Unknown


Gas prices rose 2 cents nationwide last week, as prices in the southeast face upward pressure. Wholesale gasoline prices rose 8 cents in Florida and Georgia, and 7 cents in Tennessee. Here in Murfreesboro, some discounters started the week with regular gas at $2.44 per gallon. That's a 2-cent increase, however the 'Boro still has the lowest gas prices in the state.

Average Summer Gas Prices
2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.86
Florida $3.50 $2.58 $2.19 $2.25 $2.74
Georgia $3.48 $2.57 $2.11 $2.18 $2.72
Tennessee $3.35 $2.45 $2.03 $2.08 $2.61

Gas prices in Tennessee held steady last week, but face upward pressure heading into Monday. Wholesale prices rose 6 cents in the past few days, raising the price for retailers to fill their tanks.

Gas prices in Tennessee averaged $2.61 per gallon on Sunday. The state average is 2 cents more than a month ago and 53 cents more than a year ago.

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

"Motorists may see higher gas prices this week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Strong demand and lower inventories pushed wholesale prices higher. The added cost for retailers will likely be passed along to motorists. Based on demand figures, summer drivers are unfazed by higher prices at the pump this year. Fortunately, a potential 5-10 cent increase this week would still leave pump prices below this year's highs."

Although oil prices held relatively steady last week, gasoline futures surged for the second week. The price for gasoline on the NYMEX rose a total of 16 cents during the past two weeks, pushing wholesale gas prices higher. Gasoline rose in response to EIA data that showed a dip in gasoline supply inventories, as gasoline demand reaches near record levels. Gasoline demand for the week of July 20, was the fourth highest weekly rate this year.

Gas Price Tools

Fuel Savings Tips

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 $2.857 $2.857 $2.843 $2.853 $2.309 $4.114 (7/17/2008)
Florida $2.735 $2.733 $2.754 $2.709 $2.292 $4.079 (7/17/2008)
Georgia $2.721 $2.720 $2.704 $2.688 $2.178 $4.164 (9/15/2008)
Tennessee $2.608 $2.609 $2.610 $2.591 $2.078 $4.118 (9/15/2008)
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