'Boro Gas Prices UP 19-Cents, Remains Lowest In State

Oct 01, 2018 at 07:44 am by Unknown


Across Tennessee gas prices climbed 5 cents last week. In the 'Boro, they exploded UP 19-cents to start the new week at $2.54 for some discounters. Sunday's state average of $2.63 per gallon is 3 cents more than a month ago and 15 cents more than this time last year. Tennessee gas prices have hovered within 5 cents of their current range since early June. However, prices remain 10 cents less than this year's high - established during Memorial Day weekend.

Average September Gas Prices
2014 2015 2016 2017 2018
National $3.39 $2.34 $2.20 $2.62 $2.85
Florida $3.32 $2.20 $2.18 $2.68 $2.77
Georgia $3.32 $2.19 $2.22 $2.69 $2.72
Tennessee $3.17 $2.05 $2.07 $2.54 $2.59

"Concerns about how sanctions against Iranian crude will impact global oil supply began to weigh on the market last week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Crude oil prices climbed and dragged gasoline prices higher as a result. The $5 per barrel shift in crude can signal a 25 cent hike at the pump. However, low seasonal gasoline demand and a cheaper-to-produce winter-blend gasoline may should offset some of that upward pressure."

Tennessee motorists found the most expensive September at the gas pump in four years. Pump prices averaged $2.59 per gallon last month - an increase of 5 cents from September 2017, and 52 cents per gallon more than September 2016. The higher prices this year are mostly attributed to more expensive crude oil. WTI crude averaged $70 per barrel last month - $20 per barrel more than September 2017, and $25/b more than September 2016.

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

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 $2.877 $2.876 $2.852 $2.838 $2.561 $4.114 (7/17/2008)
Florida $2.818 $2.819 $2.721 $2.807 $2.624 $4.079 (7/17/2008)
Georgia $2.721 $2.721 $2.712 $2.696 $2.626 $4.164 (9/15/2008)
Tennessee $2.630 $2.628 $2.584 $2.596 $2.471 $4.118 (9/15/2008)
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