Gas Prices Dropping

Jun 18, 2018 at 08:20 am by Unknown


Motorists are getting some welcome relief from high prices at the pump. The national average price for a gallon of regular unleaded is averaged $2.90 on Sunday, after declining 7 cents since Memorial Day weekend.

Average Summer Gas Prices
2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.90
Florida $3.50 $2.58 $2.19 $2.25 $2.76
Georgia $3.48 $2.57 $2.11 $2.18 $2.84
Tennessee $3.35 $2.45 $2.03 $2.08 $2.65

"Pump prices should sink even lower this week, after wholesale gasoline prices took a dive," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "There is now firm downward pressure on the oil market as it appears increasingly likely that OPEC will agree to ease production cuts. As a result, gas prices are poised for another 5-10 cent drop."

Gas prices in Tennessee declined 3 cents last week. Prices at the pump averaged $2.65 per gallon on Sunday. Since peaking at $2.73 on Memorial Day weekend, prices have declined a total of 8 cents.

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

  • The most expensive gas price averages in Tennessee are in Nashville ($2.70), Jackson ($2.69), and Memphis ($2.66)
  • The least expensive gas price averages in Tennessee are in Cleveland ($2.55), Knoxville ($2.59), and Johnson City ($2.60)

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 $2.898 $2.902 $2.923 $2.902 $2.301 $4.114 (7/17/2008)
Florida $2.756 $2.763 $2.804 $2.822 $2.280 $4.079 (7/17/2008)
Georgia $2.751 $2.756 $2.787 $2.769 $2.165 $4.164 (9/15/2008)
Tennessee $2.645 $2.648 $2.675 $2.657 $2.058 $4.118 (9/15/2008)
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