Tennessee Average Still Dropped a Nickle

19 August 2019

NASHVILLE, Tenn., (August 19, 2019) — Tennessee’s state average gas price is $2.33 per gallon for regular unleaded, which is five cents below last week’s average, 20 cents less than a month ago and 28 cents less than one year ago. Tennessee was one of the top ten states with the largest weekly average decrease (7th).

Today’s national average is $2.61, which is thee cents cheaper than last week, 17-cents less than a month ago and 22-cents cheaper than a year ago. Nearly half of all gas stations in the country are selling gas for $2.50 or less.

“Pump prices continue to trend cheaper for most motorists across the country, though the rate at which they are declining slowed in the last week with a handful of states only seeing a nickel decline at the most,” said Jeanette Casselano, AAA spokesperson. “Demand recorded at a surprising all-time high, but it is expected to drop in the coming weeks as summer comes to an unofficial end.”

 

Crude Oil

At the close of Friday’s formal trading session on the NYMEX, WTI increased by 40 cents to settle at $54.87. Crude prices rose at the end of last week after sustaining heavy losses for two days. The losses came as a result of continued market worries about crude demand slumping this fall as a result of the ongoing trade dispute between the United States and China, the world’s two largest oil consuming countries. If the trade dispute continues this week, crude prices may see further declines.

 

Find Tennessee Gas Prices

State and metro averages can be found here

                                                           
                                                            
CURRENT AND PAST PRICE AVERAGES

                                                                                     Regular Unleaded Gasoline

Monday Sunday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.618 $2.621 $2.648 $2.784 $2.837 $2.97 (5/26/2018) $4.11   (7/17/2008)
Tennessee $2.328 $2.335 $2.378 $2.530 $2.606 $2.73 (5/27/2018) $4.12   (9/15/2008)
Click here to view current gasoline price averages

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.