05 August 2019

NASHVILLE, Tenn., (Aug 5, 2019) -- Tennessee’s state average gas price is $2.43 per gallon for regular unleaded, which is a discount of three cents compared to both a week ago and a month ago. Today’s average is 22 cents cheaper than one year ago and the state remains in the ranking for top 10 least expensive average gas prices (7th lowest).

Today’s national average is $2.71, which is two cents less expensive than last Monday, four cents less than a month ago and 15 cents cheaper than last year. Today, motorists can find gas for $2.75 or less at 65% of gas stations across the country

“While gas prices continue to drop, the rate at which they are decreasing has slowed,” said Jeanette Casselano, AAA spokesperson. “On the week, most states saw cheaper pump prices of only a few pennies and motorists can expect this trend to continue into early August.”

Crude Oil

At the close of Friday’s formal trading session on the NYMEX, WTI increased by $1.71 to settle at $55.66. Crude prices mostly decreased last week after President Trump announced new tariffs on imports from China, furthering a trade war between the world’s two largest economies and oil consumers. Market observers are concerned that increasing tariff costs will likely reduce global demand for crude oil. If the trade tensions between the countries continue to increase this week, crude prices will likely decline further.

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

$2.710

$2.712

$2.735

$2.759

$2.865

$2.97 (5/26/2018)

$4.11   (7/17/2008)

Tennessee

$2.436

$2.441

$2.469

$2.466

$2.650

$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.