Travelers not deterred by gas prices 20 cents higher than last year's national average
NASHVILLE, Tenn., (Dec. 23, 2019) — Tennessee’s average gas price is $2.31, the same as yesterday, two cents lower than last week, one cent lower than last month, but a quarter higher than last year. Motorists traveling through the South and Southeast during the holidays will find some of the cheapest state gas prices in the country, ranging from $2.19 - $2.41.
Today’s national average is $2.54, which is a penny less than last week and a nickel cheaper than last month. While the national gas price average continues to slowly edge cheaper, it is noticeably more expensive as compared to last year’s holidays - by nearly 20 cents. However, this isn’t deterring the more than 100 million Americans from taking to the roadways to travel for the holidays.
“AAA forecasts that 104 million Americans will travel by car - the most on record - for a year-end holiday,” said Jeanette Casselano, AAA spokesperson. “The substantial number of motorists has caused some state averages to increase heading into the holiday week, but these jumps aren’t big and won’t last long or linger past the holiday season.”
Year-End Travel Forecast available here.
Crude Oil Impact
Crude prices ended the week up slightly over the previous week amid increased optimism that trade tensions are continuing to decline between the U.S and China -- the world’s two largest crude oil consumers. This hope has reduced market concerns that global crude demand will decrease next year, helping to raise price expectations for early 2020.
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
|Monday||Sunday||Week Ago||Month Ago||One Year Ago||2018 High||Record High|
|National||$2.548||$2.549||$2.553||$2.592||$2.328||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Tennessee||$2.310||$2.312||$2.294||$2.308||$2.060||$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 60 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.