National average sees largest weekly decline in three months
NASHVILLE, Tenn., (May 13, 2019) — Tennessee’s state average gas price is $2.57 per gallon for regular unleaded, which is three cents less than the average a week ago and 3 cents less than one month ago.
The national gas price average today is $2.86, three cents less than last week’s average, four cents less than one month ago and the same as this time last year.
“For the first time in three months, gas prices are declining slowly but steadily across the country,” said Stephanie Milani, Tennessee public affairs director, AAA – The Auto Club Group, “The move to cheaper gas prices may indicate that demand and supply are potentially leveling out. However, there are many factors that could quickly push up prices in the coming weeks such as the impact of Chinese tariffs, weather, gasoline stock levels and Memorial Day travel volume.”
Crude Oil
At the close of Friday’s formal trading session on the NYMEX, WTI decreased four cents to settle at $61.66. On the week, crude prices moved lower because of global concerns around trade negotiations between the U.S. and China. This, plus reports that two Saudi oil tankers were attacked in the Strait of Hormuz are likely to keep crude prices volatile this week.
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 |
$2.862 |
$2.863 |
$2.895 |
$2.823 |
$2.869 |
$2.97 (5/26/2018) |
$4.11 (7/17/2008) |
|
Tennessee |
$2.571 |
$2.578 |
$2.600 |
$2.604 |
$2.622 |
$2.73 (5/27/2018) |
$4.12 (9/15/2008) |
|
Click here to view current gasoline price averages |
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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 9.6 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.