2019 national gas price average ten cents cheaper than 2018
NASHVILLE, Tenn., (Dec. 30, 2019) — The Tennessee Gas Price average is $2.32, which is the same as yesterday, one cent more expensive compared to last week and last month, and 31 cents more expensive than last year.
The National Gas Price Average is $2.58, up four cents from last week. Compared to last month, the national average is the same price, but 31 cents more expensive than the end of 2018.
A year-end spike in road trip travel due to the holidays helped to push the national average more expensive on the week.However, in 2019, the national gas price average was $2.61, which is ten cents cheaper than the 2018 average of $2.71.
“The majority of states saw gas prices increase in the last week – some by as much as a nickel to a dime, but any spikes in gas prices that motorists are seeing will be short-lived,” said Jeanette Casselano, AAA spokesperson. “AAA expects gas prices to decrease following the holidays.”
Oil Price Impact
At the close of Friday’s formal trading session on the NYMEX, WTI decreased by four cents to settle at $61.72. Crude prices rose last week after EIA’s petroleum status report revealed that total domestic crude stocks decreased by 5.5 million bbl to 441.4 million bbl last week. Total domestic stocks are now at the level they held last year at this time. If EIA’s report this week shows another reduction, crude prices could increase again. Higher crude prices will likely help to push pump prices higher moving into next year.
CURRENT AND PAST PRICE AVERAGES
Click Here to view current gasoline price averages
Regular Unleaded Gasoline
|Monday||Sunday||Week Ago||Month Ago||One Year Ago||2019 High||Record High|
|National||$2.581||$2.578||$2.548||$2.588||$2.271||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Tennessee||$2.328||$2.326||$2.310||$2.311||$2.013||$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.