Gas Falls A Nickel

Average gasoline prices in Tennessee have fallen 5.6 cents per gallon
in the last week, averaging $3.22/g today, according to GasBuddy's
survey of 3,821 stations in Tennessee. Prices in Tennessee are 13.1
cents per gallon lower than a month ago and stand 16.5 cents per
gallon lower than a year ago. The national average price of diesel has
fallen 4.0 cents in the last week and stands at $4.48 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee
was priced at $2.75/g yesterday while the most expensive was $4.49/g,
a difference of $1.74/g. The lowest price in the state yesterday was
$2.75/g while the highest was $4.49/g, a difference of $1.74/g.

The national average price of gasoline has fallen 10.2 cents per
gallon in the last week, averaging $3.67/g today. The national average
is down 13.8 cents per gallon from a month ago and stands 25.0 cents
per gallon lower than a year ago, according to GasBuddy data compiled
from more than 11 million weekly price reports covering over 150,000
gas stations across the country.

Historical gasoline prices in Tennessee and the national average going
back ten years:
October 9, 2022: $3.39/g (U.S. Average: $3.92/g)
October 9, 2021: $2.98/g (U.S. Average: $3.26/g)
October 9, 2020: $1.91/g (U.S. Average: $2.18/g)
October 9, 2019: $2.34/g (U.S. Average: $2.65/g)
October 9, 2018: $2.68/g (U.S. Average: $2.91/g)
October 9, 2017: $2.33/g (U.S. Average: $2.47/g)
October 9, 2016: $2.12/g (U.S. Average: $2.25/g)
October 9, 2015: $2.02/g (U.S. Average: $2.32/g)
October 9, 2014: $3.04/g (U.S. Average: $3.24/g)
October 9, 2013: $3.16/g (U.S. Average: $3.34/g)

Neighboring areas and their current gas prices:
Chattanooga- $3.09/g, down 4.7 cents per gallon from last week's
$3.14/g.
Nashville- $3.31/g, down 3.8 cents per gallon from last week's
$3.35/g.
Huntsville- $3.23/g, down 6.5 cents per gallon from last week's
$3.29/g.

"At long last, the decline in gas prices that we've been waiting to
see has arrived, and the locomotive of falling prices has only
recently started on a downhill, gaining momentum. However, some new
caution signs have emerged with the recent attacks on Israel,
potentially destabilizing a sensitive region. I'm hopeful the violence
won't spread, limiting the impact to these falling gas prices. Even
with oil prices rising as a reaction to the attacks, I remain
optimistic the national average could decline another 25-45 cents by
late November, with prices falling potentially nearly triple that in
California," said Patrick De Haan, head of petroleum analysis at
GasBuddy. "Even the price of diesel has seen downward pressure with
oil prices plummeting last week on fears that the Fed will be forced
to continue raising rates, eating into demand growth, leading a barrel
of crude to drop into the mid-$80s, but we remain concerned about a
potentially destabilized Middle East and the potential impact to oil
prices should the region see violence escalate."