Gas Prices Drop 13 Cents
Monday, March 10, 2025 9:16 am
Average gasoline prices in Nashville have fallen 13.9 cents per gallon in the last week, averaging $2.64/g today, according to GasBuddy's survey of 596 stations in Nashville. Prices in Nashville are 14.0 cents per gallon lower than a month ago and stand 48.7 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.1 cents in the last week and stands at $3.608 per gallon.
According to GasBuddy price reports, the cheapest station in Nashville was priced at $2.27/g yesterday while the most expensive was $3.49/g, a difference of $1.22/g. The lowest price in the state yesterday was $2.27/g while the highest was $3.49/g, a difference of $1.22/g.
The national average price of gasoline has fallen 0.6 cents per gallon in the last week, averaging $3.03/g today. The national average is down 8.9 cents per gallon from a month ago and stands 36.7 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 Nashville and the national average going back ten years: March 10, 2024: $3.12/g (U.S. Average: $3.40/g) March 10, 2023: $3.26/g (U.S. Average: $3.44/g) March 10, 2022: $4.17/g (U.S. Average: $4.34/g) March 10, 2021: $2.68/g (U.S. Average: $2.82/g) March 10, 2020: $2.17/g (U.S. Average: $2.33/g) March 10, 2019: $2.33/g (U.S. Average: $2.48/g) March 10, 2018: $2.34/g (U.S. Average: $2.53/g) March 10, 2017: $2.07/g (U.S. Average: $2.30/g) March 10, 2016: $1.68/g (U.S. Average: $1.84/g) March 10, 2015: $2.21/g (U.S. Average: $2.45/g)
Neighboring areas and their current gas prices: Chattanooga- $2.49/g, down 11.8 cents per gallon from last week's $2.61/g. Tennessee- $2.64/g, down 8.7 cents per gallon from last week's $2.72/g. Huntsville- $2.70/g, down 4.0 cents per gallon from last week's $2.74/g.
"The average price of gasoline in the U.S. hasn't been this low in March since 2021, when the pandemic significantly reduced demand and kept prices suppressed. This time around, caution is also playing a role in keeping prices lower-- particularly uncertainty over tariffs, which is likely having a moderate impact," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Concerns about the direction of the economy could have a major influence on fuel prices in the months ahead, especially with the high level of uncertainty surrounding tariffs. Additionally, OPEC+ announced last week that it would gradually begin restoring oil production after nearly two years of cuts, adding further downward pressure on oil prices. As a result, the typical seasonal rise in gas prices has yet to materialize, and if and when it does, it may be considerably smaller than expected."
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