Gas Prices Fall 1.9 Cents

Tennessee gas prices have fallen 1.9 cents per gallon in the past week, averaging $2.86/g today, according to GasBuddy's daily survey of 3,821 stations in Tennessee. Gas prices in Tennessee are 19.9 cents per gallon higher than a month ago and stand $1.20/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $2.09/g today while the most expensive is $3.39/g, a difference of $1.30/g. The lowest price in the state today is $2.09/g while the highest is $3.39/g, a difference of $1.30/g.

The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $3.02/g today. The national average is up 14.0 cents per gallon from a month ago and stands $1.07/g higher than a year ago.

Historical gasoline prices in Tennessee and the national average going back ten years:
May 24, 2020: $1.66/g (U.S. Average: $1.95/g)
May 24, 2019: $2.52/g (U.S. Average: $2.84/g)
May 24, 2018: $2.72/g (U.S. Average: $2.97/g)
May 24, 2017: $2.10/g (U.S. Average: $2.37/g)
May 24, 2016: $2.12/g (U.S. Average: $2.29/g)
May 24, 2015: $2.47/g (U.S. Average: $2.75/g)
May 24, 2014: $3.45/g (U.S. Average: $3.66/g)
May 24, 2013: $3.28/g (U.S. Average: $3.65/g)
May 24, 2012: $3.37/g (U.S. Average: $3.68/g)
May 24, 2011: $3.65/g (U.S. Average: $3.82/g)

Neighboring areas and their current gas prices:
Chattanooga- $2.75/g, down 3.5 cents per gallon from last week's $2.78/g.
Nashville- $2.90/g, down 5.1 cents per gallon from last week's $2.95/g.
Huntsville- $2.81/g, down 3.4 cents per gallon from last week's $2.84/g.

"In the lead up to Memorial Day, we haven't seen gas prices come down much, though with oil's recent move lower, we should start to see more drops at the pump materialize in the days ahead," said Patrick De Haan, head of petroleum analysis for GasBuddy. "With the Colonial Pipeline situation continuing to improve in Southeastern states, fueling up for the holiday weekend shouldn't be too challenging, save for a few pockets in GA, NC and SC, where outages remain a bit higher than neighboring states. For those hitting the road, we should see prices inch lower in the coming week through at least Memorial Day, so motorists need not rush to fill their tanks as the drop in oil prices should manifest into lower gas prices as we begin the summer driving season."