Average retail gasoline prices in Tennessee have fallen 7.1 cents per gallon in the past week, averaging $3.59/g yesterday. This compares with the national average that has fallen 4.3 cents per gallon in the last week to $3.81/g, according to gasoline price website TennesseeGasPrices.com.
Including the change in gas prices in Tennessee during the past week, prices yesterday were 31.1 cents per gallon higher than the same day one year ago and are 4.4 cents per gallon higher than a month ago. The national average has increased 8.8 cents per gallon during the last month and stands 29.0 cents per gallon higher than this day one year ago.
"The national average has begun to drop nicely over the last week, and while it certainly doesn't feel like much, it is noteworthy," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Oil prices were all over the map last week, closing in on $100/bbl one day and dropping to $92/bbl later in the week. I've probably had more double takes watching oil prices in the last week than I've had all summer. Watching oil prices last week was as wild as watching the Detroit Tigers try to take a division lead over the White Sox," DeHaan said.
GasBuddy operates TennesseeGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.