Gas Fall Three More Cents

Average gasoline prices in Tennessee have fallen 3.8 cents per gallon in the last week, averaging $3.05/g today, according to GasBuddy's survey of 3,821 stations in Tennessee. Prices in Tennessee are 12.3 cents per gallon lower than a month ago and stand 134.5 cents per gallon lower than a year ago. The national average price of diesel has fallen 3.4 cents in the last week and stands at $3.80 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.72/g yesterday while the most expensive was $3.99/g, a difference of $1.27/g. The lowest price in the state yesterday was $2.72/g while the highest was $3.99/g, a difference of $1.27/g.

The national average price of gasoline has fallen 4.1 cents per gallon in the last week, averaging $3.50/g today. The national average is down 1.9 cents per gallon from a month ago and stands 129.3 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:
July 3, 2022: $4.40/g (U.S. Average: $4.79/g)
July 3, 2021: $2.85/g (U.S. Average: $3.12/g)
July 3, 2020: $1.90/g (U.S. Average: $2.17/g)
July 3, 2019: $2.45/g (U.S. Average: $2.76/g)
July 3, 2018: $2.58/g (U.S. Average: $2.87/g)
July 3, 2017: $1.97/g (U.S. Average: $2.22/g)
July 3, 2016: $2.05/g (U.S. Average: $2.27/g)
July 3, 2015: $2.53/g (U.S. Average: $2.77/g)
July 3, 2014: $3.45/g (U.S. Average: $3.67/g)
July 3, 2013: $3.25/g (U.S. Average: $3.47/g)

Neighboring areas and their current gas prices:
Chattanooga- $2.99/g, down 1.3 cents per gallon from last week's $3.00/g.
Nashville- $3.13/g, down 3.7 cents per gallon from last week's $3.16/g.
Huntsville- $3.07/g, down 4.8 cents per gallon from last week's $3.12/g.

"Just ahead of Independence Day, the national average has fallen to its lowest level since late April, with oil prices remaining under considerable pressure due to a cloudy outlook for the global economy. We could see gasoline prices under some additional pressure soon, especially as we head into the closing innings of summer next month," said Patrick De Haan, head of petroleum analysis at GasBuddy. "For now, gasoline demand will likely ramp up as we enter the peak of the summer, with millions of Americans set to take to the roads with some of the season's lowest average gasoline prices. At the half point of the year, the national average is right at level we anticipated for a full year average. While that's good news, I believe we may see prices close out the second half of the year below our expectations, which would be welcome news for motorists, and the possibility exists that the national average this fall could fall under $3 per gallon."