Gas Prices Continue To Fall

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Tennessee gas prices have fallen 1.6 cents per gallon in the past week, averaging $1.88/g today, according to GasBuddy's daily survey of 3,821 stations. Gas prices in Tennessee are 3.6 cents per gallon lower than a month ago and stand 56.9 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $1.61/g today while the most expensive is $2.39/g, a difference of 78.0 cents per gallon. The lowest price in the state today is $1.61/g while the highest is $2.39/g, a difference of 78.0 cents per gallon.

The national average price of gasoline has fallen 2.5 cents per gallon in the last week, averaging $2.17/g today. The national average is down 0.3 cents per gallon from a month ago and stands 56.3 cents per gallon lower than a year ago.

Historical gasoline prices in Tennessee and the national average going back ten years:
July 27, 2019: $2.45/g (U.S. Average: $2.73/g)
July 27, 2018: $2.58/g (U.S. Average: $2.85/g)
July 27, 2017: $2.05/g (U.S. Average: $2.30/g)
July 27, 2016: $1.90/g (U.S. Average: $2.14/g)
July 27, 2015: $2.41/g (U.S. Average: $2.71/g)
July 27, 2014: $3.30/g (U.S. Average: $3.52/g)
July 27, 2013: $3.42/g (U.S. Average: $3.63/g)
July 27, 2012: $3.27/g (U.S. Average: $3.48/g)
July 27, 2011: $3.57/g (U.S. Average: $3.69/g)
July 27, 2010: $2.56/g (U.S. Average: $2.72/g)

Neighboring areas and their current gas prices:
Chattanooga- $1.85/g, down 2.6 cents per gallon from last week's $1.88/g.
Nashville- $1.96/g, down 3.1 cents per gallon from last week's $1.99/g.
Huntsville- $1.89/g, down 2.0 cents per gallon from last week's $1.91/g.

"We remain stuck in neutral when it comes to gasoline prices. While Pay with GasBuddy data showed a small rebound in gasoline demand, oil prices have again failed to break out, leading to yet another week of little change at the pump," said Patrick De Haan, head of petroleum analysis for GasBuddy. "It's a bit too early to tell if the small rise in gasoline demand last week will continue into this week, but it does seem the most likely situation. The V-shaped recovery in gasoline demand has been put on hold for nearly all of July as coronavirus cases surged, but once we recover from that and we see demand show several weeks of recovery, we'll likely see gas prices begin to tick higher. For now, however, that gives motorists more time to fill up without having to worry about big jumps in prices."

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