Gas Prices On The Rise

Tennessee gas prices have risen 7.0 cents per gallon in the past week, averaging $1.57/g today, according to GasBuddy's daily survey of 3,821 stations. Gas prices in Tennessee are 2.0 cents per gallon lower than a month ago and stand 98.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $1.23/g today while the most expensive is $2.25/g, a difference of $1.02/g. The lowest price in the state today is $1.23/g while the highest is $2.25/g, a difference of $1.02/g.

The national average price of gasoline has risen 6.4 cents per gallon in the last week, averaging $1.83/g today. The national average is down 1.1 cents per gallon from a month ago and stands 102.8 cents per gallon lower than a year ago.

Historical gasoline prices in Tennessee and the national average going back ten years:
May 11, 2019: $2.55/g (U.S. Average: $2.86/g)
May 11, 2018: $2.60/g (U.S. Average: $2.86/g)
May 11, 2017: $2.08/g (U.S. Average: $2.34/g)
May 11, 2016: $2.04/g (U.S. Average: $2.20/g)
May 11, 2015: $2.40/g (U.S. Average: $2.66/g)
May 11, 2014: $3.46/g (U.S. Average: $3.66/g)
May 11, 2013: $3.25/g (U.S. Average: $3.57/g)
May 11, 2012: $3.50/g (U.S. Average: $3.73/g)
May 11, 2011: $3.76/g (U.S. Average: $3.97/g)
May 11, 2010: $2.76/g (U.S. Average: $2.88/g)

Neighboring areas and their current gas prices:
Chattanooga- $1.59/g, up 13.0 cents per gallon from last week's $1.46/g.
Nashville- $1.76/g, up 1 cent per gallon from last week's $1.75/g.
Huntsville- $1.61/g, unchanged from last week's $1.61/g.

"Gasoline demand continues rebound across the U.S. as more states re-open, with a week on week rise of nearly 5%, according to data from GasBuddy's free payments card. The boost in demand has led oil and gasoline prices to rally, and as long as states continue to loosen restrictions, it'll mean more motorists on the roads and filling their tank," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "Most states saw prices rise last week, but yet again Great Lakes states, which were the largest beneficiaries of ultra-low prices, saw the most pain as retail gasoline prices fall back into their normal territory against the national average. For now, the continued recovery in gas prices will nearly completely depend on improvement in the coronavirus situation, as so long as refineries boost production again as demand continues to rise again."