Tennessee Weekly Gas Price Update

Average gasoline prices in Tennessee have risen 16.8 cents per gallon
in the last week, averaging $2.86/g today, according to GasBuddy's
survey of 3,821 stations in Tennessee. Prices in Tennessee are 11.8
cents per gallon lower than a month ago and stand 10.9 cents per
gallon lower than a year ago. The national average price of diesel has
fallen 1.4 cents in the last week and stands at $4.67 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee
was priced at $2.29/g yesterday while the most expensive was $6.11/g,
a difference of $3.82/g. The lowest price in the state yesterday was
$2.29/g while the highest was $6.11/g, a difference of $3.82/g.

The national average price of gasoline has risen 12.3 cents per gallon
in the last week, averaging $3.17/g today. The national average is
down 22.5 cents per gallon from a month ago and stands 9.5 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:
January 2, 2022: $2.97/g (U.S. Average: $3.26/g)
January 2, 2021: $2.01/g (U.S. Average: $2.25/g)
January 2, 2020: $2.37/g (U.S. Average: $2.59/g)
January 2, 2019: $1.97/g (U.S. Average: $2.25/g)
January 2, 2018: $2.24/g (U.S. Average: $2.49/g)
January 2, 2017: $2.13/g (U.S. Average: $2.34/g)
January 2, 2016: $1.74/g (U.S. Average: $1.99/g)
January 2, 2015: $2.06/g (U.S. Average: $2.21/g)
January 2, 2014: $3.11/g (U.S. Average: $3.32/g)
January 2, 2013: $3.12/g (U.S. Average: $3.28/g)

Neighboring areas and their current gas prices:
Chattanooga- $2.75/g, up 17.0 cents per gallon from last week's
$2.58/g.
Nashville- $2.85/g, up 19.9 cents per gallon from last week's $2.65/g.
Huntsville- $2.87/g, up 14.0 cents per gallon from last week's
$2.73/g.

"For the first time in two months, the nation's average price of
gasoline rose sharply last week, as extremely cold weather led to many
refinery issues, shutting down over a million barrels of refining
capacity, pushing wholesale prices up," said Patrick De Haan, head of
petroleum analysis at GasBuddy. "In addition, China's reopening plans
gave markets inspiration that global oil demand will start to recover,
as China's nearly three year Covid-zero policies appear to be coming
to an end. While the jump at the pump will likely be temporary as most
refiners get back online after cold-weather related issues, some
regions like the Rockies may see more price increases than others as
cold-weather shutdowns hit the region fairly hard, with one refinery
likely remaining down through the first quarter of 2023. Most areas
have seen the bulk of the rise already hit, but should oil continue to
rally, more increases could be on the way."

GasBuddy is the authoritative voice for gas prices and the only source
for station-level data. GasBuddy's survey updates 288 times every day
from the most diverse list of sources covering nearly 150,000 stations
nationwide, the most comprehensive and up-to-date in the country.
GasBuddy data is accessible at http://prices.GasBuddy.com.