The Tennessee gas price average moved above $3.00 per gallon last week for the first time since November 2023. Over last week, gas prices rose six cents, on average. The Tennessee Gas Price average is now $3.01 which is 16 cents more expensive than one month ago but four cents less than one year ago.
“Tennessee drivers are now seeing gas prices above $3.00 per gallon for the first time since November, and it’s very likely the trend of fluctuating prices will continue,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “We saw an increase in gasoline futures last week, which likely indicates that summer-blend gasoline is now moving into the market. OPEC and its allies also announced on Sunday that they would extend voluntary oil production cuts until the end of June. Both of these are contributing to upward pressure on pump prices.”
Quick Facts
- 66% of Tennessee gas stations have prices below $3.00
- The lowest 10% of pump prices are $2.80 for regular unleaded
- The highest 10% of pump prices are $3.31 for regular unleaded
- Tennessee is the 10th least expensive market in the nation