Pump price increases across the state gained momentum last week, rising nine cents on average. The Tennessee Gas Price average is now $3.18 which is 24 cents more expensive than one month ago and five cents more than one year ago.
“There’s still plenty of upward pressure on gas prices right now in the market, and with last week’s crude oil price increases it’s likely Tennesseans will see another round of increases at the pump this week,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “Any time we see big oil price gains like we saw last week, it typically takes a week or two before those adjustments move through the retail market.”
Quick Facts
- 69% of Tennessee gas stations have prices below $3.25
- The lowest 10% of pump prices are $2.95 for regular unleaded
- The highest 10% of pump prices are $3.47 for regular unleaded
- Tennessee is the 7th least expensive market in the nation
Tennessee Regional Prices
- Most expensive metro markets – Nashville ($3.25), Clarksville ($3.22), Jackson ($3.22)
- Least expensive metro markets – Morristown ($3.07), Knoxville ($3.08), Kingsport ($3.16)