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Average gasoline prices in Tennessee fall by 10.5 cents

According to a GasBuddy survey of 3,821 Tennessee gas stations, average gasoline prices in Tennessee have fallen 10.5 cents per gallon over the past week and are now averaging $2.89 per gallon. Prices in Tennessee are 15.3 cents per gallon lower than a month ago and 49.9 cents per gallon lower than a year ago. The national average price for diesel has fallen 3.2 cents over the past week and is at $3.67 per gallon, a multi-year low.

According to GasBuddy’s price reports, the cheapest gas station in Tennessee yesterday was $0.30/g, while the most expensive was $4.19/g, for a difference of $3.89/g. The lowest price in the state yesterday was $0.30/g, while the highest was $4.19/g, for a difference of $3.89/g.

The national average price of gasoline fell 6.2 cents per gallon over the past week and is averaging $3.30 per gallon today. The national average is down 20.7 cents per gallon from last month and is 49.2 cents per gallon lower than last year, according to data from GasBuddy compiled from more than 11 million weekly price reports from over 150,000 gas stations across the country.

Historical gasoline prices in Tennessee and the national average for the last ten years:
August 26, 2023: $3.39/g (US average: $3.80/g)
August 26, 2022: $3.44/g (US average: $3.84/g)
August 26, 2021: $2.82/g (US average: $3.14/g)
August 26, 2020: $1.95/g (US average: $2.23/g)
August 26, 2019: $2.26/g (US average: $2.58/g)
August 26, 2018: $2.56/g (US average: $2.83/g)
August 26, 2017: $2.14/g (US average: $2.36/g)
August 26, 2016: $2.03/g (US average: $2.21/g)
August 26, 2015: $2.22/g (US average: $2.56/g)
August 26, 2014: $3.21/g (US average: $3.43/g)

Neighbouring towns and their current gas prices:
Chattanooga – $2.75/g, down 14.8 cents per gallon from the previous week’s $2.90/g.
Nashville – $2.98/g, down 12.7 cents per gallon from the previous week’s $3.11/g.
Huntsville – $3.00/g, down 8.3 cents per gallon from the previous week’s $3.09/g.

“It seems fitting that the national average has fallen for four weeks in a row leading up to Labor Day to its lowest level since February, giving Americans one last chance to hit the road when gasoline prices aren’t as big of a deal,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “GasBuddy is currently monitoring eight states where average gasoline prices are already below the $3 per gallon mark, and nearly 20% of gas stations nationwide are selling gas for $2.99 ​​or less. Those numbers will look better week by week as we move into fall. GasBuddy’s Labor Day travel forecast, released tomorrow, will provide more good news about the millions of dollars Americans who travel by car will save compared to last year.”

GasBuddy is the authoritative source for gasoline prices and the only source for gas station data. The GasBuddy survey is updated 288 times daily and is based on a highly diverse list of sources covering nearly 150,000 gas stations nationwide. It is the most comprehensive and up-to-date in the country. GasBuddy’s averages, charts, maps and historical price data for the U.S. and Canada are available 24/7 at http://prices.GasBuddy.com.

Click here for more news from across the state.

By Jasper

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