Average Gas Prices Drop A Dime

Average gasoline prices in Tennessee have fallen 10.8 cents per gallon
in the last week, averaging $3.48/g today, according to GasBuddy's
survey of 3,821 stations in Tennessee. Prices in Tennessee are 66.7
cents per gallon lower than a month ago and stand 63.4 cents per
gallon higher than a year ago. The national average price of diesel
has declined 14.8 cents in the last week and stands at $5.27 per
gallon.

According to GasBuddy price reports, the cheapest station in Tennessee
was priced at $3.07/g yesterday while the most expensive was $4.89/g,
a difference of $1.82/g. The lowest price in the state yesterday was
$3.07/g while the highest was $4.89/g, a difference of $1.82/g.

The national average price of gasoline has fallen 9.9 cents per gallon
in the last week, averaging $3.92/g today. The national average is
down 63.7 cents per gallon from a month ago and stands 74.8 cents per
gallon higher 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:
August 15, 2021: $2.84/g (U.S. Average: $3.17/g)
August 15, 2020: $1.88/g (U.S. Average: $2.17/g)
August 15, 2019: $2.32/g (U.S. Average: $2.63/g)
August 15, 2018: $2.60/g (U.S. Average: $2.85/g)
August 15, 2017: $2.13/g (U.S. Average: $2.34/g)
August 15, 2016: $1.90/g (U.S. Average: $2.12/g)
August 15, 2015: $2.29/g (U.S. Average: $2.67/g)
August 15, 2014: $3.22/g (U.S. Average: $3.46/g)
August 15, 2013: $3.31/g (U.S. Average: $3.53/g)
August 15, 2012: $3.47/g (U.S. Average: $3.71/g)

Neighboring areas and their current gas prices:
Chattanooga- $3.36/g, down 10.4 cents per gallon from last week's
$3.46/g.
Nashville- $3.39/g, down 12.5 cents per gallon from last week's
$3.52/g.
Huntsville- $3.56/g, down 13.0 cents per gallon from last week's
$3.69/g.

"For the ninth week straight, gas prices have continued to fall, but
the streak is at great risk of being broken this week with wholesale
gasoline prices having bounced back up some 40 cents per gallon as oil
prices have rebounded," said Patrick De Haan, head of petroleum
analysis at GasBuddy. "That means the decline in average prices could
wrap up soon, with some price increases possible as early as this
week, especially in areas of the Great Lakes. While the West Coast and
some areas of the Rockies may see prices continue to drift lower, I do
believe the national average could tick higher this week as the better
than expected jobs report last week likely means less demand
destruction than anticipated."