Gas Goes Up A Penny

Tennessee gas prices have risen 1 cent per gallon in the past week, averaging $1.88/g today, according to GasBuddy's daily survey of 3,821 stations. Gas prices in Tennessee are 1.3 cents per gallon lower than a month ago and stand 38.4 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $1.58/g today while the most expensive is $2.59/g, a difference of $1.01/g. The lowest price in the state today is $1.58/g while the highest is $2.59/g, a difference of $1.01/g.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/g today. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.

Historical gasoline prices in Tennessee and the national average going back ten years:
August 24, 2019: $2.26/g (U.S. Average: $2.59/g)
August 24, 2018: $2.57/g (U.S. Average: $2.84/g)
August 24, 2017: $2.12/g (U.S. Average: $2.35/g)
August 24, 2016: $2.02/g (U.S. Average: $2.20/g)
August 24, 2015: $2.24/g (U.S. Average: $2.60/g)
August 24, 2014: $3.20/g (U.S. Average: $3.43/g)
August 24, 2013: $3.31/g (U.S. Average: $3.53/g)
August 24, 2012: $3.52/g (U.S. Average: $3.73/g)
August 24, 2011: $3.42/g (U.S. Average: $3.57/g)
August 24, 2010: $2.52/g (U.S. Average: $2.67/g)

Neighboring areas and their current gas prices:
Chattanooga- $1.80/g, down 3.9 cents per gallon from last week's $1.83/g.
Nashville- $1.95/g, down 0.5 cents per gallon from last week's $1.95/g.
Huntsville- $1.87/g, unchanged from last week's $1.87/g.

"All eyes are on the Gulf of Mexico as two tropical systems head toward a sensitive area for the oil industry, and while these storms bear monitoring, they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While Hurricane Marco and likely-soon-to-be Hurricane Laura churn in the Atlantic, current forecasts show limited ability for them to turn into a major hurricane, which means that motorists need not panic about gasoline supply or price. We should be able to weather both of these storms, barring a major increase in peak intensity. In addition, with gasoline demand still weak due to COVID-19, there's ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it."