Gas Prices Up 1.5 Cents

Tennessee gas prices have risen 1.5 cents per gallon in the past week, averaging $1.92/g today, according to GasBuddy's daily survey of 3,821 stations. Gas prices in Tennessee are 1.1 cents per gallon higher than a month ago and stand 40.7 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $1.66/g today while the most expensive is $2.49/g, a difference of 83.0 cents per gallon. The lowest price in the state today is $1.66/g while the highest is $2.49/g, a difference of 83.0 cents per gallon.

The national average price of gasoline has fallen 1.1 cents per gallon in the last week, averaging $2.16/g today. The national average is down 1.8 cents per gallon from a month ago and stands 47.2 cents per gallon lower than a year ago.

Historical gasoline prices in Tennessee and the national average going back ten years:
October 12, 2019: $2.33/g (U.S. Average: $2.64/g)
October 12, 2018: $2.67/g (U.S. Average: $2.90/g)
October 12, 2017: $2.30/g (U.S. Average: $2.47/g)
October 12, 2016: $2.12/g (U.S. Average: $2.25/g)
October 12, 2015: $2.02/g (U.S. Average: $2.31/g)
October 12, 2014: $2.99/g (U.S. Average: $3.19/g)
October 12, 2013: $3.16/g (U.S. Average: $3.33/g)
October 12, 2012: $3.55/g (U.S. Average: $3.81/g)
October 12, 2011: $3.23/g (U.S. Average: $3.40/g)
October 12, 2010: $2.67/g (U.S. Average: $2.80/g)

Neighboring areas and their current gas prices:
Chattanooga- $1.83/g, up 0.9 cents per gallon from last week's $1.82/g.
Nashville- $1.98/g, down 0.5 cents per gallon from last week's $1.99/g.
Huntsville- $1.91/g, up 2.7 cents per gallon from last week's $1.88/g.

"Average gasoline prices largely remain rangebound as the tug of war between market forces continues to keep prices confined near current levels," said Patrick De Haan, head of petroleum analysis for GasBuddy. "On one side, the coronavirus situation would be pulling prices down as year-to-date gasoline demand stands some 13% lower than last year, but on the positive side is the possibility of economic stimulus that could boost households ahead of the election if the two parties can manage to agree. For now, with little action on either issue, oil markets are seeing a good amount of speculation and seesawing, and that will continue until we have a clear answer on whether Washington will deliver more economic aid to hard hit Americans."