'Boro Has Lowest Gas Prices In Tennessee

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(Murfreesboro) Gas prices across the nation increased 1.5 cents during the past week. However, in Murfreesboro, it dropped 3-cents at some discounters to $2.46 per gallon.

So far, motorists have found the most expensive summer gas prices in four years. Since June 1, Tennessee gas prices averaged $2.64 per gallon - an increase of nearly 60 cents compared to the average price last summer. However, current pump prices remain 12 cents below this year's high, set during Memorial Day weekend.

Average Summer Gas Prices
2014 2015 2016 2017 Today
National $3.57 $2.71 $2.23 $2.31 $2.87
Florida $3.50 $2.58 $2.19 $2.25 $2.72
Georgia $3.48 $2.57 $2.11 $2.18 $2.72
Tennessee $3.35 $2.45 $2.03 $2.08 $2.61

"Reduced global oil supplies have caused summer travelers to pay a higher price at the pump this year," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Fortunately, domestic gasoline production remains strong, which should help prevent major swings in summer gas prices. However, pump prices will pop if a major hurricane threatens refineries along the Gulf Coast. Last year, Hurricane Harvey caused a 40 cent spike."

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Click here to view AAA's state and metro gas price averages

  • The most expensive gas price averages in Tennessee are in Jackson ($2.67), Nashville ($2.65), and Memphis ($2.65)
  • The least expensive gas price averages in Tennessee are in Murfreesboro ($2.46), Clarksville-Hopkinsville ($2.55), Knoxville ($2.56), and Johnson City ($2.57)

According to the latest EIA figures, demand is near record-levels, averaging 2 percent higher than last year. Fortunately, U.S. refineries are more than keeping pace. Gasoline production in the Gulf Coast is 12 percent better than this time last year. As a result, gasoline futures prices dropped 7 cents on the stock market last week.Oil prices remain near multi-year highs, yet held relatively steady through last week. The price of crude settled at $73.80 per barrel on Friday - 35 cents less than the week before.

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Gas Price Tools

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.865 $2.866 $2.854 $2.934 $2.263 $4.114 (7/17/2008)
Florida $2.719 $2.722 $2.724 $2.823 $2.143 $4.079 (7/17/2008)
Georgia $2.721 $2.722 $2.691 $2.798 $2.113 $4.164 (9/15/2008)
Tennessee $2.610 $2.611 $2.595 $2.684 $2.007 $4.118 (9/15/2008)
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$2.46, AAA, gas prices, Murfreesboro, WGNS
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