Gas Prices Drop

May 08, 2017 at 07:46 am by Bryan Barrett


Tennessee gas prices averaged $2.12 on Sunday, the lowest in more than a month. Pump prices dropped 3 cents in the past week, and prices should drift even lower this week. Some Murfreesboro discounters started the week with regular gas at $2.00 per gallon. That's down locally 6-cents from the previous week.

The highest average price so far this year for regular unleaded was $2.18 on April 20. Since that time, the state average has declined 17 consecutive days for a total discount of 6 cents.

"Gas prices are falling due to continued high production rates from U.S. refineries, moderate demand, and a recent drop in crude oil prices," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "If this trend holds, gasoline will be near or below year-ago levels by Memorial Day, and rival prices seen last summer."

Gas prices are almost as low as last year. In February, prices were 57 cents higher than year-ago levels. The year-over-year difference in Tennessee has since fallen to only 3 cents on Sunday.

Last year, the state average was $2.16 on Memorial Day, and $2.03 from June 1 - August 31, 2016.

Find Local Gas Prices

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Recorded
Average Price
National $2.350 $2.354 $2.388 $2.381 $2.215 $4.114 (7/17/2008)
Florida $2.369 $2.375 $2.419 $2.415 $2.210 $4.079 (7/17/2008)
Tampa $2.339 $2.346 $2.406 $2.402 $2.167 $4.009 (7/16/2008)
Georgia $2.225 $2.228 $2.257 $2.267 $2.193 $4.164 (9/15/2008)
Tennessee $2.120 $2.124 $2.152 $2.132 $2.072 $4.118 (9/15/2008)
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