Gas prices in Tennessee now average the lowest of 2018. Sunday's state average of $2.24 is 10 cents less than a week ago, and the lowest daily average price since December. Here in Murfreesboro, one discounter started the week by offering regular gas at $1.91 per gallon, and several began with gas less than $2 per gallon.
Tennessee gas prices have declined the past seven weeks. The state average has slipped 52 consecutive days, for a total of 45 cents.
On average, gas prices in November were 21 cents less than October. The monthly average of $2.44/g was the lowest monthly average since March ($2.35). The state average declined a total of 31 cents last month. Despite the decline, the monthly average was 14 cents more than November 2017, and the most expensive November in four years.
Click here to view AAA's state and metro gas price averages
- Most expensive gas price averages: Nashville ($2.35), Johnson City ($2.33), and Morristown ($2.28)
- Least expensive gas price averages: Murfreesboro ($1.91), Cleveland ($2.04), Chattanooga ($2.09), and Knoxville ($2.19)
The average American is now finding the lowest gas prices of the year. The national average price for gasoline was $2.47 per gallon on Sunday. That's 9 cents less than last week, and 2 cents less than the previous 2018-low which was set back in January.
"Compared to when pump prices peaked in May, Americans are now saving an average of $5-$10 every time they go to the pump," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Plunging oil prices have made gasoline far less expensive to produce. Oil prices sank to 14-month lows, because there's so much oil in the global market and not enough demand to absorb it. OPEC and Russia hope to change that. They meet on Thursday to discuss a production cut, in hopes of boosting oil prices. A significant cut could have an immediate impact on gas prices, but to what extent will depend on how the oil market responds."
Oil and Gasoline Dynamics
- Domestic crude oil production remains at a record-high 11.7 million barrels per day; 21 percent more than last year
- Domestic oil supply increased for the 10th consecutive week
- Supply levels are the highest since this time last year
- Gasoline production remains strong
- Gasoline supplies are nearly 5 percent stronger than a year ago
- Gasoline demand is steady
- Exports of crude and refined fuels reached a new all-time high last week of 8.7 million barrels per day
Gas Price Tools
- GasPrices.AAA.com - Daily national, state, and metro gas price averages
- AAA Mobile app - Free app that compares gas prices near you
- Gas Cost Calculator - Determine how much gasoline will cost on your next road trip
CURRENT AND PAST PRICE AVERAGES
 |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | 2018 High | Record High |
| National | $2.467 | $2.477 | $2.561 | $2.774 | $2.480 | $2.97 (5/26/2018) | $4.11 (7/17/2008) |
| Tennessee | $2.241 | $2.255 | $2.342 | $2.560 | $2.285 | $2.73 (5/27/2018) | $4.12 (9/15/2008) |
