Weekly Gas Prices UPDATE

Sep 08, 2020 at 09:14 am by WGNS

Tennessee gas prices have fallen 1.8 cents per gallon in the past week, averaging $1.94/g today, according to GasBuddy's daily survey of 3,821 stations. Gas prices in Tennessee are 7.9 cents per gallon higher than a month ago and stand 28.8 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee is priced at $1.74/g today while the most expensive is $2.59/g, a difference of 85.0 cents per gallon. The lowest price in the state today is $1.74/g while the highest is $2.59/g, a difference of 85.0 cents per gallon.

The national average price of gasoline has fallen 2.8 cents per gallon in the last week, averaging $2.21/g today. The national average is up 3.7 cents per gallon from a month ago and stands 34.2 cents per gallon lower than a year ago.

Historical gasoline prices in Tennessee and the national average going back ten years:

• 9/8, 2019: $2.23/g (U.S. Average: $2.55/g)
• 9/8, 2018: $2.56/g (U.S. Average: $2.85/g)
• 9/8, 2017: $2.60/g (U.S. Average: $2.67/g)
• 9/8, 2016: $2.00/g (U.S. Average: $2.18/g)
• 9/8, 2015: $2.09/g (U.S. Average: $2.39/g)
• 9/8, 2014: $3.20/g (U.S. Average: $3.43/g)
• 9/8, 2013: $3.36/g (U.S. Average: $3.56/g)
• 9/8, 2012: $3.64/g (U.S. Average: $3.82/g)
• 9/8, 2011: $3.47/g (U.S. Average: $3.65/g)
• 9/8, 2010: $2.49/g (U.S. Average: $2.66/g)

Neighboring areas and their current gas prices:

Chattanooga- $1.89/g, down 3.7 cents per gallon from last week's $1.93/g.
Nashville- $2.04/g, down 3.1 cents per gallon from last week's $2.07/g.
Huntsville- $1.94/g, down 0.4 cents per gallon from last week's $1.94/g.

"Gas prices have started to fall as expected as oil prices have fallen slightly since Hurricane Laura moved on and as seasonal challenges come to into view," said Patrick De Haan, head of petroleum analysis for GasBuddy. "We'll likely see additional downward movement in the weeks ahead with gasoline demand set to decline as we move into the fall months and as COVID-19 restrictions keep demand from rallying. It's entirely possible we could see the national average fall under $2 per gallon by the end of the year without a major improvement in the situation."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.

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