'Boro Gas Prices UP 19-Cents, Remains Lowest In State

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Across Tennessee gas prices climbed 5 cents last week. In the 'Boro, they exploded UP 19-cents to start the new week at $2.54 for some discounters. Sunday's state average of $2.63 per gallon is 3 cents more than a month ago and 15 cents more than this time last year. Tennessee gas prices have hovered within 5 cents of their current range since early June. However, prices remain 10 cents less than this year's high - established during Memorial Day weekend.

Average September Gas Prices
2014 2015 2016 2017 2018
National $3.39 $2.34 $2.20 $2.62 $2.85
Florida $3.32 $2.20 $2.18 $2.68 $2.77
Georgia $3.32 $2.19 $2.22 $2.69 $2.72
Tennessee $3.17 $2.05 $2.07 $2.54 $2.59

"Concerns about how sanctions against Iranian crude will impact global oil supply began to weigh on the market last week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Crude oil prices climbed and dragged gasoline prices higher as a result. The $5 per barrel shift in crude can signal a 25 cent hike at the pump. However, low seasonal gasoline demand and a cheaper-to-produce winter-blend gasoline may should offset some of that upward pressure."

Tennessee motorists found the most expensive September at the gas pump in four years. Pump prices averaged $2.59 per gallon last month - an increase of 5 cents from September 2017, and 52 cents per gallon more than September 2016. The higher prices this year are mostly attributed to more expensive crude oil. WTI crude averaged $70 per barrel last month - $20 per barrel more than September 2017, and $25/b more than September 2016.

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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 ($2.66), and Memphis ($2.63)
  • The least expensive gas price averages in Tennessee are in Murfreesboro ($2.54), Chattanooga ($2.55), Clarksville-Hopkinsville ($2.57), Johnson City ($2.57)

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CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.877 $2.876 $2.852 $2.838 $2.561 $4.114 (7/17/2008)
Florida $2.818 $2.819 $2.721 $2.807 $2.624 $4.079 (7/17/2008)
Georgia $2.721 $2.721 $2.712 $2.696 $2.626 $4.164 (9/15/2008)
Tennessee $2.630 $2.628 $2.584 $2.596 $2.471 $4.118 (9/15/2008)
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$2.54, AAA, gas prices, Murfreesboro, WGNS
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