Tennessee gas prices averaged $2.11 on Memorial Day. Here in Murfreesboro, one discounter was offering regular gas at $2.01. The state average on Monday was 6 cents less than last year's holiday and the lowest since 2005 ($1.99), according to AAA, whose data is collected from credit card swipes and direct feeds from 120,000 gas stations nationwide, in cooperation with OPIS and Wright Express.
Tennessee has the 4th-lowest state average in the country. The daily average has increased 12 of the last 13 days, rising a total of 2 cents during that time. Gas prices have averaged $2.11 for the last five days, only climbing fractions of a penny in the past week.
Gas prices reached their lowest point of the year on March 27, with the state average hitting $2.036. The highest price was $2.18 on April 20.
The national average price for a gallon of regular unleaded gasoline will average $2.40 this summer, according to the EIA. Tennessee gas prices would average $2.14 this summer, based on the 26 cent difference between Monday's national and state averages. Last year, Tennessee gas prices averaged $2.03 from June 1 to August 31.
- The most expensive gas price averages in Tennessee are in Nashville ($2.16), Memphis ($2.13), and Knoxville ($2.10)
- The least expensive gas price averages in Tennessee are in Chattanooga ($2.02), Johnson City-Kingsport-Bristol ($2.09), and Clarksville-Hopkinsville ($2.10)
"Oil prices declined last week, allowing gas prices to stabilize in time for one of the most-traveled Memorial Day holidays in 12 years," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "This summer, gas prices should stay within 10-20 cents of their current levels. However, retail prices could surge if there are unexpected refinery outages or if a hurricane impacts supply and demand."
Gas Price Tools for Reporters/Consumers
- GasPrices.AAA.com - Daily national, state, and metro gas price averages.
- AAA Mobile app - Free app that shows current prices at a gas station near you.
CURRENT AND PAST PRICE AVERAGES
 |
Monday | Sunday | Week Ago | Month Ago | One Year Ago | Highest Price on Record |
| National | $2.371 | $2.371 | $2.358 | $2.392 | $2.322 | $4.114 (7/17/2008) |
| Florida | $2.305 | $2.307 | $2.303 | $2.425 | $2.252 | $4.079 (7/17/2008) |
| Tampa | $2.225 | $2.230 | $2.234 | $2.412 | $2.145 | $4.009 (7/16/2008) |
| Georgia | $2.227 | $2.228 | $2.192 | $2.262 | $2.266 | $4.164 (9/15/2008) |
| Tennessee | $2.114 | $2.114 | $2.095 | $2.155 | $2.158 | $4.118 (9/15/2008) |
