Gas UP In TN, down in 'Boro!

Mar 26, 2018 at 06:58 am by bryan


Tennessee motorists will soon find some of the most expensive gas prices in five months. Tennessee's state average of $2.41 is tied with this year's high - set in February - and the highest price since October. Here in the 'Boro, discounters dropped prices 6-cents to again give local motorists the least expensive gas in the Volunteer State. Some discounters started the week with regular gas at $2.19 per gallon.

  • The most expensive gas price averages in Tennessee are in Morristown ($2.45), Nashville ($2.44), and Knoxville ($2.44)
  • The least expensive gas price averages in Tennessee are in Murfreesboro ($2.19), Chattanooga ($2.32), Cleveland ($2.35), and Memphis ($2.36)

"Gasoline demand has been very strong the past few weeks, as Americans travel for spring break," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "This robust gasoline demand, coupled with lower supply levels, are setting the stage for rising prices in the coming weeks."

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  • Crude oil prices rose $3.82 per barrel last week. Friday's settlement of $65.88 is the highest daily settlement since January 26.
  • Gasoline futures prices rose 11 cents last week. exceeding $2 for the first time since Hurricane Harvey struck the Texas coast last August.
  • Wholesale gasoline prices rose 9 cents last week, returning to levels not seen since January.
Average Gas Price in March
2014 2015 2016 2017 2018
National $3.51 $2.43 $1.93 $2.30 $2.55
Florida $3.53 $2.46 $1.96 $2.29 $2.53
Georgia $3.35 $2.26 $1.87 $2.18 $2.43
Tennessee $3.26 $2.18 $1.75 $2.05 $2.33

Gas Price Tools for Reporters/Consumers

Highs and Lows of 2018

  • National: the highest average price for gasoline was $2.67 on February 6; the lowest was $2.49 on January 3.
  • Florida: the highest average price in was $2.68 on February 8; the lowest was $2.44 on January 2.
  • Georgia: the highest average price is $2.50; the lowest was $2.35 on January 2.
  • Tennessee: the highest average price was $2.41 on February 7; the lowest was $2.26 on January 1.

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.607 $2.602 $2.542 $2.518 $2.286 $4.114 (7/17/2008)
Florida $2.545 $2.542 $2.531 $2.523 $2.296 $4.079 (7/17/2008)
Georgia $2.500 $2.496 $2.444 $2.381 $2.160 $4.164 (9/15/2008)
Tennessee $2.408 $2.402 $2.342 $2.310 $2.040 $4.118 (9/15/2008)
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