02
September
2019
|
17:00 PM
America/Chicago

AAA: Most Motorists Continue to see Decreases at the Pump

While Hurricane Dorian Puts Pressure On Gas Prices, Tennessee's Average Price Drops Three Cents

NASHVILLE, Tenn., (September 3, 2019) — Tennessee's state average gas price is $2.26 per gallon for regular unleaded, which is three cents below last week's average, 19-cents less than a month ago and 33-cents less than one year ago. Today's national average is $2.57, which is a penny cheaper than last week, 14-cents less than a month ago and 26-cents cheaper than a year ago.

"As an east coast storm, Hurricane Dorian is not threatening major oil and gas infrastructure so its impact is localized to its path along the East Coast," said Jeanette Casselano, AAA spokesperson. "For the rest of the country, demand, which remains high, is chipping away at supply, but not at a high enough rate to increase gas prices."

Crude Oil

At the close of Friday's formal trading session on the NYMEX, WTI decreased by $1.61 to settle at $55.10. Crude oil prices saw some gains last week following EIA's weekly report that showed crude oil stockpiles had decreased by 10 million bbl. However, worries about the impact of Hurricane Dorian drove crude oil prices down late last week. Closing out the week, crude oil futures fell 3% ahead of the hurricane's landfall with fears that its impact could dampen demand. Market watchers will continue to track the progress of Hurricane Dorian as it strengthens throughout the week and batters Florida and the east coast.

Update: Hurricane Dorian

Dorian is now a category 2 storm with winds near 110 mph and higher gusts. The storm is expected to move to Florida's east coast late today through Wednesday evening. It is then predicted to impact the coasts of Georgia and South Carolina through Thursday. The National Hurricane Center (NHC) has issued storm surge warnings and watches as well as hurricane warnings and watches from Florida to South Carolina.

Find Tennessee Gas Prices

State and metro averages can be found here

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Monday Sunday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.573 $2.577 $2.585 $2.716 $2.834 $2.97 (5/26/2018) $4.11 (7/17/2008)
Tennessee $2.264 $2.266 $2.290 $2.447 $2.593 $2.73 (5/27/2018) $4.12 (9/15/2008)
Click here to view current gasoline price averages


Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.