08
September
2019
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17:00 PM
America/Chicago

AAA: Pump Price Trends Falling into Place for Autumn

Tennessee Ranks #7 As Least Expensive Gas Price In The Nation

NASHVILLE, Tenn., (September 9, 2019) — Tennessee's state average gas price is $2.26 per gallon for regular unleaded, which is the same price as last week's average, 14-cents less than a month ago and 33-cents less than one year ago. Today's national average is $2.56, which is a two cents cheaper than last week, 11-cents less than a month ago and 28-cents cheaper than a year ago.

"Gasoline demand in early September generally declines alongside stock levels as refineries prepare for the switchover to winter-blend gasoline and undergo maintenance," said Jeanette Casselano, AAA spokesperson. "These typical trends mean savings for motorists, leading the way for potentially some of the cheapest gas prices at the end of the year."

Crude Oil

At the close of Friday's formal trading session on the NYMEX, WTI increased by 22 cents to settle at $56.52. Domestic crude prices rose last week after the EIA reported that total domestic crude inventories fell by 4.8 million bbl. At 423 million bbl, stocks are approximately 21.5 million bbl higher than were they were at the end of August 2018. Higher inventory levels have helped to keep oil cheaper this year over last, but if EIA's report this week shows that stocks continue to shrink, prices could end the week higher again. Alternatively, if ongoing trade tensions between the U.S. and China escalate, crude prices could fall.

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 $2.561 $2.562 $2.577 $2.671 $2.845 $2.97 (5/26/2018) $4.11 (7/17/2008)
Tennessee $2.257 $2.260 $2.266 $2.404 $2.590 $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.