29
July
2019
|
05:03 AM
America/Chicago

AAA: PUMP PRICES PUSH CHEAPER FOR ANOTHER WEEK

Tennessee drivers paying a nickel less than last week

NASHVILLE, Tenn., (July 29, 2019) — Tennessee's state average gas price is $2.46 per gallon for regular unleaded, which is five cents less than last week's average, five cents more than one month ago, but 14 cents cheaper than one year ago.

Today's national average is $2.73, is three cents less expensive than last Monday, two cents more than a month ago but 12 cents cheaper than last year.

"Gas prices this month are on average a dime less expensive than in July 2018. These less expensive gas prices have encouraged summer road trips as evidenced by robust demand numbers since May," said Jeanette Casselano, AAA spokesperson. "Right now, pump prices are poised to push even cheaper going into August."

Crude Oil

At the close of Friday's formal trading session on the NYMEX, WTI increased by 18 cents to settle at $56.20. Crude prices mostly increased last week after EIA's weekly report showed that total domestic crude inventories fell by 10.8 million bbl. With OPEC continuing to reduce crude production, tighter domestic crude supplies could cause prices to continue to increase if demand tightens. Unresolved tension in the Middle East also contributed to price increases last week.

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 $2.735 $2.737 $2.767 $2.716 $2.856 $2.97 (5/26/2018) $4.11 (7/17/2008)
Tennessee $2.469 $2.475 $2.515 $2.416 $2.608 $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.