TN Gas Prices Fall a Penny
Tennessee is now the third least expensive market in the nation
NASHVILLE, Tenn., (April 7, 2025) — Gas prices across the state held relatively steady for most areas over last week, with the state gas price average rising only a penny. The Tennessee Gas Price average is now $2.79 which is nine cents more expensive than one month ago but 42 cents less than one year ago.
"After jumping 10 cents heading into last week, gas price movement is relatively slow for now for gas prices across the state," said Megan Cooper, spokeswoman for AAA - The Auto Club Group. "Late last week we saw oil prices plunge lower due to market concerns surrounding tariffs and the potential for a global economic shutdown. The price of crude oil accounts for about half of the price that drivers pay at the gas pump. This could mean more drops at the pump are in store this week for drivers."
National Gas Prices
Gas prices made a bigger jump this past week, with the national average for a gallon of regular going up by more than nine cents to $3.25. Several factors are driving the increase, including refinery maintenance and summer-blend gasoline switch. The last time the national average reached $3.26 was back in September, consistent with seasonal shifts, but current prices remain below what they were this time last year.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.64 b/d last week to 8.49. Total domestic gasoline supply decreased from 239.1 million barrels to 237.6. Gasoline production increased last week, averaging 9.3 million barrels per day.
National Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI rose 51 cents to settle at $71.71 a barrel. The EIA reports that crude oil inventories increased by 6.2 million barrels from the previous week. At 439.8 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.
Tennessee Regional Prices
- Most expensive metro markets - Johnson City ($2.86), Memphis ($2.83), Jackson ($2.83)
- Least expensive metro markets - Cleveland ($2.66), Chattanooga ($2.70), Clarksville ($2.73)
Tennessee Gas Price Averages
(Price per gallon of regular unleaded gasoline)
Monday | Sunday | Week Ago | Month Ago | One Year Ago | |
Tennessee | $2.790 | $2.794 | $2.801 | $2.706 | $3.207 |
Chattanooga | $2.709 | $2.711 | $2.741 | $2.580 | $3.183 |
Knoxville | $2.797 | $2.799 | $2.810 | $2.728 | $3.079 |
Memphis | $2.835 | $2.840 | $2.800 | $2.758 | $3.248 |
Nashville | $2.804 | $2.809 | $2.850 | $2.704 | $3.270 |
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.
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