TN Gas Prices Rise Four Cents
Tennessee is now the eighth least expensive market in the nation
NASHVILLE, Tenn., (November 11, 2024) — Over last week, gas prices across the state rose four cents, on average. The Tennessee Gas Price average is now $2.75 which is 11 cents less expensive than one month ago and 21 cents less than one year ago.
"Last week we saw our state gas price average jump as high as $2.77 per gallon and then slowly decline through the weekend to $2.75," said Megan Cooper, spokeswoman, AAA - The Auto Club Group. "Crude oil prices were relatively flat last week, but slightly higher than where they sat late last month. It's likely that drivers can expect to see continued fluctuation at the pump this week."
National Gas Prices
Faced with a rare November hurricane churning in the gulf, the national average for a gallon of gas only fell by two cents since last week to $3.08.
According to new data from the Energy Information Administration (EIA), gas demand slid from 9.15 million b/d last week to 8.82. Meanwhile, total domestic gasoline stocks rose from 210.9 million barrels to 211.3, while gasoline production increased last week, averaging 9.7 million barrels daily.
Today’s national average for a gallon of gas is $3.08, twelve cents less than a month ago and 29 cents less than a year ago.
National Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI fell 30 cents to settle at $71.69 a barrel. The EIA reports that crude oil inventories increased by 2.1 million barrels from the previous week. At 427.7 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
Tennessee Regional Prices
- Most expensive metro markets - Johnson City ($2.81), Nashville ($2.80), Jackson ($2.79)
- Least expensive metro markets - Morristown ($2.66), Knoxville ($2.68), Kingsport ($2.70)
Tennessee Gas Price Averages
(Price per gallon of regular unleaded gasoline)
 | Monday | Sunday | Week Ago | Month Ago | One Year Ago |
Tennessee | $2.752 | $2.758 | $2.717 | $2.865 | $2.967 |
Chattanooga | $2.706 | $2.727 | $2.626 | $2.873 | $2.819 |
Knoxville | $2.681 | $2.682 | $2.701 | $2.768 | $2.985 |
Memphis | $2.786 | $2.787 | $2.769 | $2.851 | $3.020 |
Nashville | $2.804 | $2.813 | $2.728 | $2.952 | $3.002 |
Click here to view current gasoline price averages | |||||
The Auto Club Group (ACG), named a 2026 Forbes Most Trusted Company in America, is the second-largest AAA club in North America, with more than 13 million members across 14 U.S. states and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, financial services, travel offerings and more. ACG is part of the national AAA federation, which serves more than 66 million members across the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, download the AAA Mobile app, visit AAA.com, and follow us on social media.