NASHVILLE, Tenn.,
21
January
2025
|
13:29 PM
America/Chicago

TN Gas Prices Rise Three Cents

Tennessee is the 6th least expensive market in the nation

Gas prices across Tennessee rose three cents, on average, over last week. The Tennessee Gas Price average is now $2.79 which is eight cents more expensive than both one month and one year ago. 

"The recent surges in crude oil pricing are continuing to place upward pressure on the prices we see at the gas pump," said Megan Cooper, spokeswoman, AAA - The Auto Club Group. "The bitter cold temperatures that we're seeing are also causing strong demand for winter heating fuel, which puts additional upward pressure on global oil prices. For now, drivers can expect to see continued fluctuation at the pump. The good news for Tennesseans is that so far the fluctuations are minimal and we are still one of the cheapest markets in the country for gas prices." 

National Gas Prices

Oil costs hovering around $80 a barrel have helped push the national average for a gallon of gas five cents higher since last week to $3.12. 

According to new data from the Energy Information Administration (EIA), gasoline demand fell from 8.48 million b/d last week to 8.32. Meanwhile, total domestic gasoline stocks rose from 237.7 million barrels to 243.6, while gasoline production popped last week, averaging 9.3 million barrels daily. 

Today’s national average for a gallon of gas is $3.12, eight cents more than a month ago and five cents more than a year ago.

National Oil Market Dynamics

At the close of Wednesday’s formal trading session, WTI rose $2.54 to settle at $80.04 a barrel. The EIA reports that crude oil inventories decreased by 2.0 million barrels from the previous week. At 412.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.

Tennessee Regional Prices 

  • Most expensive metro markets - Johnson City ($2.88), Nashville ($2.83), Kingsport ($2.82) 
  • Least expensive metro markets - Clarksville ($2.70), Chattanooga ($2.73), Cleveland ($2.73) 

Tennessee Gas Price Averages 

(Price per gallon of regular unleaded gasoline) 

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Monday

Sunday

Week Ago

Month Ago

One Year Ago

Tennessee

$2.793

$2.800

$2.768

$2.711

$2.710

Chattanooga

$2.732

$2.743

$2.715

$2.689

$2.640

Knoxville

$2.763

$2.765

$2.740

$2.602

$2.658

Memphis

$2.799

$2.811

$2.771

$2.724

$2.814

Nashville

$2.834

$2.843

$2.837

$2.809

$2.695

Click here to view current gasoline price averages

About AAA - The Auto Club Group

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.