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Gasoline Prices Drop

Gasoline Prices Drop

TENNESSEE (February 13) — Average retail gasoline prices in Tennessee have fallen one cent per gallon in the past week, averaging $2.04/g yesterday, according to GasBuddy’s daily survey of 3,821 gas outlets in Tennessee. This compares with the national average that has increased 1.4 cents per gallon in the last week to $2.27/g, according to gasoline price website GasBuddy.com.

According to GasBuddy historical data, gasoline prices on February 13 in Tennessee have ranged widely over the last five years: $1.51/g in 2016, $2.10/g in 2015, $3.16/g in 2014, $3.40/g in 2013 and $3.44/g in 2012.

Areas near Tennessee and their current gas price climate: Chattanooga — $1.98/g, down 0.4 cents per gallon from last week’s $1.99/g. Nashville — $2.07/g, down 2.1 cents per gallon from last week’s $2.09/g. Huntsville — $2.06/g, flat from last week’s $2.06/g.

“The era of falling gasoline prices will likely be coming to an end soon at a gas station near you,” said Patrick DeHaan, senior petroleum analyst for Gas-Buddy.com. “Not to say declines are completely done, but over the next few weeks we’ll likely see more times when stations are raising their prices then dropping them, thanks to gasoline demand that will soon begin recovering and crude oil imports that will soon reflect OPEC’s lower output. The national average typically rises 35-65 cents from its low price, usually in February, through Memorial Day, and there’s no reason to believe the same won’t happen this year, so buckle up,” he said.

For LIVE fuel price averages, visit http://FuelInsights.Gas-Buddy.com.

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