Gasoline Prices Decline

TENNESSEE (April 7) — Average gasoline prices in Tennessee fell 2.3 cents per gallon in the last week, averaging $2.76/g today, according to GasBuddy’s survey of 3,821 stations in Tennessee. Prices in Tennessee are 10.3 cents per gallon higher than a month ago and stand 43.1 cents per gallon lower than a year ago. The national average price of diesel has increased 3.6 cents in the last week and stands at $3.594 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.45/g yesterday while the most expensive was $5.11/g, a difference of $2.66/g. The lowest price in the state yesterday was $2.45/g while the highest was $5.11/g, a difference of $2.66/g.

The national average price of gasoline has risen 10.6 cents per gallon in the last week, averaging $3.21/g today. The national average is up 13.2 cents per gallon from a month ago and stands 35.6 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Tennessee and the national average going back ten years:
April 7, 2024: $3.19/g (U.S. Average: $3.57/g)
April 7, 2023: $3.29/g (U.S. Average: $3.58/g)
April 7, 2022: $3.91/g (U.S. Average: $4.14/g)
April 7, 2021: $2.67/g (U.S. Average: $2.87/g)
April 7, 2020: $1.62/g (U.S. Average: $1.89/g)
April 7, 2019: $2.50/g (U.S. Average: $2.74/g)
April 7, 2018: $2.46/g (U.S. Average: $2.66/g)
April 7, 2017: $2.13/g (U.S. Average: $2.39/g)
April 7, 2016: $1.86/g (U.S. Average: $2.04/g)
April 7, 2015: $2.12/g (U.S. Average: $2.38/g)

“While the national average price of gasoline saw its largest weekly gain of the year, it likely won’t last long, as oil prices have plummeted amid growing concerns about the global economy following the U.S. announcement of some of the most significant tariffs in over a century, along with OPEC+ restoring oil production faster than anticipated,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to falling oil prices, the stock market has dropped sharply, and the risk of a recession has increased— raising the likelihood of reduced global energy and oil demand, which is sending prices lower. As a result, motorists can expect gas prices to begin falling nearly coast-to-coast, with oil now at its lowest level since the early days of the pandemic in 2021. If tariffs aren’t scaled back soon, the national average could fall below $3 per gallon in the weeks ahead, with no clear indication of how long it might stay there as market volatility persists.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy’s averages, graphs, maps and historical pricing data covering the U.S. and Canada is available 24/7 at http://prices.GasBuddy.com.

SOURCE GasBuddy