Gas Prices Decline During Week

TENNESSEE (December 29) — Average gasoline prices in Tennessee fell 3.7 cents per gallon in the last week, averaging $2.38/g today, according to GasBuddy’s survey of 3,821 stations in Tennessee. Prices in Tennessee are 20.8 cents per gallon lower than a month ago and stand 25.6 cents per gallon lower than a year ago. The national average price of diesel has decreased 5.4 cents compared to a week ago and stands at $3.521 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.01/g yesterday while the most expensive was $3.49/g, a difference of $1.48/g. The lowest price in the state yesterday was $2.01/g while the highest was $3.49/g, a difference of $1.48/g.

The national average price of gasoline has fallen 4.0 cents per gallon in the last week, averaging $2.75/g today. The national average is down 22.6 cents per gallon from a month ago and stands 22.4 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 five years:
December 29, 2024: $2.64/g (U.S. Average: $2.98/g)
December 29, 2023: $2.74/g (U.S. Average: $3.11/g)
December 29, 2022: $2.81/g (U.S. Average: $3.13/g)
December 29, 2021: $2.97/g (U.S. Average: $3.28/g)
December 29, 2020: $2.00/g (U.S. Average: $2.26/g)

“For the fifth straight week, the national average price of gasoline has declined, with all but a handful of states seeing prices move lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices have remained relatively low even amid the U.S. blockade on Venezuela’s oil exports. With refineries running at seasonally high output and gasoline inventories building, most states— outside of price-cycling markets— have continued to see declines, with some stations in nearly a dozen states now dipping below the $2-per-gallon mark. That trend could persist a bit longer before prices finally bottom out sometime in January or February.”

GasBuddy®, a PDI Technologies company, is North America’s trusted fuel savings platform, helping consumers fuel up for less for over 25 years. With over 100 million app downloads, GasBuddy delivers real-time prices at 150,000+ stations and tangible savings through Pay with GasBuddy+™. It is the most authoritative source of station-level fuel pricing data, updating averages 288 times daily from the broadest mix of inputs— spotter reports, direct station integrations, and transactional data.

SOURCE GasBuddy