Gasoline Prices Decrease During Week

TENNESSEE (February 16) — Average gasoline prices in Tennessee fell 2.6 cents per gallon in the last week, averaging $2.49/g today, according to GasBuddy's survey of 3,821 stations in Tennessee. Prices in Tennessee are 0.6 cents per gallon higher than a month ago and stand 27.8 cents per gallon lower than a year ago. The national average price of diesel has increased 1.0 cents compared to a week ago and stands at $3.624 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.09/g yesterday while the most expensive was $3.50/g, a difference of $1.41/g. The lowest price in the state yesterday was $2.09/g while the highest was $3.50/g, a difference of $1.41/g.

The national average price of gasoline has risen 2.6 cents per gallon in the last week, averaging $2.87/g today. The national average is up 4.9 cents per gallon from a month ago and stands 24.5 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:

• February 16, 2025: $2.77/g (U.S. Average: $3.11/g)
• February 16, 2024: $2.98/g (U.S. Average: $3.29/g)
• February 16, 2023: $3.12/g (U.S. Average: $3.39/g)
• February 16, 2022: $3.28/g (U.S. Average: $3.51/g)
• February 16, 2021: $2.26/g (U.S. Average: $2.54/g)

Neighboring areas and their current gas prices:

• Chattanooga - $2.43/g, down 12.2 cents per gallon from last week's $2.55/g.
• Nashville - $2.55/g, down 9.1 cents per gallon from last week's $2.65/g.
• Huntsville - $2.56/g, up 0.6 cents per gallon from last week's $2.55/g.

“The national average price of gasoline continues to grind higher, and while the pace of increases remains modest for now, upward momentum could accelerate in the coming weeks as refinery maintenance intensifies and the broader transition to summer gasoline begins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, supply-side dynamics could temper that seasonal pressure. If OPEC+ proceeds with resuming production increases following its first-quarter pause, additional barrels could cap crude oil’s upside and limit the magnitude of the spring rally at the pump. That said, geopolitical tensions—particularly between the U.S. and Iran—remain an unpredictable variable, injecting risk into the outlook and leaving prices vulnerable to sudden shifts.”

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