Gasoline Prices Increase

TENNESSEE( August 11) — Average gasoline prices in Tennessee increased 2.0 cents per gallon in the last week, averaging $2.75/g today, according to GasBuddy’s survey of 3,821 stations in Tennessee. Prices in Tennessee are 5.4 cents per gallon lower than a month ago and stand 21.9 cents per gallon lower than a year ago. The national average price of diesel has decreased 1.8 cents compared to a week ago and stands at $3.690 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.37/g yesterday while the most expensive was $3.69/g, a difference of $1.32/g. The lowest price in the state yesterday was $2.37/g while the highest was $3.69/g, a difference of $1.32/g.

The national average price of gasoline has fallen 2.7 cents per gallon in the last week, averaging $3.08/g today. The national average is down 7.0 cents per gallon from a month ago and stands 32.3 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:

August 11, 2024: $2.97/g (U.S. Average: $3.41/g)

August 11, 2023: $3.42/g (U.S. Average: $3.82/g)

August 11, 2022: $3.51/g (U.S. Average: $3.95/g)

August 11, 2021: $2.85/g (U.S. Average: $3.18/g)

August 11, 2020: $1.88/g (U.S. Average: $2.17/g)

August 11, 2019: $2.35/g (U.S. Average: $2.63/g)

August 11, 2018: $2.61/g (U.S. Average: $2.85/g)

August 11, 2017: $2.14/g (U.S. Average: $2.35/g)

August 11, 2016: $1.90/g (U.S. Average: $2.13/g)

August 11, 2015: $2.30/g (U.S. Average: $2.58/g)

“After rising for two straight weeks, the national average price of gasoline saw a slight decline in the last week as oil prices fell below $64 per barrel, paving the way for prices to ease in most states,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Price-cycling markets again saw the largest weekly swings, with Florida and Michigan cycling upward, while Indiana and Ohio experienced sharp declines but may be due for jumps this week. As we approach the peak of hurricane season, forecasts are showing favorable conditions for tropical development, so we’ll be watching closely for any potential impact on supply and prices as Labor Day nears.”

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.

SOURCE GasBuddy