Gasoline Prices Fall During Week

TENNESSEE (May 5, 2025) — Average gasoline prices in Tennessee fell 7.3 cents per gallon in the last week, averaging $2.68/g today, according to GasBuddy’s survey of 3,821 stations in Tennessee. Prices in Tennessee are 8.3 cents per gallon lower than a month ago and stand 62.4 cents per gallon lower than a year ago. The national average price of diesel has increased 0.2 cents in the last week and stands at $3.501 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.32/g yesterday while the most expensive was $4.11/g, a difference of $1.79/g.
The national average price of gasoline has risen 2.0 cents per gallon in the last week, averaging $3.12/g today. The national average is down 12.0 cents per gallon from a month ago and stands 49.6 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:
May 5, 2024: $3.31/g (U.S. Average: $3.62/g)
May 5, 2023: $3.11/g (U.S. Average: $3.53/g)
May 5, 2022: $4.01/g (U.S. Average: $4.27/g)
May 5, 2021: $2.68/g (U.S. Average: $2.94/g)
May 5, 2020: $1.49/g (U.S. Average: $1.78/g)
May 5, 2019: $2.58/g (U.S. Average: $2.89/g)
May 5, 2018: $2.58/g (U.S. Average: $2.81/g)
May 5, 2017: $2.12/g (U.S. Average: $2.35/g)
May 5, 2016: $2.08/g (U.S. Average: $2.22/g)
May 5, 2015: $2.39/g (U.S. Average: $2.63/g)

“Last week was another mixed bag at the pump for many Americans, but there may be some promising short-term news from OPEC+, which has agreed to increase oil production starting in June,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Here in the U.S., slightly more than half of the states saw gas prices rise, while many others saw modest declines. We continued to see price cycling in states prone to such movements, including much of the Great Lakes region, as well as in Maryland, Florida, and parts of Texas. However, the most notable development is OPEC+’s decision to raise production next month, as oil prices hover near their lowest levels since the pandemic. While gasoline inventories have been tightening due to ongoing refinery maintenance— which has limited how much gas prices have fallen in response to lower oil— refinery output is expected to rise soon. As maintenance wraps up, we could see an increase in gasoline supply and a national average that may soon dip below $3 per gallon.”
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