Gasoline Prices Increase Over Week

TENNESSEE (July 1) — Average gasoline prices in Tennessee increased 11.9 cents per gallon in the last week, averaging $3.09/g today, according to GasBuddy’s survey of 3,821 stations in Tennessee. Prices in Tennessee are 3.1 cents per gallon higher than a month ago and stand 3.4 cents per gallon higher than a year ago. The national average price of diesel has risen 1.4 cents in the last week and stands at $3.77 per gallon.

The Banner observed gasoline at 2.99 at McKenzie Fuel and Food on Saturday, June 29.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.65/g yesterday while the most expensive was $4.19/g, a difference of $1.54/g. The lowest price in the state yesterday was $2.65/g while the highest was $4.19/g, a difference of $1.54/g.

The national average price of gasoline has risen 5.0 cents per gallon in the last week, averaging $3.46/g today. The national average is down 6.0 cents per gallon from a month ago and stands 5.4 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 ten years:

July 1, 2023: $3.06/g (U.S. Average: $3.52/g).

July 1, 2022: $4.44/g (U.S. Average: $4.83/g).

July 1, 2021: $2.86/g (U.S. Average: $3.12/g).

July 1, 2020: $1.91/g (U.S. Average: $2.18/g).

July 1, 2019: $2.40/g (U.S. Average: $2.72/g).

July 1, 2018: $2.56/g (U.S. Average: $2.84/g).

July 1, 2017: $1.98/g (U.S. Average: $2.23/g).

July 1, 2016: $2.06/g (U.S. Average: $2.27/g).

July 1, 2015: $2.53/g (U.S. Average: $2.76/g).

July 1, 2014: $3.46/g (U.S. Average: $3.67/g).

Neighboring areas and their current gas prices:

Chattanooga — $3.06/g, up 23.8 cents per gallon from last week’s $2.83/g.

Nashville — $3.20/g, up 17.1 cents per gallon from last week’s $3.03/g.

Huntsville — $3.09/g, unchanged from last week’s $3.09/g.

“As we approach July 4 later this week, motorists have seen the national average price of gasoline inch up ever so slightly for the third straight week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the increases have been fairly tame, with oil continuing to hold above $80 per barrel, we could continue to see the national average climb slightly.

Other areas that see price cycling saw prices shoot up early in the week, but those areas are now starting to see prices fall back down. For many Americans hitting the road for the July 4 holiday, prices in most areas are very comparable to what we saw last July 4. However, with Hurricane Beryl now formed in the Caribbean, we’re reminded that gas prices could experience some jolts in the second half of the summer should a storm threaten refining capacity in Texas or Louisiana.”

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.