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AAA: Gas price average drops 14 cents in Coffee County

According to AAA the average price for a gallon of regular unleaded gasoline in Coffee County is $3.11. That price is 3 cents below the state average and 48 cents below the national average, which is $3.59.

One year ago today, Tennesseans were paying an average of $4.64 per gallon – the highest recorded average price for the state. Fortunately, the gas prices seen across the state today are nowhere near the record highs of last year. Over last week, Tennessee gas prices fell an average of four cents. The Tennessee Gas Price average is now $3.14 which is two cents less expensive than one month ago and $1.50 less than one year ago.  

“We’re still seeing quite a bit of volatility in gas prices across the country, but thankfully for us here in Tennessee the fluctuations have been favorable for drivers,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “Even though Summer hasn’t officially begun, the driving season is off to a roaring start. Gasoline demand figures over the last few weeks have been stronger than what we saw at this same time last year. Despite increased demand, it’s likely that pump price increases could be held in check if the cost of crude oil remains low.”

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Quick Facts

  • 17% of Tennessee gas stations have prices below $3.00 
  • The lowest 10% of pump prices are $2.93 for regular unleaded 
  • The highest 10% of pump prices are $3.47 for regular unleaded
  • Tennessee is the 5th least expensive market in the nation

National Gas Prices

For the first time since 2021, domestic gasoline demand was over 9 million barrels daily for a third straight week. Yet despite the robust numbers, pump prices only moved slightly higher as the low cost of oil is countering a spike for now. The national average for a gallon of gas has risen four cents since last week to $3.59. 

According to new data from the Energy Information Administration (EIA), gas demand increased slightly from 9.1 to 9.22 million b/d last week. Meanwhile, total domestic gasoline stocks rose by 2.7 million bbl to 218.8 million bbl. Although gas demand increased, increasing stocks and fluctuating oil prices have contributed to limiting increases. 

Today’s national average of $3.59 is five cents more than a month ago but $1.42 less than a year ago.

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