After two weeks of significant increases at the pump, gas prices increased again in Tennessee, however at a much slower rate, rising only a penny over last week. The Tennessee Gas Price average is now $2.19 which is nearly 17 cents more than one month ago and nearly 10 cents less than one year ago.
Prices in Coffee County are on par with the state average – at $2.19 average. The national average stands at $2.40.
“Tennessee motorist continue to see gas prices increase, but at a much slower rate than the past few weeks,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “Part of this is due to more stable crude oil prices throughout January. If demand continues another week of substantial increases, we could see pump prices get more expensive. However, downward pressure on crude oil prices due to a rise in coronavirus infections and travel restrictions could help to keep crude prices low and limit a substantial increase in pump prices.”
· 74% of Tennessee gas stations have prices below $2.25
· The lowest 10% of pump prices are $2.03 for regular unleaded
· The highest 10% of pump prices are $2.43 for regular unleaded
· Tennessee remains the 10th least expensive market in the nation