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Tennessee gas prices jump to highest since March

For the first time since March, Tennessee motorists are finding prices at the pump over $2 per gallon. Tennessee gas prices, on average, continue to trend upward, rising another six cents over last week. The Tennessee Gas Price average  is now $2.04 which is nearly 15 cents more than one month ago and 28 cents less than one year ago.

 The average price in Coffee County is even higher at $2.09 – five cents higher than the state average. 

Tennesseans who took a holiday road trip for Christmas found the lowest gas prices in two years. Tennessee gas prices averaged $2.03 on Christmas Day. That put pump prices 28 cents less than Christmas 2019 and the lowest since 2018, when pump prices averaged $2.04 per gallon.

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“December has seen the biggest pump price jump of any month this year, ending with a state average 14 cents higher than it began,” said Megan Cooper, spokeswoman, AAA – The Auto Club Group. “Despite low demand, pump prices are more expensive because crude oil has seen steady gains.”

Quick Facts

· 50% of Tennessee gas stations have prices below $2.00
· The lowest 10% of pump prices are $1.86 for regular unleaded
· The highest 10% of pump prices are $2.29 for regular unleaded
· Tennessee moved to the 10th least expensive market in the nation
· Tennessee ranks 6th in the nation’s top 10 largest weekly increases

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