Gas prices across the state are moving more expensive, rising 10 cents, on average, over last week. The Tennessee Gas Price average is now $3.65 which is five cents more expensive than one month ago and 92 cents more expensive than one year ago. That price is 41 cents below the national average of $4.06.
In our listening area, Moore County is the most expensive gas at $3.79 per gallon. Warren County is the second most expensive gas at $3.77 per gallon. Next closest is Cannon County at $3.69, Coffee and Franklin County each at $3.68 per gallon and Bedford County at $3.67.
The best price in our listening area is up on the mountain in Grundy County, where gas comes in at $3.58 per gallon.
While prices are up, the average price in Tennessee is nearly the best in the country, ranking 7th cheapest. Louisiana at $3.56 per gallon is the cheapest. California at $5.58 is by far the highest, 40 cents above the next highest state in the continental US.
“Crude oil prices moved higher over last week amid renewed uncertainty in the global oil market,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “Drivers can expect to see additional fluctuations in pump pricing through this week. While pump prices remain volatile, drivers can still save money every time they fill up by enrolling in fuel savings programs, shopping around for the best gas prices in their community and ensuring their vehicle is properly maintained.”
How to Save on Gasoline
- Combine errands to limit driving time.
- Drive conservatively. Avoid aggressive acceleration and speeding. This reduces fuel economy.
- Remove excess weight in your vehicle. Every 100 pounds can lower fuel economy by 1-2 percent.
- Shop around for the best gas prices in your community by using the AAA mobile app.
- Pay with cash. Some retailers charge more per gallon for customers who pay with a credit card.
AAA Resources for Drivers
- Find the lowest gas prices in your area by using the free AAA mobile app.
- Determine fuel costs for your trip by using the AAA’s Gas Cost Calculator.
- Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon on each additional trip to the pump. Click here for more information.
- Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
National Gas Prices
The national average for a gallon of regular gasoline is back on the rise after a week of falling prices. Today’s national average is back up to $4.06 after dropping to $4.00 last Monday. Crude oil prices are once again in the $80 per barrel range amid continued uncertainty along the Strait of Hormuz. While gasoline demand is down, crude oil prices are keeping pump prices higher than normal for this time of year. So far, this is the highest August on record when it comes to the national gasoline average.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 9.03 million barrels per day to 8.96 million. Total domestic gasoline supply decreased from 209.7 million barrels to 208.7 million. Gasoline production also decreased, averaging 9.6 million barrels per day.
National Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI rose 7 cents to settle at $83.27 a barrel. The EIA reports that crude oil inventories increased by 17.4 million barrels from the previous week. At 424.4 million barrels, U.S. crude oil inventories are about 2% below the five-year average for this time of year.
The post Gas prices jump 10 cents over past week in Tennessee appeared first on Thunder Radio.
