Tennessee gas prices drop six cents, averaging $2.79 per gallon

Published 2:23 pm Monday, October 21, 2024

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NASHVILLE — Gas prices across Tennessee dropped by six cents, on average, over the past week. The state’s average gas price now stands at $2.79 per gallon, which is two cents higher than a month ago but 31 cents lower than one year ago.

“Gas prices are moving in a much more favorable direction for drivers, likely due to both crude oil and gasoline futures prices dropping last week,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “We’ll likely see some fluctuation in our gas prices this week, but lower oil prices should help to keep a ceiling on prices at the pump in the short term.”

National Gas Prices
The national average for a gallon of gas on Monday is $3.17, four cents less than a month ago and 38 cents less than this time last year.

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Tennessee Regional Prices

  • Most expensive metro markets: Jackson ($2.86), Johnson City ($2.86), Memphis ($2.83)
  • Least expensive metro markets: Morristown ($2.71), Chattanooga ($2.72), Knoxville ($2.74)