Tennessee gas prices continue to decline, average drops to $2.78

Published 3:27 pm Monday, October 28, 2024

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NASHVILLE – Gas prices across Tennessee continued their steady decline this past week, dropping by an average of one cent. The state’s average gas price now stands at $2.78 per gallon — one cent higher than a month ago but down 33 cents from this time last year.

“We’re still seeing lower crude oil prices in the market, which likely means continued lower prices at the pump for Tennesseans,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “While we can’t rule fluctuation out completely, tepid gasoline demand and low oil costs should help to keep pump prices low in the short term.”

Nationally, the average gas price is currently $3.13, marking a nine-cent drop from last month and a 37-cent decrease from a year ago.

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In Tennessee, the most expensive metro areas include Jackson ($2.85), Johnson City ($2.83), and Nashville ($2.82). Meanwhile, Morristown ($2.70), Knoxville ($2.72), and Chattanooga ($2.73) rank as the least expensive metro areas for gas.