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NASHVILLE — Gas prices across Tennessee fell an average of four cents over the past week, bringing the state’s average gas price to $2.76 per gallon. While this marks an increase of three cents from one month ago, it remains nine cents lower than the same time last year.

“For the last three weeks, Tennessee gas prices have stuck to a trend of either rising or falling by four cents each week,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “A handful of states saw significant movement in their state gas price averages over last week. However, many states, like Tennessee, saw more minimal changes in pump pricing. Tennessee is starting the week as the fifth least expensive market in the nation.”

National Gas Prices

Amid the threat of tariffs, the national average for a gallon of gas increased by four cents over the past week, reaching $3.13.

According to new data from the Energy Information Administration (EIA), gasoline demand slightly increased from 8.30 million barrels per day (b/d) to 8.32 million b/d. Meanwhile, total domestic gasoline supply rose from 248.9 million barrels to 251.1 million barrels, though gasoline production declined, averaging 9.2 million barrels per day.

On Monday, the national average of $3.13 per gallon is seven cents higher than a month ago but five cents lower than one year ago.

National Oil Market Dynamics

At the close of Wednesday’s formal trading session, West Texas Intermediate (WTI) crude oil dropped $1.67, settling at $71.03 per barrel. The EIA reported that crude oil inventories rose by 8.7 million barrels last week, bringing total U.S. crude oil supplies to 423.8 million barrels—approximately 5% below the five-year average for this time of year.

Tennessee Regional Prices

• Most expensive metro markets: Johnson City ($2.86), Jackson ($2.82), Kingsport ($2.81)

Least expensive metro markets: Chattanooga ($2.66), Clarksville ($2.67), Cleveland ($2.69)