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NASHVILLE — Gas prices across Tennessee rose by an average of seven cents over the past week, with the statewide average now sitting at $2.74 per gallon, according to AAA – The Auto Club Group. This is five cents higher than a month ago and three cents more than this time last year.

Despite the recent increase, Tennessee drivers spent less on average at the pump in 2024 compared to 2023. The average gas price in 2024 was $2.95 per gallon, 20 cents lower than the 2023 average of $3.15 per gallon. Additionally, gas prices in 2024 did not reach the highs seen in 2023. The highest daily average in 2024 was $3.34 per gallon, compared to $3.50 per gallon in 2023.

“Last week we saw crude oil prices trending higher, which is likely why we’re seeing a slight increase at the pump to start the new year,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “We typically see gas prices stay at less expensive levels in the winter months before gradually rising heading into the busy summer travel season.”

National and Regional Gas Prices

The national gas price average is currently $3.06 per gallon, up four cents from last month but two cents cheaper than one year ago.

In Tennessee, regional gas prices vary by metro market:

• Most Expensive Metro Markets: Nashville ($2.80), Morristown ($2.76), Memphis ($2.75)
• Least Expensive Metro Markets: Clarksville ($2.64), Chattanooga ($2.70), Kingsport ($2.70)

Tennessee’s gas prices remain well below the national average, but drivers are encouraged to keep an eye on fluctuations as the year progresses.