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NASHVILLE — Tennessee gas prices fell an average of four cents over the past week, bringing the state’s average to $2.75 per gallon. That price is two cents lower than a month ago and 20 cents cheaper than this time last year.

“Tennessee gas prices are continuing their pattern of fluctuating up and down within the same range of pricing,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “Right now, the state gas price average is cheaper than last week, one month ago, and one year ago. This is a nice break for drivers ahead of an expected seasonal rise in gas prices over the next few months as spring refinery maintenance season usually peaks in late February and into March.”

National Gas Prices

Most drivers across the country saw little change at the pump last week, with the national average for a gallon of gas falling by two cents to $3.14.

According to new data from the Energy Information Administration (EIA), gasoline demand dropped from 8.57 million barrels per day to 8.23 million, while total domestic gasoline supply fell slightly from 248.1 million barrels to 247.9 million. Gasoline production also declined, averaging 9.2 million barrels per day.

On Monday, the national average of $3.14 per gallon is one cent higher than a month ago but 12 cents lower than a year ago.

National Oil Market Dynamics

At the close of Wednesday’s formal trading session, West Texas Intermediate (WTI) crude oil increased by 40 cents, settling at $72.25 per barrel. The EIA reported that U.S. crude oil inventories rose by 4.6 million barrels last week, bringing the total to 432.5 million barrels—about 3% below the five-year average for this time of year.

Tennessee Regional Prices

• Most expensive metro markets: Johnson City ($2.82), Jackson ($2.82), Memphis ($2.80)

Least expensive metro markets: Chattanooga ($2.62), Clarksville ($2.67), Cleveland ($2.67)