Gas Prices Climb By Seven Cents

NASHVILLE (January 31) - Average gasoline prices in Tennessee have risen 7.3 cents per gallon in the last week, averaging $3.08 per gallon Monday, according to GasBuddy's survey of 3,821 stations in Tennessee. Prices in Tennessee are 11.9 cents per gallon higher than a month ago and stand 86.8 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $2.77 per gallon Sunday, while the most expensive was $3.89 per gallon, a difference of $1.12 per gallon.

The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.34 per gallon Monday. The national average is up 6.8 cents per gallon from a month ago and stands 92.8 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Tennessee and the national average going back 10 years:

January 31, 2021: $2.21/g (U.S. Average: $2.42/g)

January 31, 2020: $2.21/g (U.S. Average: $2.47/g)

January 31, 2019: $2.02/g (U.S. Average: $2.27/g)

January 31, 2018: $2.40/g (U.S. Average: $2.59/g)

January 31, 2017: $2.06/g (U.S. Average: $2.27/g)

January 31, 2016: $1.60/g (U.S. Average: $1.80/g)

January 31, 2015: $1.89/g (U.S. Average: $2.05/g)

January 31, 2014: $3.07/g (U.S. Average: $3.27/g)

January 31, 2013: $3.22/g (U.S. Average: $3.43/g)

January 31, 2012: $3.36/g (U.S. Average: $3.44/g)

Neighboring areas and their current gas prices:

Chattanooga - $3.05/g, up 11.2 cents per gallon from last week's $2.94/g.

Nashville - $3.15/g, up 9.5 cents per gallon from last week's $3.05/g.

Huntsville - $3.03/g, up 4.1 cents per gallon from last week's $2.99/g.

“The price of oil pushed into territory unseen in over seven years as WTI crude hit $88 per barrel, which continues to drag gasoline prices higher. With continued concerns over geopolitical tensions and crude oil supply, the small yet noticeable increases are likely to continue," said Patrick De Haan, head of petroleum analysis at GasBuddy. "The only factor keeping gas prices from rising more substantially is that gasoline demand remains low as winter storms keep motorists closer to home. Once the weather starts to turn and warm gradually, we'll lose the only restraint to larger price increases."

GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.