Gas Prices See Only Slight Decrease

NASHVILLE (April 4) - Average gasoline prices in Tennessee have fallen 5.4 cents per gallon in the last week, averaging $3.96 per gallon today, according to GasBuddy's survey of 3,821 stations in Tennessee. Prices in Tennessee are 21.5 cents per gallon higher than a month ago and stand $1.29 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $3.45 per gallon Sunday, while the most expensive was $4.99 per gallon, a difference of $1.54 per gallon.

The national average price of gasoline has fallen 5.4 cents per gallon in the last week, averaging $4.17 per gallon Monday. The national average is up 25.5 cents per gallon from a month ago and stands $1.31 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:

April 4, 2021: $2.67/g (U.S. Average: $2.86/g)

April 4, 2020: $1.66/g (U.S. Average: $1.90/g)

April 4, 2019: $2.50/g (U.S. Average: $2.73/g)

April 4, 2018: $2.46/g (U.S. Average: $2.66/g)

April 4, 2017: $2.11/g (U.S. Average: $2.35/g)

April 4, 2016: $1.88/g (U.S. Average: $2.06/g)

April 4, 2015: $2.12/g (U.S. Average: $2.39/g)

April 4, 2014: $3.39/g (U.S. Average: $3.57/g)

April 4, 2013: $3.41/g (U.S. Average: $3.63/g)

April 4, 2012: $3.77/g (U.S. Average: $3.93/g)

Neighboring areas and their current gas prices:

Chattanooga - $3.89/g, down 5.9 cents per gallon from last week's $3.95/g.

Nashville - $4.01/g, down 5.7 cents per gallon from last week's $4.06/g.

Huntsville - $3.92/g, down 5.3 cents per gallon from last week's $3.97/g.

“Oil prices fell last week as Covid cases in China surged, prompting restrictions on movements and hurting oil demand. Meanwhile, President Biden's announcement that the U.S. would be releasing 180 million barrels from the Strategic Petroleum Reserve caused an even further decline in oil, leading gas prices in nearly all areas of the country to fall over the last week," said Patrick De Haan, head of petroleum analysis at GasBuddy. "So long as oil prices remain under $100 per barrel and there's no escalations in Russia's war on Ukraine, we may be poised to see gas prices decline again this week as the U.S. and other countries try to raise oil supply to tip prices lower."

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.