Gas Prices Continue to Fall

NASHVILLE (April 11) - Average gasoline prices in Tennessee have fallen 8.7 cents per gallon in the last week, averaging $3.87 per gallon Monday, according to GasBuddy's survey of 3,821 stations in Tennessee. Prices in Tennessee are 25.3 cents per gallon lower than a month ago and stand $1.21 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $3.42 per gallon Sunday, while the most expensive was $4.69 per gallon, a difference of $1.27 per gallon.

The national average price of gasoline has fallen 7.5 cents per gallon in the last week, averaging $4.10 per gallon Monday. The national average is down 23.3 cents per gallon from a month ago and stands $1.25 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 11, 2021: $2.66/g (U.S. Average: $2.85/g)

April 11, 2020: $1.59/g (U.S. Average: $1.84/g)

April 11, 2019: $2.57/g (U.S. Average: $2.82/g)

April 11, 2018: $2.47/g (U.S. Average: $2.67/g)

April 11, 2017: $2.16/g (U.S. Average: $2.40/g)

April 11, 2016: $1.85/g (U.S. Average: $2.04/g)

April 11, 2015: $2.13/g (U.S. Average: $2.39/g)

April 11, 2014: $3.46/g (U.S. Average: $3.62/g)

April 11, 2013: $3.35/g (U.S. Average: $3.56/g)

April 11, 2012: $3.78/g (U.S. Average: $3.91/g)

Neighboring areas and their current gas prices:

Chattanooga - $3.79/g, down 10.3 cents per gallon from last week's $3.89/g.

Nashville - $3.90/g, down 10.3 cents per gallon from last week's $4.01/g.

Huntsville - $3.86/g, down 5.5 cents per gallon from last week's $3.92/g.

“Gas prices have continued to move in the right direction - down - saving Americans approximately $100 million every day compared to when prices peaked about a month ago. And, more good news is on the horizon: the national average this week will likely fall back under the critical $4 per gallon mark," said Patrick De Haan, head of petroleum analysis at GasBuddy. "It remains possible that gas prices may have hit their 2022 peak, barring the typical caveats like the Russia war on Ukraine, the economy, hurricane season and Covid don't take drastic and unexpected turns. Diesel prices are also falling and likely to go back under the $5 per gallon average this week. The situation for now continues to show signs of improving, with the national average falling back into the $3 range as early as this week."

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.