Gas Prices Take a Jump in Past Week
NASHVILLE (May 2) – Average gasoline prices in Tennessee have risen 6.5 cents per gallon in the last week, averaging $3.89 per gallon Monday, according to GasBuddy’s survey of 3,821 stations in Tennessee. Prices in Tennessee are 7.7 cents per gallon lower than a month ago and stand $1.22 per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Tennessee was priced at $3.18 per gallon Sunday, while the most expensive was $4.63 per gallon, a difference of $1.45 per gallon.
The national average price of gasoline has risen 6.9 cents per gallon in the last week, averaging $4.17 per gallon Monday. The national average is down 1 cent per gallon from a month ago and stands $1.29 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:
May 2, 2021: $2.67/g (U.S. Average: $2.89/g)
May 2, 2020: $1.50/g (U.S. Average: $1.76/g)
May 2, 2019: $2.59/g (U.S. Average: $2.90/g)
May 2, 2018: $2.60/g (U.S. Average: $2.82/g)
May 2, 2017: $2.13/g (U.S. Average: $2.37/g)
May 2, 2016: $2.05/g (U.S. Average: $2.22/g)
May 2, 2015: $2.39/g (U.S. Average: $2.61/g)
May 2, 2014: $3.50/g (U.S. Average: $3.68/g)
May 2, 2013: $3.25/g (U.S. Average: $3.53/g)
May 2, 2012: $3.62/g (U.S. Average: $3.80/g)
Neighboring areas and their current gas prices:
Chattanooga – $3.80/g, down 1.7 cents per gallon from last week’s $3.81/g.
Nashville – $3.89/g, up 8.2 cents per gallon from last week’s $3.81/g.
Huntsville – $3.82/g, up 0.9 cents per gallon from last week’s $3.81/g.
“Gasoline prices have continued their rally in the last week with oil prices sustaining higher levels, but the real story has been diesel fuel, which has skyrocketed to its highest level ever seen. Diesel is now $1 per gallon or more in many areas compared to gasoline,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The meteoric rise in diesel prices is likely to continue for the first half of the week at least, while gasoline prices could continue to see a slow but steady rise. For now, the rising cost of diesel will surely be felt in the grocery store, hardware store or on your next flight as jet fuel prices accelerate, leading to a continued rise in inflation likely to ripple across the economy.”
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.