Gas Prices Continue to Fall

NASHVILLE (July 11) - Average gasoline prices in Tennessee have fallen 13 cents per gallon in the last week, averaging $4.27 per gallon Monday, according to GasBuddy's survey of 3,821 stations in Tennessee. Prices in Tennessee are 37.2 cents per gallon lower than a month ago and stand $1.41 per gallon higher than a year ago. The national average price of diesel has declined 8.5 cents in the last week and stands at $5.65 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $3.77 per gallon Sunday, while the most expensive was $5.34 per gallon, a difference of $1.57 per gallon.

The national average price of gasoline has fallen 12.8 cents per gallon in the last week, averaging $4.66 per gallon Monday. The national average is down 34.4 cents per gallon from a month ago and stands $1.54 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:

July 11, 2021: $2.85/g (U.S. Average: $3.13/g)

July 11, 2020: $1.91/g (U.S. Average: $2.19/g)

July 11, 2019: $2.47/g (U.S. Average: $2.77/g)

July 11, 2018: $2.61/g (U.S. Average: $2.89/g)

July 11, 2017: $2.00/g (U.S. Average: $2.25/g)

July 11, 2016: $2.01/g (U.S. Average: $2.22/g)

July 11, 2015: $2.51/g (U.S. Average: $2.76/g)

July 11, 2014: $3.40/g (U.S. Average: $3.63/g)

July 11, 2013: $3.29/g (U.S. Average: $3.52/g)

July 11, 2012: $3.10/g (U.S. Average: $3.38/g)

Neighboring areas and their current gas prices:

Chattanooga - $4.11/g, down 15.2 cents per gallon from last week's $4.26/g.

Nashville - $4.31/g, down 12.3 cents per gallon from last week's $4.43/g.

Huntsville - $4.26/g, down 11.0 cents per gallon from last week's $4.37/g.

“The national average has declined for 27 days straight, or four weeks, the longest decline in average gas prices since the pandemic started in 2020. Average gas prices are down nearly 40 cents, with Americans shelling out $140 million less on gasoline every day than they did a month ago," said Patrick De Haan, head of petroleum analysis at GasBuddy. "We may see the trend last a fifth week, as long as oil prices remain cooperative and don't surge beyond $105 per barrel, and as long as refinery production of gasoline remains strong. But we're not completely out of the woods yet - we could also see a sharp reversal in the decline. There remains risk of a spike in prices that could send us to new record levels in August, should any disruptions occur. It could be a wild ride, but for now, the plummet at the pump shall continue."

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.