Gas Prices Continue Decline; Still Volatile

Diesel Pricing Remains Above $5 Per Gallon Mark

NASHVILLE (August 8) - Average gasoline prices in Tennessee have fallen 16.1 cents per gallon in the last week, averaging $3.58 per gallon Monday, according to GasBuddy's survey of 3,821 stations in Tennessee. Prices in Tennessee are 72.2 cents per gallon lower than a month ago and stand 73 cents per gallon higher than a year ago. The national average price of diesel has declined 13.1 cents in the last week and stands at $5.14 per gallon.

According to GasBuddy price reports, the cheapest station in Tennessee was priced at $3.12 per gallon Sunday, while the most expensive was $4.90 per gallon, a difference of $1.78 per gallon.

The national average price of gasoline has fallen 15.8 cents per gallon in the last week, averaging $4.01 per gallon Monday. The national average is down 68.7 cents per gallon from a month ago and stands 83.6 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:

August 8, 2021: $2.85/g (U.S. Average: $3.18/g)

August 8, 2020: $1.86/g (U.S. Average: $2.17/g)

August 8, 2019: $2.39/g (U.S. Average: $2.66/g)

August 8, 2018: $2.62/g (U.S. Average: $2.87/g)

August 8, 2017: $2.13/g (U.S. Average: $2.36/g)

August 8, 2016: $1.89/g (U.S. Average: $2.12/g)

August 8, 2015: $2.31/g (U.S. Average: $2.60/g)

August 8, 2014: $3.24/g (U.S. Average: $3.47/g)

August 8, 2013: $3.36/g (U.S. Average: $3.58/g)

August 8, 2012: $3.45/g (U.S. Average: $3.65/g)

Neighboring areas and their current gas prices:

Chattanooga - $3.46/g, down 16.0 cents per gallon from last week's $3.62/g.

Nashville - $3.52/g, down 18.2 cents per gallon from last week's $3.70/g.

Huntsville - $3.69/g, down 11.2 cents per gallon from last week's $3.80/g.

"The national average is poised to fall back under $4 per gallon as early as today (Monday) as we see the decline in gas prices enter its eighth straight week. By the end of the week, one hundred thousand stations will be at $3.99 or less," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Diesel continues to decline as well, and will likely soon fall under $5 per gallon. We've even seen nearly a dozen stations in low-priced states fall under $2.99, a welcome return to some lucky motorists in areas of Texas, Oklahoma, Kansas and Iowa. The groundwork is laid for a ninth week of decline, with areas of the West Coast soon ditching the $5 per gallon average. While I'm upbeat the drop can continue for another couple weeks, we're starting to see some activity in the tropics, which may increase risk of potential disruption."

To watch average prices decline in real time, visit http://prices.GasBuddy.com, and click newsroom to find the press release after it happens.

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.