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AAA report: Gas prices lower than week ago, remain 26 cents over last year

Johnson City Press • Updated Mar 12, 2018 at 6:23 PM

According to a press release from AAA released Monday, motorists visiting the gas pump will find prices that are cheaper than a week ago after Tennessee gas prices declined 1.5 cents last week.

The state average gas price for regular unleaded gas is now $2.31, which is 8 cents less than a month ago but still 26 cents more than this time last year.

The most expensive gas in the state is in Jackson and Nashville, with prices standing at $2.35 and $2.34 a gallon. The least expensive gas in the state is $2.22 in Cleveland and $2.24 in Chattanooga.

"Gasoline should slide a few cents more this week, based on last week's decline in wholesale prices," spokesman Mark Jenkins said. ”Pump prices are sliding right now because crude and gasoline output have remained strong. However, gas prices are still forecast to rise 20 cents in the coming months, as demand climbs and refineries switch to summer-blend gasoline."

Despite the recent decline, gas has averaged the highest price for March in four years. On average, motorists are paying $3 more for a full tank compared to this time last year. Crude oil prices are $14 more per barrel.

For more information on daily national, state and metro gas prices, visit www.gasprices.aaa.com. 

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