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AAA report: Gas prices trickle lower; volatility still expected

Johnson City Press • Jul 23, 2018 at 7:38 PM

Gas prices declined for the 10th consecutive day Sunday, according to a Monday AAA report.

Gas prices fell 2 cents last week, bringing the average Tennessee price to $2.61 per gallon of regular unleaded gas. Sunday’s state average is half a cent less than a month ago, yet 56 cents more than this time last year.  

As of now, the average gas price in Johnson City is $2.57 per gallon. The national average stands at $2.84 per gallon, 2 cents less than a month ago.

"Oil prices averaged $3-5 less than the previous three weeks, allowing gas prices to lose value," AAA spokesman Mark Jenkins said in a press release.

"Although prices are lower, there is still volatility at the pump as gasoline demand remains high during the summer driving season and global supply concerns persist."

Other facts:

• The most expensive gas price averages in Tennessee are in Jackson ($2.67), Memphis ($2.64), and Nashville ($2.63).

• The least expensive gas price averages in Tennessee are in Cleveland ($2.52), Chattanooga ($2.54), and Clarksville-Hopkinsville ($2.56)

For more information on local, state and national gas price market trends, visit www.gasprices.aaa.com.

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