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AAA report: state average same as last month, 50 cents more than last year

Johnson City Press • Updated Aug 13, 2018 at 5:45 PM

Gas prices in Tennessee declined 2 cents last week, bringing the state average to $2.63 per gallon, the ninth lowest in the nation. 

According to a Monday AAA report, Sunday and Monday’s average price of $2.63 is the same as last month and 50 cents more than this time last year. While gas prices went down in Tennessee, they climbed in other states like Florida. 

"Strong demand pushed gas prices higher in some states last week, as families squeezed in one final vacation before the kids go back to school," AAA spokesman Mark Jenkins said.

"However, the most recent figures from the EIA show gasoline demand is beginning to slip, which relieves some of that upward pressure on prices at the pump.

"Traditionally, gas prices decline in the second half of the year, due to lower demand," Jenkins said. "However, oil analysts forecast significant volatility in the oil market through the end of the year, leaving a big question mark for the long-term direction of prices at the pump."

• The most expensive gas price averages in Tennessee are in Jackson ($2.69), Nashville ($2.68) and Memphis ($2.65)

• The least expensive gas price averages in Tennessee are in Kingsport-Bristol ($2.55), Chattanooga ($2.56), and Johnson City ($2.58)

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

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