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AAA: Gas prices drift lower in Tennessee

Johnson City Press • Updated Aug 20, 2018 at 5:20 PM

While the average American is still paying about 50 cents more for gas than this time last year, prices are beginning to decline, according to a Monday AAA report. 

Sunday and Monday’s national average was $2.84 per gallon of regular unleaded gas, a fall of 2 cents from last week. On Sunday, Tennessee gas prices declined for the 16th consecutive day, bringing the average to $2.61 per gallon. On Monday, the average price declined once again to $2.60. 

Still, Tennesseans are paying about 47 cents more than this time last year, analysts said. 

"Prices declined last week after crude inventories grew and gasoline supplies remained stable, despite strong demand," AAA spokesman Mark Jenkins said. "Although demand was higher than the week before, it remains below most of July.

“Summer driving season is winding down, yet many Americans will take one final road trip during Labor Day weekend. The sudden jump in gasoline demand could cause one final bump in prices at the pump."

– The most expensive gas price averages in Tennessee are in Jackson ($2.67), Nashville ($2.66), and Memphis ($2.64)

– The least expensive gas price averages in Tennessee are in Cleveland ($2.53), Chattanooga ($2.54), and Kingsport-Bristol ($2.55)

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

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