Average retail gasoline prices in Tennessee have fallen 1.5 cents per gallon in the past week, averaging $3.10/g Sunday, according to GasBuddy’s daily survey of 3,821 gas outlets in Tennessee. This compares with the national average that has fallen 2.5 cents per gallon in the last week to $3.30/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Tennessee during the past week, prices yesterday were 8.3 cents per gallon lower than the same day one year ago and are 10.8 cents per gallon lower than a month ago. The national average has decreased 13.8 cents per gallon during the last month and stands 5.8 cents per gallon lower than this day one year ago.
“We’ve begun to see retail prices eroding at a much faster rate in the last few days across a good portion of the country,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “48 out of 50 states saw average prices decline in the last week, with some of the largest declines in the Midwest, where more and more stations are slipping under the $3/gallon barrier. Motorists should be seeing continued drops in gas prices across much of the United States in the week ahead as gas prices catch up to the recent decrease in crude oil prices.”