Drivers in Tennessee are paying an average of $2.30 per gallon for regular unleaded, AAA reported. Monday's state average is 8 cents more than a week ago, 27 cents more than this time last month and within fractions of a cent of the price this time last year.
Tennessee isn't the only state to see week-over-week price jumps. Twenty-five other states’ averages increased at least a nickel during that time, according to AAA. The national average is also headed upward but is still 4 cents less than this time last year.
“Pump prices will continue to increase in coming weeks, but AAA does not expect this year’s high to be nearly as expensive as last year’s peak price of $2.97,” said Jeanette Casselano, AAA spokesperson, in a press release.
• Johnson City ($2.28)
• Kingsport-Bristol ($2.28)
Most expensive gas prices in the state
• Jackson ($2.34)
• Nashville ($2.33)
• Knoxville and Morristown ($2.29)
Least expensive gas prices in the state
• Chattanooga ($2.25)
• Clarksville-Hopkinsville ($2.26)
• Cleveland ($2.27)
What about oil?
For the last three weeks, gasoline stocks have gradually decreased, while demand has started to increase and crude oil prices have been fluctuating, AAA reported.
Combined, these factors are driving up gas prices across the country. If stocks continue to decline, gas prices can be expected to continue to increase.
To view daily gas price averages, visit GasPrices.AAA.com.