AAA: Gas prices fall again over last week

Second cheapest start to the month of August in over a decade

NASHVILLE, Tenn., (August 10, 2020) — Gas prices, on average, dropped three cents across Tennessee over the last week. The Tennessee Gas Price average  is now $1.89 which is five cents less than one month ago and nearly 50 cents less than one year ago. 

“As we move into the second week of the August, it is pricing out to be the second cheapest start to the month in more than a decade,” said Megan Cooper, spokesperson, AAA – The Auto Club Group. “Gas prices have high potential to push cheaper, especially with many school districts planning for virtual learning. This could drive demand down in the weeks ahead as school starts at-home.”

Quick Facts

  • 91% of Tennessee gas stations still have prices below $2.00
  • The lowest 10% of pump prices are $1.68 for regular unleaded
  • The highest 10% of pump prices are $2.20 for regular unleaded
  • Tennessee remains the 9th least expensive market in the nation

National Gas Prices

On the week, the majority of states saw gas prices decrease minimally – by one to two cents or saw no change at the pump. Though low, the volatility was enough to drive the national average down a penny from last Monday to $2.17. Today’s average is two cents less than last month and 49 cents cheaper than a year ago.

In the latest Energy Information Administration (EIA) weekly report, gas demand fell from 8.8 million b/d to 8.6 million b/d while stocks held steady at 247 million bbl.

Tennessee Regional Prices

  • Most expensive metro markets –  Memphis ($1.96), Jackson ($1.95), Nashville ($1.94)
  • Least expensive metro markets – Knoxville ($1.83), Chattanooga ($1.83), Cleveland ($1.84)

Tennessee Gas Price Averages

(Price per gallon of regular unleaded gasoline)

vcsPRAsset_522440_105553_279a6033-181d-4f41-a971-72bcb183d553_0MondaySundayWeek AgoMonth AgoOne Year Ago
Tennessee$1.893$1.897$1.923$1.945$2.392
Chattanooga$1.831$1.846$1.897$1.950$2.279
Knoxville$1.828$1.829$1.848$1.891$2.393
Memphis$1.960$1.954$1.967$1.970$2.408
Nashville$1.935$1.940$1.974$1.988$2.436
Click here to view current gasoline price averages

About Brad Jones

Brad is the Owner/Operator of BBB TV 12, and has been with the company since August of 1996. Brad is a 1987 graduate of Coalfield High School and a 1995 graduate of the University of Tennessee College of Communications. He won the 1995 broadcast production student of the year award. Brad worked at Shop at Home, Inc. a home shopping network that was located in Knoxville, TN from 1993 - 1995 and then at Via TV (RSTV, Inc.) from 1995 - 1996. After some freelance work in Nashville, Brad joined the BBB Communications staff in August of 1996. A short stint at WVLT TV as a news photographer was in 2001, but he continued to work at BBB TV as well. Brad is married to Nicole Jenkins Jones, a 1990 graduate of Oak Ridge High School, who works at Oak Ridge Gastroenterology and Associates in Oak Ridge. They have 3 kids, Trevor Bogard, 27, Chandler 22, and Naomi 13. On December 12, 2013 they welcomed their first grandchild, Carter Ryan Bogard. Brad is also the assistant boys basketball coach at Coalfield High School for the past 11 years. In 2013-14 the Yellow Jackets won their first district title since 1991 and just the 4th in school history.

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