no avatar

Tennessee gas prices fall as national average holds steady

Staff Report • Jan 14, 2020 at 1:30 PM

NASHVILLE — Despite geopolitical concerns, gas prices in Tennessee dropped slightly last week, while the national average held steady.

Tennessee’s average gas price is $2.36, which is 3 cents less than last week, 6 cents higher than one month ago and 37 cents higher than one year ago, according to AAA. The national average has held steady at $2.58 since the beginning of the year.

“A healthy and growing level of domestic gasoline stocks alongside decreasing demand are two factors helping to minimize gas price fluctuations,” said Jeanette Casselano, AAA spokesperson, in a press release. “In the last week, about 32 states saw pump prices push less expensive by just a penny or two or saw no change at all.”

Local averages

• Kingsport-Bristol ($2.30)

• Johnson City ($2.32)

Most expensive gas prices in the state

• Jackson ($2.40)

• Morristown ($2.40)

• Nashville ($2.40)

Least expensive gas prices in the state

• Cleveland ($2.19)

• Chattanooga ($2.26)

• Clarksville-Hopkinsville ($2.27)

What about oil?

At the close of Friday’s formal trading session on the New York Mercantile Exchange, West Texas Intermediate crude dropped by 52 cents to settle at $59.04, AAA reported.

Crude prices decreased last week after rising sharply following increased tension between the U.S. and Iran. With the U.S. announcing economic sanctions instead of additional military strikes against Iran, prices fell as tension began to ease. If tension continues to cool in the region this week, crude prices could decrease further.

To view daily gas price averages, visit www.GasPrices.AAA.com.