Gas prices across Tennessee have risen by five cents on average, as reported by the American Automobile Association (AAA). This increase, noted last week, brings the statewide average to $2.49 per gallon. Despite this recent uptick, prices remain one cent lower than they were a month ago. Furthermore, current prices are 31 cents less than they were at this time last year, indicating a year-over-year decrease.
In terms of regional variations, Nashville holds the title for the most expensive metro market in the state, with gas prices currently at $2.59 per gallon. This price exceeds the statewide average. Conversely, Kingsport and Morristown are the least expensive markets, where prices have been recorded at $2.42 per gallon. Other notable locations contributing to the pricing landscape in Tennessee include Cleveland, Jackson, and Knoxville, each reflecting diverse pricing trends across the state.
Fluctuations in gas prices can significantly impact various sectors, including transportation and local economies. While the current average shows a slight increase, the year-over-year decrease may offer some relief to consumers who have been facing rising costs in other areas of their lives.
As the state navigates these changes in fuel pricing, residents and businesses will be monitoring the situation closely. The AAA continues to provide updates on gas prices, helping consumers stay informed about fuel costs in their respective areas.
Overall, the recent rise in gas prices underscores the ongoing volatility in the market, influenced by factors such as supply chain issues and shifts in demand. As Tennessee residents fill their tanks, they will be acutely aware of current pricing trends and how they compare to previous months and years.
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