Published: 8/10/2022

TENNESSEANS ARE NOW FINDING THE CHEAPEST PRICES AT THE PUMP SINCE EARLY MARCH. GAS PRICES ACROSS THE STATE FELL NEARLY 16 CENTS, ON AVERAGE, OVER LAST WEEK, CONTINUING AN EIGHT WEEK TREND OF FALLING PUMP PRICES. THE TENNESSEE GAS PRICE AVERAGE IS NOW $3.62 WHICH IS 81 CENTS LESS EXPENSIVE THAN ONE MONTH AGO AND 73 CENTS MORE THAN ONE YEAR AGO.  THIS WEEK, TENNESSEANS CAN LIKELY EXPECT ANOTHER WEEK OF DECLINING GAS PRICES. HOWEVER, IT'S WORTH REMEMBERING THAT THE FUEL MARKET HAS PROVEN TO BE EXTREMELY VOLATILE THIS YEAR, AND TRENDS CAN CHANGE RATHER QUICKLY IF SOMETHING REIGNITES CONCERNS ABOUT FUEL SUPPLIES. TENNESSEE IS THE 6TH LEAST EXPENSIVE MARKET IN THE NATION, WITH THE NATION AVERAGE BEING $4.05 PER GALLON.