Tennessee drivers are now paying an average price of $2.22 per gallon for regular unleaded, AAA reported. Monday's state average is 3 cents more than a week ago, 19 cents more than this time last month and 10 cents less than this time last year.
The national average has increased nearly 20 cents since the beginning of the year, the largest jump during the January-February timeframe since 2015. Even so, Monday’s average of $2.42 is about 10 cents less than this time last year.
“Pump prices have been pushed higher this week due to reduced gasoline stock levels and increased demand,” said Jeanette Casselano, AAA spokesperson, in a press release. “Motorists can expect gas prices to continue to increase as refineries gear up for spring gasoline production and maintenance season.”
Most expensive gas prices in the state
• Jackson ($2.27)
• Nashville ($2.26)
• Kingsport-Bristol ($2.22)
Least expensive gas prices in the state
• Chattanooga ($2.17)
• Cleveland ($2.18)
• Clarksville-Hopkinsville, Knoxville and Morristown ($2.19)
What about oil?
Moving into this week, crude prices may rise on optimism that the U.S. and China are closer to a deal that resolves the ongoing trade spat between two of the world’s largest economies, according to AAA.
The ongoing tightened oil supply – due largely to OPEC’s 1.2 million barrel-per-day production reduction agreement – and decreased crude exports from Venezuela and Iran could also help push prices higher.
To view daily gas price averages, visit GasPrices.AAA.com.