The state average is $2.23, which is 2 cents more than last week, 3 cents more than last month and 15 cents more than last year, according to AAA. The national average is $2.57, which is one penny less than last week, a nickel less than one month ago and 15 cents more than this time last year.
Most states saw minimal movement at the pump in the last week, AAA reported. Several saw decreases of up to 4 cents, while fewer than a dozen states saw gas prices increase.
“Since the end of October, gasoline demand has mostly decreased as gasoline stocks have mostly increased, paving the way for cheaper gas prices,” said Jeanette Casselano, AAA spokesperson, in a press release. “AAA expects stocks to continue to grow and drive gas prices even cheaper through year-end.”
• Johnson City ($2.29)
• Kingsport-Bristol ($2.27)
Most expensive gas prices in the state
• Jackson ($2.37)
• Morristown ($2.37)
• Nashville ($2.35)
Least expensive gas prices in the state
• Cleveland ($2.19)
• Clarksville-Hopkinsville ($2.24)
• Chattanooga ($2.25)
What about oil?
At the close of Friday’s formal trading session on the New York Mercantile Exchange, West Texas Intermediate crude increased by 77 cents to settle at $59.20, AAA reported.
Crude prices rose after reports emerged that the Organization of the Petroleum Exporting Countries (OPEC) and its partners announced an agreement to cut crude production by an additional 500,000 barrels per day to help maintain prices amid market fears of slowing global demand.
To view daily gas price averages, visit www.GasPrices.AAA.com.