Gas prices in Tennessee have fallen for the third consecutive week, dropping an average of 9 cents per gallon.
The state average is now $3.71 per gallon, 24 cents lower than a month ago, according to AAA. However, prices are still $1.07 higher than they were at this time last year.
The average Tennessee driver is paying about $55 to fill a 15-gallon tank, compared with roughly $39 a year ago.
“Tennessee drivers are seeing some welcome relief at the pump, with prices down nearly a quarter since early October,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “Regardless of where prices go next, drivers can help make every gallon go further by shopping around, maintaining their vehicle and practicing fuel-efficient driving habits.”
The national average for regular gasoline also fell over the past week, dropping 12 cents to $4.22 per gallon.
According to the Energy Information Administration, gasoline demand decreased from 8.98 million barrels per day to 8.38 million last week. Domestic gasoline supplies increased from 205.3 million barrels to 209.2 million barrels, while production decreased from 9.75 million barrels per day to 9.24 million.
At the close of Wednesday’s trading session, West Texas Intermediate crude oil rose $2.88 to settle at $102.78 per barrel. U.S. crude oil inventories decreased by 1.9 million barrels to 410.6 million barrels, 4% below the five-year average.
Among Tennessee’s metro areas, Memphis had the highest average price at $3.86 per gallon, followed by Jackson at $3.83 and Nashville at $3.70.
Chattanooga had the lowest average at $3.50 per gallon, followed by Clarksville at $3.51 and Cleveland at $3.58.
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