NASHVILLE, Tenn. (CLARKSVILLENOW) – Tennessee gas prices are approaching their lowest levels of the year, and motorists should see additional discounts this week, according to AAA.
Just as retailers cut prices on Black Friday, the price of crude also dropped by more than 10 percent – for concerns that strong global oil production will overpower demand.
Gas prices in Tennessee averaged $2.34 per gallon on Sunday, after dropping 8 cents in the past week. The average price in Tennessee has declined the past 45 consecutive days for a total discount of 35 cents. The lowest average price so far this year was $2.26/g, on January 1.
Average prices are at or near 2018-lows in metro areas like Chattanooga, Cleveland, Jackson, Knoxville, and Memphis.
The national average price of $2.56 per gallon is 7 cents less than last week, nearly 30 cents less than last month, and the lowest daily average since March. Sunday’s U.S. average price was 7 cents more than this year’s low, of $2.49 set in January. However, the national average should drop below that point within the next week.