Gas prices set for week of declines

Staff Reports • Updated Oct 6, 2017 at 8:00 AM

NASHVILLE – Tennessee gas prices Sunday averaged $2.47. 

The state average dropped 5 cents during the past week. Since peaking Sept. 10 at $2.60, the state average declined 21 consecutive days for a total of 13 cents. 

Despite the recent downturn, motorists are spending an average of 33 cents more at the pump than this time last year.

The most expensive gas price averages in Tennessee were in Nashville at $2.54, Clarksville-Hopkinsville at $2.49 and Johnson City-Kingsport-Bristol at $2.47. The least expensive gas price averages in Tennessee were in Memphis at $2.39, Knoxville at $2.45 and Chattanooga at $2.45.

“No need to rush to the pump, gas prices should get even cheaper as the week progresses,” said Mark Jenkins, spokesman for AAA. “Prices are still inflated after hurricanes Irma and Harvey but will keep falling as refinery operations, supplies, imports and exports return to normal. Pump prices have another 20 cents to fall before reaching equilibrium. Expect another 5-10 cent drop this week.”

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