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AAA: TN Gas Prices Up by One Penny

By Ciphertek Systems Jun 1, 2020 | 5:00 AM

The Tennessee gas price average continues to increase slowly and is only a penny higher this week. The Tennessee Gas Price average is now $1.71 which is 17 cents more than one month ago and nearly 79 cents less than one year ago. The national gas price average is $1.97, just one penny more expensive than last week. Part of the incremental jump can be attributed to increases in gasoline demand, which saw a 7% week-over-week increase. However, demand is still down nearly 25% compared to last year, according to the Energy Information Administration’s (EIA) latest reports. Monday’s national average is 20 cents more than a month ago, but 85 cents less than a year ago.