Gas prices are continuing to rise across the state, jumping 21 cents, on average, over last week. The Tennessee Gas Price average is now $3.38 which is 29 cents more expensive than one month ago but 41 cents less than one year ago. The biggest factor behind the recent surge in gas prices is the price of crude oil, which has risen 15% over the past five weeks. Record-breaking heat has also caused a reduction in fuel output at Gulf Coast refineries, adding additional upward pressure on pump prices.
The national average for a gallon of gas has risen 16 cents since last week to $3.75.