Tennessee gas prices continued to decline over last week, falling nine cents on average. Tennessee also moved to the third least expensive market in the country. The Tennessee Gas Price average is now $2.82 which is 20 cents less expensive than one month ago and 55 cents less than one year ago.
After idling over the Labor Day weekend, the national average for a gallon of gas resumed its pace of daily declines by falling six cents since last week to $3.27. Key contributors are low gas demand and the plunging cost of oil, which is struggling to stay above $70 a barrel.