Tennessee falls to 12th least expensive market in the nation
PRESS RELEASE FROM GASBUDDY:
NASHVILLE, Tenn., (January 19, 2026) — Gas prices across the state fluctuated higher last week, rising five cents, on average. The Tennessee Gas Price average is now $2.49 which is a penny less expensive than one month ago and 31 cents less than one year ago.
“The last few weeks we’ve seen a cycle of our state gas price average rising one week and declining the next. Thankfully these shifts have been more marginal,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “Even with fluctuating prices, drivers are still seeing pump prices over 30 cents cheaper than this time last year.”
National Gas Prices
The national average for a gallon of regular gas went up a few cents since last week to $2.82. Drivers are still paying less than they were last year when the national average was $3.12. Pump prices are typically low in January thanks to a dip in gas demand and cheaper winter blend gasoline. Crude oil prices remain low as markets keep an eye on tensions in Iran, which is a member of OPEC and one of the world’s top oil producers. Any disruption to Iran’s oil infrastructure could have a ripple effect on gas prices here at home.
According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.17 million b/d to 8.30
National Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI rose 87 cents to settle at $62.02 a barrel. The EIA reports crude oil inventories increased by 3.4 million barrels from the previous week. At 422.4 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.
Tennessee Regional Prices
- Most expensive metro markets – Nashville ($2.59), Cleveland ($2.54), Jackson ($2.54)
- Least expensive metro markets – Kingsport ($2.42), Morristown ($2.42), Knoxville ($2.43)
Tennessee Gas Price Averages
(Price per gallon of regular unleaded gasoline)
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