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AAA: TN seeing cheapest Memorial Day gas prices in nearly 2 decades

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Posted at 3:25 PM, May 18, 2020
and last updated 2020-05-18 16:25:06-04

NASHVILLE, Tenn. (WTVF) — The American Automobile Association says Tennessee is the tenth least expensive market for gas prices in the nation.

Officials say, prices at the pump may be inching higher, but this Memorial Day weekend is expected to the cheapest they've been in almost two decades.

The Tennessee Gas Price average is now $1.63 which is only a two cent increase over last week and three cents higher than one month ago. To keep things in perspective, Tennesseans are still experiencing gas prices that are 92 cents cheaper compared to this time last year.

"However, as the country continues to practice social distancing, this year’s unofficial kick-off to summer is not going to drive the typical millions of Americans to travel,” said Megan Cooper, spokesperson, AAA - The Auto Club Group. “Despite inexpensive gas prices, AAA anticipates this year’s holiday will likely set a record low for travel volume.”

As the economy beings bouncing back from the continued COVID-19 pandemic, gas prices are also increasing across the country with nearly every state’s average pushing more expensive on the week, on average by four cents. At the start of the Memorial Day work week, the national gas price average is $1.87.

The last time the national gas price average leading into the holiday was under $2/gallon was 17 years ago in 2003. That year motorists paid, on average, $1.50 to fill-up. Gas prices this year won’t be as cheap as 2003, but today’s national average is a dollar cheaper than one year ago.