Nine cents down: Gas prices fall for first time in 2023

TN goes from 8th to tenth least expensive market in the nation
Posted at 3:10 PM, Feb 06, 2023
and last updated 2023-02-06 16:10:35-05

NASHVILLE, Tenn. (WTVF) — The Tennessee gas price average has declined by 9 cents over the past week, to $3.19. This is the first time the average has decreased in five weeks.

The state was previously the eighth least expensive market in the nation for gas. Now, it is the tenth-least expensive.

Of all gas stations in Tennessee, 11% have prices below $3.00, and the lowest 10% of prices are $2.95 for regular unleaded while the highest 10% are $3.50.

The most expensive metro markets are Memphis ($3.26), Nashville ($3.22) and Jackson ($3.20). The least expensive metro markets are Cleveland ($3.14), Clarksville ($3.16) and Kingsport ($3.16).

The national average for a gallon of gas also decreased — by 3 cents — to $3.47. Supply growth has helped limit price increases.

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