Tennessee Gas Prices Drop 5 Cents to $4.12 as Summer Demand Keeps Pumps Elevated
Updated
Updated · WTVC · May 26
Tennessee Gas Prices Drop 5 Cents to $4.12 as Summer Demand Keeps Pumps Elevated
9 articles · Updated · WTVC · May 26
$4.12 a gallon is Tennessee’s new statewide average, down 5 cents in a week after prices briefly hit $4.21 last week.
AAA said stronger summer travel demand and oil-market disruptions tied to the Strait of Hormuz are still supporting fuel prices, keeping the state’s Memorial Day average at a four-year high of $4.14.
$4.00 gas in Chattanooga kept it among Tennessee’s cheapest metro markets, while Knoxville and Nashville remained above $4.16.
Even after the pullback, Tennessee prices are still 39 cents higher than a month ago and $1.37 above a year earlier, versus a $4.49 national average.
Beyond the pump, which everyday goods will see price hikes due to the Hormuz shipping crisis?
Does the Hormuz crisis reveal the true cost of our global dependence on oil?
What happens if the U.S. Navy directly challenges Iran's control of the Strait of Hormuz?