2017 Tennessee gas prices could hit new low this week
NASHVILLE, Tenn.--AAA says Tennesseans can expect the lowest gas prices of the year this week.
According to the motor club group, Sunday's $2.05 average price per gallon is nine cents less than this time last year and marked the 20th consecutive day of declining prices. If prices continue to decline, it will mark the lowest point this year.
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Falling oil prices combined with high U.S. and global refinery production are to thank for the falling prices according to AAA spokesman Mark Jenkins. The national average is also 4 cents lower than this time last year with an average of $2.296 per gallon.
Despite the drop, Nashville still has some of the most expensive costs in the state with an average of $2.09 per gallon, followed by Memphis ($2.08) and Clarksville-Hopkinsville ($2.05).
The least expensive prices are in Chattanooga ($1.95), followed by Johnson City-Kingsport-Bristol ($2.03), and Knoxville ($2.04).