Middle Tennessee drivers see significant range in cost of gas
Drivers in Metro Nashville are experiencing crazy differences in gas prices from one side of the city to the other.
In some cases, prices vary as much as 50-cents a gallon at stations no more than a mile or two apart.
At the Exxon on Rosa Parks in Metrocenter, gas is $2.82 a gallon.
A few miles away at the Citgo in East Nashville, it's $2.25 a gallon.
The further out of the city you go, the more drastic the change.
Head to Lebanon and you'll find gas for $1.99 a gallon.
Over on West End, it's $2.89.
Take Enrique Delreal, for example, who was grabbing a few gallons downtown Wednesday to head back home to Murfreesboro.
"I've just got to get some gas to get home, there's a big difference between Nashville and Murfreesboro, here's it's $2.75 and in Murfreesboro it's $2."
It's an issue that's confusing and annoying to a lot of us.
According to analysts at GasBuddy, wholesale gas prices have been plummeting since October, anywhere from 50 to 80 cents a gallon.
Not all stations are lowering their prices at the same rate in response, which creates "pockets" of low prices based on competition.
"What happens to bring up these discrepancies, is some stations are passing along the lower prices faster than others, and stations that have brought prices down very low, their competitoes nearby are often forced to match their prices," says Patrick DeHaan, Senior Petroleum Analyst.
What's more, not all stations buy their gas from the same place, at the same price.
In Nashville alone there are more than 15 suppliers.
Analysts also say some stations just don't have the incentive to lower their prices.
If they can get away with charging a higher amount, they will.
It just depends on what their sales strategy is.