Tennessee gas prices continued their downward trend last week, falling three cents, on average. The Tennessee Gas Price average is now $2.68, which is 10 cents less expensive than one month ago and 11 cents less than one year ago.

National Gas Prices

The national average for a gallon of regular gasoline could reach the 3-dollar mark for the first time in 4 years. Since last week, the national average has dropped five cents to $3.03. Several factors are behind the drop, including falling crude oil prices, lower gasoline demand, and cheaper winter-blend gasoline at the pump. The tropics have been relatively quiet, and storm activity hasn’t had an impact on gas prices.

According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.91 million

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