NASHVILLE, Tenn., (February 2, 2026) — Despite winter weather affecting a large portion of the state, the state gas price average fell three cents, on average, over last week. The Tennessee Gas Price average is now $2.51 which is a penny less expensive than one month ago and 29 cents less than one year ago.

“Although portions of the state experienced localized gasoline outages due to winter weather and power outages, overall prices remained steady last week,” said Megan Cooper, spokeswoman for AAA – The Auto Club Group. “Prices will likely stay lower in the near term, though some volatility is still possible.”

National Gas Prices

The winter storm that wreaked havoc on most of the nation has led to supply disruptions and pushed up the national average for a gallon of regular gasoline to $2.87. Below-freezing temperatures and lingering snow have disrupted some crude production and refinery operations, while gasoline demand increased pre-storm as drivers filled up their tanks ahead of the severe winter weather. Those factors have led to a rise at the pump over the last week but not enough to match last year’s national average at this time of $3.09.

According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 7.83 million b/d to 8.75 million. Total domestic gasoline supply increased from 257 million barrels to 257.2 million. Gasoline production increased last week, averaging 9.6 million barrels per day.

National Oil Market Dynamics

At the close of Wednesday’s formal trading session, WTI rose 82 cents to settle at $63.21 a barrel. The EIA reports crude oil inventories decreased by 2.3 million barrels from the previous week. At 423.8 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.

Tennessee Regional Prices 

• Most expensive metro markets – Nashville ($2.59), Cleveland ($2.58), Jackson ($2.57)
• Least expensive metro markets – Morristown ($2.38), Knoxville ($2.40), Clarksville ($2.43)

Tennessee Gas Price Averages 
(Price per gallon of regular unleaded gasoline)