Average retail gasoline prices in the Nashville area fell 0.9 cents per gallon during the past week, averaging $3.66 per gallon as of Sunday, according to gasoline price website NashvilleGasPrices.com.
This compares with the national average of $3.81, a rise of 1.3 cents.
Nashville prices Sunday were 19.1 cents per gallon higher than they were on the same day one year ago and 18.8 cents per gallon higher than they were four weeks ago. The national average has increased 14.6 cents per gallon during the last four weeks and stands 14.9 cents per gallon higher than on this day one year ago.
“Even with Isaac long gone, the oil industry is still bringing capacity back online at refineries and oil rigs, which is keeping pressure on prices," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a release. "Supply remains tight across the country as we slowly approach the transition to winter-spec gasoline, but I continue to be firm in believing that the national average will start to decline towards the end of September, as is typically the case.”
GasBuddy operates NashvilleGasPrices.com and more than 250 similar websites that track gasoline prices at approximately 140,000 gasoline stations in the United States and Canada.