Average retail gasoline prices in the Nashville area fell 5.3 cents per gallon during the past week, averaging $3.64 per gallon as of Sunday, according to gasoline price website NashvilleGasPrices.com.
This compares with the national average of $3.81, a drop of 4.3 cents.
Nashville prices Sunday were 33.3 cents per gallon higher than they were on the same day one year ago and 5.9 cents per gallon higher than they were four weeks ago. The national average has increased 8.8 cents per gallon during the last four weeks and stands 29 cents per gallon higher than on this day one year ago.
“The national average has begun to drop nicely over the last week, and while it certainly doesn't feel like much, it is noteworthy," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a release. "Oil prices were all over the map last week, closing in on $100 per barrel one day and dropping to $92/bbl later in the week. I've probably had more double takes watching oil prices in the last week than I've had all summer. Watching oil prices last week was as wild as watching the Detroit Tigers try to take a division lead over the White Sox.”
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.