Average retail gasoline prices in Nashville fell 2.4 cents per gallon during the past week, averaging $3.78 per gallon as of yesterday, according to gasoline price website NashvilleGasPrices.com.
This compares with the national average that fell 1.4 cents per gallon (to $3.89) during the week.
Gasoline prices in the Nashville market most recently dropped during the week of March 5-11.
Nashville-area gas prices Sunday were 10.6 cents per gallon higher than on the same day in 2011 and were 10 cents per gallon higher than they were four weeks ago. The national average increased 9.1 cents per gallon during the last four weeks and stands 9.3 cents per gallon higher than on this day one year ago.
"The only thing I remain sure of with gasoline prices is that things will remain quite volatile the next four to six weeks," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a release. "Spot prices, a leading factor in retail gasoline prices, continues to swing wildly from region to region. Last week we saw a refinery fire on the West Coast drive up spot prices nearly instantaneously, an event that could occur in virtually any area. It's these events, the unforeseeable reaction, that gives me reason to say that prices may continue to swing upward and downward.”
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.