Tennessee Has Seen A 51.5% Increase In Gas Prices Since Last Year

Image Credit: Mike Mozart / CC

By Stacker [CC BY-NC 4.0 License] –

The national average price for a gallon of regular gasoline broke records repeatedly during the first two weeks of May, according to the American Automobile Association. AAA is a privately held not-for-profit national member association and service organization with more than 60 million members in the United States and Canada. AAA’s nationwide survey on gas prices found that, as of May 16, 2022, nearly every state has passed the $4 per gallon price.

Gas price fluctuations—up 30.8% per gallon in the U.S. from one year ago—are felt on a personal level, but they’re often influenced by sudden events and major policy shifts across the country and world. Natural disasters like hurricanes that shut down refineries along the Gulf of Mexico—where roughly half of America’s crude oil is processed—can drive prices up almost immediately. As during the First Gulf War with Iraq in 1990-91 or with Russia’s invasion of Ukraine in February, military conflicts involving oil-producing countries can also cause ripple effects worldwide.

The cost of crude oil, set by global supply and demand, is the country’s most significant determinant for gas prices. Currently, high seasonal demand, rebounding travel in the wake of COVID-19 restrictions, weak domestic output, and international sanctions against Russia—a massive player in the global oil market—are all contributing to ever-increasing prices at the pump.

Route-planning app Routific examined AAA data to see how gas prices have changed in every state over the past year, including in our nation’s capital in response to global events. States on the East Coast have seen the most painful price increases at the pump.

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Tennessee by the numbers

– Regular gas price increase since July 2021: +51.5% (+$1.49 per gallon)
– Midgrade gas price increase since July 2021: +47.8% (+$1.54 per gallon)
– Premium gas price increase since July 2021: +43.4% (+$1.55 per gallon)
– Diesel gas price increase since July 2021: +78.9% (+$2.42 per gallon)

States with the largest gas price increases since last year

#1. Arizona: +63.6% regular gas price increase since July 2021 (+$1.98 per gallon)
#2. Massachusetts: +59.7% regular gas price increase since July 2021 (+$1.80 per gallon)
#3. New Hampshire: +59.4% regular gas price increase since July 2021 (+$1.77 per gallon)
#4. Vermont: +59.4% regular gas price increase since July 2021 (+$1.80 per gallon)
#5. Missouri: +59.0% regular gas price increase since July 2021 (+$1.66 per gallon)

This story originally appeared on Routific and was produced and distributed in partnership with Stacker Studio.

2 thoughts on “Tennessee Has Seen A 51.5% Increase In Gas Prices Since Last Year

  • July 19, 2022 at 5:56 pm
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    And the lawmakers want the taxpayers of Tennessee to pay for a new titans football stadium. What do we get as taxpayers? Oh that’s right we will get a break on renewing our vehicle registration. To the tune of 23 dollars and change per renewal! Wow I don’t know what I am going to do with that money. I know one thing it won’t do is fill up my vehicle. Maybe gov. lee should help the taxpayers of Tennessee first before he helps private owners of sports teams. It’s always easier to spend other peoples money.
    In God we trust nongovernment or man. Have a blessed day.

    Reply
  • July 19, 2022 at 10:44 pm
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    I’m extremely disappointed in our state government that has the ability to help us with this inflation by removing the tax on food and fuel for more than one weekend. We have a surplus All that seems to be important is Blue Oval City, a new Titans stadium and in Hamilton county that ridiculous new stadium for the Lookouts. Talk to us when times are better. Did I mention that this IS an election year. RINOS go home.

    Reply

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