There was a single gas station in cities across Shelby County selling midgrade gas at the lowest price of $3.34 per gallon in the week ending May 4, according to GasBuddy.com.
The average cost of midgrade gas in cities within Shelby County was $3.61 per gallon.
Of the 171 gas stations in cities within Shelby County, 41 offer midgrade gas.
The average price of midgrade gas in Tennessee was $3.67, compared to $3.62 the week before.
Experts predict gasoline prices could drop below $3 this year before rebounding closer to $4 by year’s end. GasBuddy forecasted a national average of $3.38 per gallon, down from $3.51. An outlook published in late 2023 suggests that gas rates will continue to fall in 2024.
Gas data refers to the price of gas when paid for by cash, not credit. Gas stations can charge drivers more for using credit cards due to surcharge fees. This is prohibited in 10 U.S. states.
While data is accurate as of press time, note that gas prices can fluctuate daily or even hourly.
