CORONAVIRUS LOCAL NEWS UPDATES

U.S., Iran tensions influencing global oil market

NASHVILLE — Motorists in Tennessee and other Southern states are seeing prices rise at the gas pump.

Tennessee’s average gas price is $2.39, which is 7 cents more than a week ago, 6 cents more than a month ago and 41 cents more than a year ago. Gas prices in the South and Southeast are averaging more than a year ago, according to AAA.

The national average held steady on the week at $2.58, but that could change depending on the movement of crude oil prices due to geopolitical concerns.

Most expensive gas prices in the state

Nashville ($2.44)

Knoxville ($2.42)

Morristown ($2.41)

Least expensive gas prices in the state

Cleveland ($2.20)

Chattanooga ($2.31)

Clarksville-Hopkinsville ($2.31)

Escalated tensions between the U.S. And Iran raise the possibility that global crude supplies could be disrupted.

As market concerns over geopolitical risks increase, crude prices have increased amid uncertainty over how long tensions may continue to rise in the region. Crude prices may rise further this week if tensions continue to mount.

To view daily gas price averages, visit www.GasPrices.AAA.com.