Memphis Standard

The average cost for a gallon of regular gas in or near zip code 38118 for the week of August 17-23 is $1.79, according to GasBuddy.com. The lowest price is $1.75.

In greater Memphis, the average price is $1.97 and the lowest price is $1.66. Trends show the price as down.

The average price of unleaded gas in the state is $1.938 per gallon. The previous week, the state average was $1.95 per gallon. The average has decreased since last month, when it was $1.982 per gallon – a 4.4 cent difference.Last year, the average price for a gallon of gas was $2.554.

Data is accurate as of press time, but gas prices have been known to fluctuate on a daily, and even hourly, basis.