Gas prices in Memphis, TN
Average today
$4.29/gal
Versus national
−0.04vs $4.33 US avg
below the national average
About gas prices in Memphis, TN
Memphis benefits from local refining capacity: Valero's Memphis refinery supplies about 195,000 barrels per day to the metro and surrounding region. Pipeline access via Plantation, Colonial, and TEPPCO adds supply flexibility. Tennessee state gas tax is moderate at around 26 cents per gallon. Conventional gasoline (no reformulated requirement) keeps supply costs lower than coastal markets. Memphis typically runs close to the PADD 2 average and below most Southeast metros. Drivers in suburbs (Germantown, Collierville, Bartlett) typically see 5 to 10 cents per gallon savings versus downtown Memphis. Warehouse club density is moderate, with Costco locations in Germantown and Collierville posting the lowest pricing.