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24/7 Wall St.: States with the Cheapest Gas

4. Tennessee

Regular gas price per gallon: $3.54

Tax per gallon: 21.4 cents (15th lowest)

Number of operating refineries: 1

As of the second quarter of this year, no state was cheaper to live in than Tennessee. One major reason for the state’s low relative cost of living was its low transportation costs, despite starting 2012 with four consecutive months of gas price increases. Although the state has just one refinery, the price of gas is 24 cents per gallon below the national average price. In the past month, gas prices in Tennessee have fallen by 12 cents a gallon, one of the largest decreases in the country.

(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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