Gas Prices Drop 4.5 Cents In Chattanooga

Monday, October 1, 2012

Average retail gasoline prices in Chattanooga have fallen 4.5 cents per gallon in the past week, averaging $3.50 per gallon on Sunday. This compares with the national average that has fallen 2.4 cents per gallon in the last week to $3.79 per gallon, according to gasoline price website

Including the change in gas prices in Chattanooga during the past week, prices Sunday were 26.9 cents per gallon higher than the same day one year ago and are 8.3 cents per gallon lower than a month ago. The national average has decreased 0.8 cents per gallon during the last month and stands 33.2 cents per gallon higher than this day one year ago.

"In the last few years, we've typically seen a seasonal downward trend at the gas pump as the cooler temperatures invade," said Senior Petroleum Analyst Patrick DeHaan. "We just haven't seen any sort of real decline at the pump yet this autumn. This year has seen one of the warmest ever- temperatures and gasoline prices alike. High temperatures have been blamed on global warming, perhaps we're seeing a long term "pump warming" equivalent at retail pumps. Either way, the small drop in gasoline prices isn't to the satisfaction of many, and I don't see enough relief to satisfy the majority of American motorists any time soon."

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