Gas Prices Rise 0.8 Cents In Chattanooga

Monday, December 30, 2013

Average retail gasoline prices in Chattanooga have risen 0.8 cents per gallon in the past week, averaging $3.04 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.29 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Chattanooga during the past week, prices on Sunday were 1.2 cents per gallon lower than the same day one year ago and are 12.5 cents per gallon lower than a month ago. The national average has increased 4.0 cents per gallon during the last month and stands 2.2 cents per gallon higher than this day one year ago.

"The sub $3/gallon gas was great while it lasted, but unfortunately it has nearly completely dried up," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "As of lateSunday night, zero states were seeing their averages under $3/gallon. As the New Year rolls in, this is a type of trend that we're used to seeing. The bottom is behind us and prices generally begin the New Year on a higher note, like they will again this year. The trend won't last forever though, as January and February feature generally weak demand that should limit increases and keep prices relatively moderate for the next month or two."


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