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Gas Prices Drop 8.2 Cents In Chattanooga

  • Monday, December 29, 2014
Average retail gasoline prices in Chattanooga have fallen 8.2 cents per gallon in the past week, averaging $2.06 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has fallen 9.6 cents per gallon in the last week to $2.28 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 98.5 cents per gallon lower than the same day one year ago and are 42.7 cents per gallon lower than a month ago.
The national average has decreased 50.6 cents per gallon during the last month and stands 100.5 cents per gallon lower than this day one year ago.

“The dramatic decline at the pump continues to reap significant savings for the motoring public- over $525 million less spent every day versus this past summer, or $375 million less than the same time last year,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “The slump in crude oil has wavered slightly and we're in the fourth quarter of the game. However, there is still a chance that crude prices resume their slump again, and carry the pump plunge into overtime."

Gas prices have fallen $1.85 per gallon in Michigan since June 28, the largest drop in the nation. Following close behind: Kentucky, down $1.66 per gallon, Indiana, down $1.62 per gallon, Ohio, down $1.61 per gallon, and Illinois, down $1.60 per gallon over the same time frame. More statistics can be found at media.gasbuddy.com.
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