Gas Prices Fall 1.5 Cents In Chattanooga
Monday, May 19, 2014
Average retail gasoline prices in Chattanooga have fallen 1.5 cents per gallon in the past week, averaging $3.46 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has not moved in the last week to $3.62 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 26.4 cents per gallon higher than the same day one year ago and are 0.5 cents per gallon lower than a month ago. The national average has not moved during the last month and stands 5.0 cents per gallon lower than this day one year ago.
"The drop that we had observed in the national average weeks ago took a pause over the last week," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Oil prices have perked back up, and some supply tightness across areas of the country helped propel wholesale gasoline prices higher last week, leading retail prices to hold steady instead of continuing to decline. The temporary stability in the national average will ebb over the next week or two, and gas prices will head down again as we approach Memorial Day."