Gas Prices Drop 3 Cents In Chattanooga

  • Monday, February 8, 2016
Average retail gasoline prices in Chattanooga have fallen 3.0 cents per gallon in the past week, averaging $1.49 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 5.2 cents per gallon in the last week to $1.74 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 49.8 cents per gallon lower than the same day one year ago and are 18.8 cents per gallon lower than a month ago.
The national average has decreased 24.6 cents per gallon during the last month and stands 43.4 cents per gallon lower than this day one year ago.


According to GasBuddy historical data, gasoline prices on February 8 in Chattanooga have ranged widely over the last five years: $1.99/gallon in 2015, $3.03/gallon in 2014, $3.33/gallon in 2013, $3.39/gallon in 2012 and $2.94/gallon in 2011.

Areas nearby Chattanooga and their current gas price climate:
Knoxville- $1.57, down 4.5 cents per gallon from last week's $1.61.
 Tennessee- $1.56/gallon, down 4.2 cents per gallon from last week's $1.60.
 Huntsville- $1.57/gallon, down 3.2 cents per gallon from last week's $1.60.

"Gasoline prices continue to plunge coast to coast as refiners continue to churn out winter-spec gasoline that will soon need to be purged," said Patrick DeHaan, GasBuddy senior petroleum analyst. "While crude oil prices have held above recent lows, gasoline fundamentals continue to be remarkably weak as refiners continue to churn out winter-spec gasoline, incentivized by cheap crude oil. This has put retail gasoline prices under tremendous pressure as gasoline inventories rise to their highest January level since records started in 1990. Refiners will continue selling any winter spec gasoline at bargain basement prices to rid themselves of it before specifications change heading into summer. In the days ahead, expect this seasonal "clearance sale" of gasoline to continue, leading to lower prices in most areas. But, don't get too relaxed- the shift in specifications will lead to an eventual lift in prices once winter gasoline is gone.”
Latest Headlines
Business/Government
Rain Barrel Distribution Day Will Be May 4
  • 3/18/2024

The Chattanooga Stormwater Division announces its annual Rain Barrel Distribution Day will take place on Saturday, May 4, from 9 a.m.-1 p.m. at the Development Resource Center, 1250 Market St. ... more

February Tennessee Revenues Were Less Than Budget Estimates
  • 3/18/2024

Tennessee Department of Finance and Administration Commissioner Jim Bryson on Monday announced that February revenues were less than budgeted estimates. Overall February state revenues were $1.325 ... more

WCSO To Hold Awards And Recognition Ceremony March 20
  • 3/18/2024

The Walker County Sheriff’s Office will have an awards and recognition ceremony on Wednesday at 6:30 p.m. at the Walker County Civic Center, 10052 N. Highway 27 in Rock Spring. Civilian ... more