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Gas Prices Rise 8.4 Cents In Chattanooga

  • Monday, May 23, 2016
Average retail gasoline prices in Chattanooga have risen 8.4 cents per gallon in the past week, averaging $2.09 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 6.1 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 39.2 cents per gallon lower than the same day one year ago and are 16.9 cents per gallon higher than a month ago.
The national average has increased 15.1 cents per gallon during the last month and stands 46.1 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 23 in Chattanooga have ranged widely over the last five years:
$2.49 in 2015, $3.45 in 2014, $3.23 in 2013, $3.34 in 2012 and $3.65 in 2011.

Areas nearby Chattanooga and their current gas price climate:
Knoxville- $2.12, up 7.6 cents per gallon from last week's $2.04.
State of Tennessee- $2.11, up 6.9 cents per gallon from last week's $2.05.
Huntsville- $2.07, up 3.7 cents per gallon from last week's $2.03.

"With crude oil prices rallying over the past 6 weeks, reaching the highest point that we've seen since November ($48.50/ barrel) before Friday's close, we should expect wholesale and retail gasoline prices to rise further," said Gregg Laskoski, senior petroleum analyst for GasBuddy.

"The good news for consumers is that even with the recent increases in the price at the pump, on average we're still paying about 45 cents less per gallon this year versus last.  And in California the state average is $1 less than last year... that should please anyone with travel plans this summer!"
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