Gas Prices Drop 4.4 Cents In Chattanooga

Monday, December 11, 2017

Average retail gasoline prices in Chattanooga have fallen 4.4 cents per gallon in the past week, averaging $2.10 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 2.5 cents per gallon in the last week to $2.45 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 11.7 cents per gallon higher than the same day one year ago and are 10.8 cents per gallon lower than a month ago.

The national average has decreased 11.2 cents per gallon during the last month and stands 23.9 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on Dec. 11 in Chattanooga have ranged widely over the last five years:
$1.98 per gallon in 2016, $1.71 in 2015, $2.36 in 2014, $3.13 in 2013 and $3.10 in 2012.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.19, down 5.4 cents per gallon from last week's $2.24.
State of Tennessee- $2.22, down 3.5 cents per gallon from last week's $2.26.
Huntsville- $2.21, down 0.4 cents per gallon from last week's $2.21.

"With the exception of some Great Lakes states where prices tend to be volatile, average gas prices moved lower in nearly the entire country in the last week," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "Thank a large build in gasoline inventories and gasoline demand numbers that have finally seen a reprieve from levels that were more consistent with summer months than autumn. With OPEC extending its oil production cuts, there is solid evidence that U.S. oil producers will fill in at least some of the void with rig counts remaining strong. As the focus continues to broaden beyond the rest of the year, motorists who found this year's gas prices high may want to begin setting aside some additional funds for next year as all signs continue to point to higher prices than this year."