Gas Prices Drop 1.5 Cents In Chattanooga

Monday, February 6, 2017

Average retail gasoline prices in Chattanooga have fallen 1.5 cents per gallon in the past week, averaging $1.98 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 0.7 cents per gallon in the last week to $2.26 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Chattanooga during the past week, prices yesterday were 49.2 cents per gallon higher than the same day one year ago and are 11.0 cents per gallon lower than a month ago.

The national average has decreased 10.9 cents per gallon during the last month and stands 51.6 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on February 6 in Chattanooga have ranged widely over the last five years:
$1.49 per gallon in 2016, $2.00 in 2015, $3.03 in 2014, $3.33 in 2013, and $3.34 in 2012.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.00, down 1 cent per gallon from last week's $2.01.
State of Tennessee- $2.05, down 1.1 cents per gallon from last week's $2.07.
Huntsville- $2.06, down 0.9 cents per gallon from last week's $2.07.

"Gasoline prices nationally have continued their typical seasonal trajectory lower,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. "Gasoline inventories have continued to show impressive gains lately, limiting the effects of rising oil prices on gasoline prices for the time being. While the majority of states (37) saw average gasoline prices decline, thirteen saw prices advancing, especially in the Great Lakes- thanks to the region's price cycling mechanisms. Gasoline prices should continue to remain relatively low during the next week, but Wednesday's weekly report from the Energy Information Administration will be a major key to understand when the bulk of refinery season has begun and what impact that will have on gasoline inventories."