Gas Prices Drop 6.4 Cents In Chattanooga

Monday, February 19, 2018

Average retail gasoline prices in Chattanooga have fallen 6.4 cents per gallon in the past week, averaging $2.26 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 5.4 cents per gallon in the last week to $2.51 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 24.4 cents per gallon higher than the same day one year ago and are 1.2 cents per gallon higher than a month ago.

The national average has decreased 2.5 cents per gallon during the last month and stands 23.4 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on Feb. 19 in Chattanooga have ranged widely over the last five years:
$2.02 per gallon in 2017, $1.51 in 2016, $2.15 in 2015, $3.12 in 2014 and $3.58 in 2013.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.27, down 5.4 cents per gallon from last week's $2.32.
State of Tennessee- $2.31, down 5.1 cents per gallon from last week's $2.37.
Huntsville- $2.30, down 3.9 cents per gallon from last week's $2.34.

"For the second straight week, average gasoline prices fell, with nearly every state declining week-over-week as retail gas prices saw more catching up to the previous decline in crude oil prices," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "The trend may not be over just yet, but oil prices have rebounded from their lows and are again strengthening, which may cut the party at the pump short in the weeks ahead. Worth watching is U.S. shale oil production values which continue to increase, which may limit oil's rally moving forward, but dead ahead on the calendar is still turnaround season at the nation's refiners which promises at least some short-term pain for long-term gain."