Gas Prices Drop 2.5 Cents In Chattanooga

Monday, March 12, 2018

Average retail gasoline prices in Chattanooga have fallen 2.5 cents per gallon in the past week, averaging $2.21 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 1 cent 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 21.1 cents per gallon higher than the same day one year ago and are 12.2 cents per gallon lower than a month ago.

The national average has decreased 5.0 cents per gallon during the last month and stands 22.0 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on March 12 in Chattanooga have ranged widely over the last five years:
$2.00 per gallon in 2017, $1.76 in 2016, $2.14 in 2015, $3.18 in 2014 and $3.50 in 2013.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.26, down 2.4 cents per gallon from last week's $2.28.
State of Tennessee- $2.28, down 1.5 cents per gallon from last week's $2.30.
Huntsville- $2.26, down 1.8 cents per gallon from last week's $2.28.

"Oil prices remain volatile yet several dollars off recent highs. Gasoline prices remain in somewhat of a limbo as a result, with a mixed bag at pumps across the United States," said Patrick DeHaan, head of petroleum analysist for GasBuddy. "Thus far, we have seen a market that's lacked solid upward movement when it usually sees exactly that. This could lend weight to oil prices being too high, but at the same time, we continue to see if any major disruptions occur at U.S. refineries to offset any devaluation in the price of oil. So far the balance is in the middle, but threats remain in the months ahead- we're still expecting a surge, so motorists aren't off the hook by any means yet."