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Gas Prices Drop 3.3 Cents In Chattanooga

  • Monday, August 27, 2018
Gasoline prices in Chattanooga have fallen 3.3 cents per gallon in the past week, averaging $2.48 per gallon on Monday, according to GasBuddy's daily survey of 170 stations in Chattanooga. This compares with the national average that is unchanged  versus last week to $2.83 per gallon, according to GasBuddy.

Average gasoline prices on Aug.
27 in Chattanooga have ranged widely over the last five years:
$2.07 per gallon in 2017, $2.02 in 2016, $2.05 in 2015, $3.17 in 2014 and $3.24 in 2013. 

Including the change locally during the past week, prices on Monday were 41.4 cents per gallon higher than a year ago and are 4.2 cents per gallon lower than a month ago. The national average has dropped 2.4 cents per gallon during the last month and stands 46.9 cents per gallon higher than a year ago.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.50, down 3.0 cents per gallon from last week's $2.53.
State of Tennessee- $2.56, down 2.0 cents per gallon from last week's $2.58.
Huntsville- $2.53, down 1.5 cents per gallon from last week's $2.55.

"Gas prices nationally saw little change in the last week as oil prices saw a mini-resurgence back to $69 per barrel, stifling the broad relief we saw at pumps the week prior," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "With Labor Day dead ahead, we may see a small rise in the national average this week, depending on oil's move, but largely, this seems like the last week we'll see elevated prices as demand is set to drop with the conclusion of Labor Day weekend. The Atlantic remains quiet, so there's little chance of a major disruption for the time being, with the overall consensus that we'll soon see prices falling once again across most of the country."
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