Gas Prices Drop 1.6 Cents In Chattanooga

Monday, February 23, 2015

Average retail gasoline prices in Chattanooga have fallen 1.6 cents per gallon in the past week, averaging $2.14 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has increased 4.7 cents per gallon in the last week to $2.29 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 98.8 cents per gallon lower than the same day one year ago and are 31.4 cents per gallon higher than a month ago.

The national average has increased 26.6 cents per gallon during the last month and stands 111.5 cents per gallon lower than this day one year ago.

“The seasonal lift in gasoline prices remains well underway across the country, with the West Coast seeing the most excruciating rate of price increases," said Patrick DeHaan, senior petroleum analyst with GasBuddy. “Not only is the national average up some 27 cents per gallon versus last month, but some areas- like California- are seeing extra hits at the pump as a refinery explosion and seasonal gasoline requirements leading to a home run- and not for the home team," DeHaan said.

California easily won the "home run" contest, with gasoline prices rising over an average of 15 cents per gallon in the last week alone. Following close behind was Nevada, up over 11cents per gallon, Delaware, up 11cents per gallon, as well as other West Coast states Oregon and Washington- up 10 cents per gallon, while Arizona was in the running for a double digit increase as well. And those along the West Coast should be prepared for another rocky week, according to DeHaan, who said prices in California will rise at least another 15-25 cents per gallon over the next two weeks while Oregon, Washington, and Arizona will see similar spikes.

Meanwhile, nearby the West Coast, the Rocky Mountain region- home to the only two remaining states enjoying sub $2 per gallon averages- enjoyed the nation's lowest gasoline prices. Utah, Idaho, Montana, and Wyoming had the cheapest averages in the United States, with South Carolina taking the fifth spot. But if past history is any guide, motorists may see price increases slowing down- last year, the national average increased just 13 cents per gallon between Feb. 23 and March 23, a much smaller increase than what motorists have seen during the last month.