Gas Prices Remain The Same In Chattanooga

Tuesday, May 30, 2017

Average retail gasoline prices in Chattanooga have not moved in the past week, averaging $2.00 per gallon on Monday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has fallen 0.6 cents per gallon in the last week to $2.36 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Chattanooga during the past week, prices on Monday were 13.7 cents per gallon lower than the same day one year ago and are 7.9 cents per gallon lower than a month ago.

The national average has decreased 1.9 cents per gallon during the last month and stands 3.5 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 30 in Chattanooga have ranged widely over the last five years:
$2.14 per gallon in 2016, $2.47 in 2015, $3.42 in 2014, $3.20 in 2013 and $3.24 in 2012.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.08, down 1.2 cents per gallon from last week's $2.09.
State of Tennessee- $2.10, up 0.3 cents per gallon from last week's $2.09.
Huntsville- $2.10, flat from last week's $2.11.

"With the summer driving season officially started, gasoline prices stand just a few cents higher than where they started last summer, an impressive feat," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. "Surprisingly, Ohio, Indiana, Illinois, Michigan, Georgia, Kentucky, Tennessee, North Carolina, South Carolina, Alabama, Maine, Missouri and Iowa just witnessed the cheapest Memorial Day at the pump since 2005, a major feat. With the national average now seeing minor decline and roughly at the same point it was a week ago, summer gas prices are shaping up to be quite a bit lower than previous expectations and similar to what we saw last summer. This sets up a great summer season to hit the road, pointing to rising U.S. oil production in the midst of oil production cuts from OPEC for the stable prices."