Gas Prices Rise 4.4 Cents In Chattanooga

Monday, September 11, 2017

Average retail gasoline prices in Chattanooga have risen 4.4 cents per gallon in the past week, averaging $2.56 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 1.8 cents per gallon in the last week to $2.65 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 60.5 cents per gallon higher than the same day one year ago and are 49.0 cents per gallon higher than a month ago.

The national average has increased 30.4 cents per gallon during the last month and stands 48.1 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on Sept. 11, in Chattanooga have ranged widely over the last five years:
$1.95 per gallon in 2016, $1.91 in 2015, $3.13 in 2014, $3.28 in 2013 and $3.58 in 2012.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.59, up 0.4 cents per gallon from last week's $2.58.
State of Tennessee- $2.59, up 2.9 cents per gallon from last week's $2.56.
Huntsville- $2.49, up 3.7 cents per gallon from last week's $2.45.

"Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week. However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "The national average gasoline price appears to have peaked last week Thursday at $2.67 per gallon and is beginning to slowly decline for the time being. Once again, motorists shouldn't expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector. With summer driving season now over, motorists stand to benefit from falling demand, which will help refineries bring gasoline inventories back to normal and thus gas prices, but as many Americans are now acutely aware, the impact on gas prices can outlive a storm, especially one like Harvey."