Gas Prices Rise 10.3 Cents In Chattanooga

Monday, January 29, 2018

Average retail gasoline prices in Chattanooga have risen 10.3 cents per gallon in the past week, averaging $2.36 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 3.0 cents per gallon in the last week to $2.57 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 35.3 cents per gallon higher than the same day one year ago and are 19.7 cents per gallon higher than a month ago.

The national average has increased 8.8 cents per gallon during the last month and stands 30.7 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on Jan. 29, in Chattanooga have ranged widely over the last five years:
$2.00 per gallon in 2017, $1.53 in 2016, $1.91 in 2015, $3.04 in 2014 and $3.15 in 2013.

Areas near Chattanooga and their current gas price climate:
Knoxville- $2.38, up 3.5 cents per gallon from last week's $2.35.
State of Tennessee- $2.39, up 3.4 cents per gallon from last week's $2.36.
Huntsville- $2.35, up 4.3 cents per gallon from last week's $2.31.

"With oil maintaining strength, gasoline prices have continued to climb in many places, rising to their highest level since Hurricane Harvey dealt a blow to Texas and a significant portion of U.S. refining capacity," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "This time around, oil prices have been the culprit for gasoline prices rising to their highest level in over 130 days, and with U.S. crude oil inventories plummeting for 10 straight weeks, I see diminishing chances of the traditional winter relief that accompanies the year's coldest months. Without gas prices falling, the current price environment may be the floor for what could become a more expensive year than anticipated, barring any change to OPEC policy that has led to today's climate of lower supply and higher prices."