Gas Prices Rise 14.4 Cents In Chattanooga

Monday, January 14, 2019
Gasoline prices in Chattanooga have risen 14.4 cents per gallon in the past week, averaging $1.94 per gallon on Monday, according to GasBuddy's daily survey of 170 stations in Chattanooga. This compares with the national average that has increased 0.5 cents per gallon versus last week to $2.24 per gallon, according to GasBuddy.

Average gasoline prices on Jan.
14, in Chattanooga have ranged widely over the last five years:

$2.24 per gallon in 2018, $2.07 in 2017, $1.65 in 2016, $1.89 in 2015 and $3.07g in 2014. 

Including the change locally during the past week, prices on Monday were 29.4 cents per gallon lower than a year ago and are  unchanged versus a month ago. The national average has dropped 14.1 cents per gallon during the last month and stands 28.4 cents per gallon lower than a year ago.

Areas near Chattanooga and their current gas price climate:
Knoxville- $1.97, up 8.6 cents per gallon from last week's $1.89.
State of Tennessee- $1.98, up 2.4 cents per gallon from last week's $1.95.
Huntsville- $1.93, down 2.2 cents per gallon from last week's $1.95.

"With oil prices back over $50 per barrel, it looks like gas prices in more areas may soon bottom out and start to tick higher. While it doesn't seem that prices will rise very far, it looks more and more like the lowest price of the year may now be behind us," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "The national average briefly hit $2.22 per gallon last week, but will likely move up slightly or stabilize this week. Gas prices in the Great Lakes saw a noticeable jump last week and tend to see among the earliest trend changes in the country, which may be a harbinger of what's to come for the rest of us."

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