Gas Prices Fall 0.5 Cents In Chattanooga

Monday, January 21, 2019
Gasoline prices in Chattanooga have fallen 0.5 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 0.6 cents per gallon versus last week to $2.24 per gallon, according to GasBuddy.

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

$2.25 per gallon in 2018, $2.05 in 2017, $1.58 in 2016, $1.85 in 2015 and $3.05 in 2014. 

Including the change locally during the past week, prices on Monday were 31.6 cents per gallon lower than a year ago and are 4.3 cents per gallon higher than a month ago. The national average has dropped 10.4 cents per gallon during the last month and stands 29.1 cents per gallon lower than a year ago.

Areas near Chattanooga and their current gas price climate:
Knoxville- $1.96, down 1 cent per gallon from last week's $1.97.
State of Tennessee- $1.98/g, up 0.6 cents per gallon from last week's $1.97.
Huntsville- $1.95, up 1.1 cents per gallon from last week's $1.94.

"The national average price for gasoline has seen little change in the last week in most areas, but this period remains the calm ahead of the storm, especially if China's trade deal pans out into a larger trade agreement with the U.S.," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "The transition to summer gasoline, a three month process, will begin in the weeks ahead, so the current period is still the calm before the storm. If a broad trade agreement with China does come to pass, that will enhance the normal rise of 35-75 cents per gallon that we see nationally from February's low prices to Memorial Day weekend's prices- so what you see today will likely feel like a completely different world than what we expect near Memorial Day."

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Business

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Breaking News

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Opinion

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