Gas Prices Drop 11.3 Cents In Chattanooga

Monday, March 23, 2020
Chattanooga gas prices have fallen 11.3 cents per gallon in the past week, averaging $1.78 per gallon on Monday, according to GasBuddy's daily survey of 170 stations. Gas prices in Chattanooga are 33.1 cents per gallon lower than a month ago and stand 59.4 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Chattanooga is priced at $1.48 per gallon on Monday while the most expensive is $2.19, a difference of 71.0 cents per gallon.
The lowest price in the state on Monday is $1.19 while the highest is $2.51, a difference of $1.32. 
The national average price of gasoline has fallen 12.8 cents per gallon in the last week, averaging $2.08. The national average is down 38.5 cents per gallon from a month ago and stands 54.7 cents per gallon lower than a year ago.

Historical gasoline prices in Chattanooga and the national average going back 10 years:
March 23, 2019: $2.38/g (U.S. Average: $2.63/g)
March 23, 2018: $2.29/g (U.S. Average: $2.60/g)
March 23, 2017: $1.99/g (U.S. Average: $2.29/g)
March 23, 2016: $1.84/g (U.S. Average: $1.99/g)
March 23, 2015: $2.05/g (U.S. Average: $2.42/g)
March 23, 2014: $3.25/g (U.S. Average: $3.53/g)
March 23, 2013: $3.43/g (U.S. Average: $3.68/g)
March 23, 2012: $3.69/g (U.S. Average: $3.89/g)
March 23, 2011: $3.43/g (U.S. Average: $3.55/g)
March 23, 2010: $2.69/g (U.S. Average: $2.80/g)

Neighboring areas and their current gas prices:
Knoxville- $1.93, down 11.0 cents per gallon from last week's $2.04.
State of Tennessee- $1.85, down 13.2 cents per gallon from last week's $1.98.
Huntsville- $1.92, down 10.6 cents per gallon from last week's $2.02.

"Gas prices have spent virtually all of March marching lower, with the drop continuing as the coronavirus destroys oil demand globally, leading to the lowest oil prices we've seen in 18 years, paving the way for still an additional 35-75 cent per gallon drop at most stations in the weeks ahead," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "I don't think I've ever seen such a collapse in prices, even including the Great Recession. What we're witnessing is easily going to go down as the great collapse in oil demand, and for motorists hurrying to fill up today, they're wasting their money as prices will continue to drop in the days ahead. Gas stations are passing along the drop several weeks behind, and there's plenty more room for prices to drop, putting 99 cents per gallon prices as a strong possibility for perhaps many more stations than we previously anticipated. This is truly an unprecedented turn of events."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.

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