Average gasoline prices in Chattanooga have risen 7.5 cents per gallon in the last week, averaging $2.56 per gallon on Monday, according to GasBuddy's survey of 170 stations in Chattanooga. Prices in Chattanooga are 10.3 cents per gallon lower than a month ago and stand 38.7 cents per gallon lower than a year ago. The national average price of diesel has decreased 5.0 cents in the last week and stands at $3.558 per gallon.
According to GasBuddy price reports, the cheapest station in Chattanooga was priced at $2.36 on Sunday while the most expensive was $2.89, a difference of 53.0 cents per gallon.
The lowest price in the state on Sunday was $2.31 while the highest was $4.11, a difference of $1.80.
The national average price of gasoline has fallen 1.3 cents per gallon in the last week, averaging $3.02 per gallon on Monday. The national average is down 10.6 cents per gallon from a month ago and stands 42.4 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Historical gasoline prices in Chattanooga and the national average going back ten years:
March 17, 2024: $2.95/g (U.S. Average: $3.44/g)
March 17, 2023: $3.06/g (U.S. Average: $3.43/g)
March 17, 2022: $4.04/g (U.S. Average: $4.28/g)
March 17, 2021: $2.61/g (U.S. Average: $2.88/g)
March 17, 2020: $1.88/g (U.S. Average: $2.19/g)
March 17, 2019: $2.24/g (U.S. Average: $2.54/g)
March 17, 2018: $2.23/g (U.S. Average: $2.54/g)
March 17, 2017: $1.98/g (U.S. Average: $2.29/g)
March 17, 2016: $1.83/g (U.S. Average: $1.96/g)
March 17, 2015: $2.09/g (U.S. Average: $2.41/g)
Neighboring areas and their current gas prices:
Knoxville- $2.67, down 0.8 cents per gallon from last week's $2.67.
State of Tennessee- $2.68, up 4.2 cents per gallon from last week's $2.64.
Huntsville- $2.71, up 1 cent per gallon from last week's $2.70.
"As concerns over tariffs and policy uncertainties grow, gas prices have continued to decline across much of the country, raising the possibility that the national average could slip below $3 per gallon and approach some of the lowest prices seen in years," said Patrick De Haan, head of petroleum analysis at GasBuddy. "However, this decline shouldn't necessarily be celebrated, as it comes with strong warning signs. When the economy slows, gasoline demand drops— along with demand for other refined products like diesel and jet fuel. We've already seen some signals that the months ahead could be challenging. All of this suggests that gas prices are likely to remain low for now. However, if economic conditions improve, gas prices could eventually follow suit and start rising again."