Chattanooga gas prices have fallen 3.2 cents per gallon in the past week, averaging $2.78/g today, according to GasBuddy's daily survey of 170 stations in Chattanooga. Gas prices in Chattanooga are 5.9 cents per gallon higher than a month ago and stand 91.0 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Chattanooga is priced at $2.61/g today while the most expensive is $3.19/g, a difference of 58.0 cents per gallon. The lowest price in the state today is $2.09/g while the highest is $3.49/g, a difference of $1.40/g.
The national average price of gasoline has risen 1.3 cents per gallon in the last week, averaging $3.16/g today. The national average is up 10.2 cents per gallon from a month ago and stands 98.0 cents per gallon higher than a year ago.
"Gas prices across the country have been a bit sideways in the last week with a mixed bag of decreases and increases, but overall, the national average hasn't seen much meaningful direction as oil prices remain under their early-July levels thus far thanks to OPEC coming to an agreement on production over the weekend," said Patrick De Haan, head of petroleum analysis for GasBuddy.
"OPEC's plan is to raise oil production by 400,000 bpd each month until 2022, at which time OPEC's oil production will be back at pre-Covid levels. It's a positive development in light of U.S. gasoline demand which last week rose nearly 2%, which should act as a loose ceiling on the price of oil, and could mean we're even closer to seeing a peak in the national average if we haven't already."
Historical gasoline prices in Chattanooga and the national average going back ten years:
- July 19, 2020: $1.87/g (U.S. Average: $2.18/g)
- July 19, 2019: $2.43/g (U.S. Average: $2.77/g)
- July 19, 2018: $2.53/g (U.S. Average: $2.85/g)
- July 19, 2017: $1.98/g (U.S. Average: $2.27/g)
- July 19, 2016: $1.81/g (U.S. Average: $2.19/g)
- July 19, 2015: $2.36/g (U.S. Average: $2.76/g)
- July 19, 2014: $3.24/g (U.S. Average: $3.58/g)
- July 19, 2013: $3.38/g (U.S. Average: $3.67/g)
- July 19, 2012: $3.12/g (U.S. Average: $3.43/g)
- July 19, 2011: $3.54/g (U.S. Average: $3.67/g)
Neighboring areas and their current gas prices:
- Knoxville- $2.88/g, up 0.7 cents per gallon from last week's $2.87/g.
- Tennessee- $2.85/g, down 0.8 cents per gallon from last week's $2.86/g.
- Huntsville- $2.80/g, up 1 cent per gallon from last week's $2.79/g.
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.