Chattanooga gas prices have fallen 3.9 cents per gallon in the past week, averaging $1.80/g today, according to GasBuddy's daily survey of 170 stations. Gas prices in Chattanooga are 6.5 cents per gallon lower than a month ago and stand 36.1 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Chattanooga is priced at $1.65/g today while the most expensive is $2.29/g, a difference of 64.0 cents per gallon. The lowest price in the state today is $1.58/g while the highest is $2.59/g, a difference of $1.01/g.
The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/g today. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.
"All eyes are on the Gulf of Mexico as two tropical systems head toward a sensitive area for the oil industry, and while these storms bear monitoring, they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet," said Patrick De Haan, head of petroleum analysis for GasBuddy.
"While Hurricane Marco and likely-soon-to-be Hurricane Laura churn in the Atlantic, current forecasts show limited ability for them to turn into a major hurricane, which means that motorists need not panic about gasoline supply or price. We should be able to weather both of these storms, barring a major increase in peak intensity. In addition, with gasoline demand still weak due to COVID-19, there's ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it."
Historical gasoline prices in Chattanooga and the national average going back ten years:
- August 24, 2019: $2.16/g (U.S. Average: $2.59/g)
- August 24, 2018: $2.49/g (U.S. Average: $2.84/g)
- August 24, 2017: $2.05/g (U.S. Average: $2.35/g)
- August 24, 2016: $2.02/g (U.S. Average: $2.20/g)
- August 24, 2015: $2.08/g (U.S. Average: $2.60/g)
- August 24, 2014: $3.07/g (U.S. Average: $3.43/g)
- August 24, 2013: $3.23/g (U.S. Average: $3.53/g)
- August 24, 2012: $3.48/g (U.S. Average: $3.73/g)
- August 24, 2011: $3.45/g (U.S. Average: $3.57/g) August 24, 2010: $2.52/g (U.S. Average: $2.67/g)
Neighboring areas and their current gas prices:
- Knoxville- $1.87/g, up 7.9 cents per gallon from last week's $1.79/g.
- Tennessee- $1.88/g, up 1 cent per gallon from last week's $1.87/g.
- Huntsville- $1.87/g, unchanged from last week's $1.87/g.
Like this story? Click here to Subscribe to more like this delivered weekly to your inbox!