News Summary
Gasoline prices in Chattanooga have dropped by 6.9 cents per gallon in the last week, averaging $2.64 per gallon. This marks a significant decrease of 14.5 cents from the previous month and 40 cents lower compared to last year. The highest and lowest gas prices in the city vary by 65 cents, while Tennessee shows a broader range of $1.60. National trends indicate a slight decrease in gasoline prices as well, giving relief to consumers amid fluctuating market conditions.
Chattanooga Sees Decrease in Gasoline Prices
Gasoline prices in Chattanooga have decreased by 6.9 cents per gallon over the past week, bringing the average price to $2.64 per gallon. This decline marks a 14.5 cent drop compared to prices one month ago and a significant 40 cents lower than the prices recorded a year ago.
Current Gas Prices
As of yesterday, the cheapest gas station in Chattanooga offered gasoline for $2.44 per gallon, while the highest-priced station charged $3.09 per gallon. This reflects a considerable price span of 65 cents between the lowest and highest prices in the city. In the wider context of Tennessee, the lowest gasoline price was noted at $2.29 per gallon, with the highest at $3.89, leading to a remarkable differential of $1.60 per gallon across the state.
National Trends
On a national level, the average price of gasoline has also experienced a decrease, falling by 1.7 cents this past week to an average of $3.09 per gallon. When examining trends over a month, the national average is down by 11.5 cents and has decreased significantly by 37.7 cents compared to last year. Meanwhile, the average price of diesel fuel has seen a slight increase of 1.7 cents, currently standing at $3.693 per gallon.
Regional Variations and Statistics
While Chattanooga is enjoying lower gasoline prices, some states are experiencing fluctuations that contradict the overall trend. For instance, states like Florida, Nebraska, and Indiana are witnessing price cycling, which has led to double-digit increases in gasoline prices, despite the common decline observed nationally. Data collected from over 11 million weekly price reports and surveys of over 150,000 gas stations across the United States by GasBuddy further supports these observations.
GasBuddy, a service that updates data 288 times daily from multiple sources, compiles comprehensive insights into gas prices nationally and in local markets. Furthermore, they provide access to historical price data for Chattanooga and the national average spanning back up to ten years, allowing for a better understanding of price trends over time.
Conclusion
The ongoing decline in gasoline prices can significantly ease financial pressures for consumers, particularly as winter heating costs approach. With Chattanooga’s average price remaining lower than both state and national averages, residents may appreciate the reprieve from rising fuel costs. As prices continue to fluctuate, staying informed about local and national trends will be essential for drivers and families alike.
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Additional Resources
- Chattanooga Pulse: Gas Prices in Chattanooga Fall
- Chattanoogan: Gas Prices Drop 6.9 Cents In Chattanooga
- Chattanooga Pulse: Local Gas Prices Continue to Fall
- Chattanoogan: Gas Prices Drop 14.9 Cents In Chattanooga
- Stacker: How Gas Prices Have Changed in Chattanooga
- Wikipedia: Gasoline
- Google Search: Gas Prices Trends
- Google Scholar: Gas Prices Fluctuations
- Encyclopedia Britannica: Gasoline
- Google News: Gas Prices Chattanooga
Author: STAFF HERE CHATTANOOGA WRITER
The CHATTANOOGA STAFF WRITER represents the experienced team at HEREChattanooga.com, your go-to source for actionable local news and information in Chattanooga, Hamilton County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Riverbend Festival, Chattanooga Oktoberfest, and Moon River Festival. Our coverage extends to key organizations like the Chattanooga Area Chamber of Commerce and United Way of Greater Chattanooga, plus leading businesses in manufacturing, insurance, and utilities that power the local economy such as Volkswagen Chattanooga, BlueCross BlueShield of Tennessee, and EPB. As part of the broader HERE network, including HEREBristol.com, HEREKnoxville.com, HEREMemphis.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
