| Tennessee Historical Gas Price Charts Provided by GasBuddy.com |
Food City is planning to put up its initial three Gas 'N Go fuel centers in the Chattanooga area.The average price of gas stayed beneath $2 a gallon in Chattanooga last week despite an uptick in fuel prices nationwide.
According to GasBuddy's daily survey of 170 gas outlets in Chattanooga, the average price of a gallon of regular gas locally remained at $1.99, or 25 cents per gallon less than the U.S. average of $2.24 per gallon. Nationwide, gas prices rose an average of 3.1 cents per gallon last week.
"With West Texas Intermediate crude oil holding over $50 per barrel for the last several weeks, gasoline prices have moved higher in a majority of the country," Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement today. "Some 39 states saw average gasoline prices rise last week, and this week may see a similar fate at the pump as retail gasoline prices continue to play a game of catch up to the three week rally in oil prices."
Chattanooga gas prices are up 11.8 center per gallon in the past month and 26.3 cents per gallon above what they were a year ago. But gas is more than a dollar a gallon cheaper than where it was two years ago.
The past month has brought one of the largest December increases in gas prices as OPEC has announced plans to cut oil production to help boost prices.
"It was just a year ago when the national average gas price fell under $2 per gallon for the first time since 2009, a feat unlikely to be repeated anytime soon, thanks to November's crude oil production cuts from OPEC, joined by production cuts from non-OPEC countries shortly thereafter,"DeHaansaid. "In fact, we're on par to see the largest December increase in gasoline prices nationally since 2010 due to the uptick in oil prices."
In Chattanooga gas prices are cheapest today at the BP station on East Brainerd Road near Interstate 75, where gas is selling for $1.84 per gallon, according to GasBuddy.com.