Chattanooga gas prices dip 1.2 cents per gallon

Average gasoline prices in Chattanooga fell 1.2 cents per gallon in the past week and remained 17 cent per gallon below the U.S. average, according to GasBuddy’s daily survey of 170 gas outlets in Chattanooga.

The average price of a gallon of regular gas in Chattanooga at the start of this week was $2.04, compared with the national average of $2.21.

Chattanooga gas prices has risen 60 cents per gallon from their February low but remain 37.6 cents per gallon lower than the same day one year ago.

“While it’s rare in May to see the national average price of gasoline nearly two cents lower from the previous week, we’ve seen that retail gasoline has consistently matched (West Texas crude oil’s increases and subsequent plateaus since February,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. “In 2015 we saw the national average peak in June and the year before it peaked in April, so while the current plateau may seem encouraging for motorists, we still expect rising consumer demand to elevate gasoline prices as we approach the beginning of the summer driving season.”