Gas prices in Chattanooga fell to their lowest level since March and should fall even farther this fall, according to a report today by the online gas pricing service GasBuddy.com.
Chattanooga gas prices fell 3.2 cents per gallon last week to $2.16 a gallon today – the lowest since March 3, according to GasBuddy’s daily survey of 170 stations. Gas prices in Chattanooga are 18 cents per gallon lower than a month ago and 32.2 cents per gallon lower than a year ago.
“With Labor Day around the corner, motorists will see the cheapest end to the summer since 2016, a great send-off to wrap up the summer driving season, but more good news likely lay ahead for motorists,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Gas prices will likely decline even more substantially starting in mid-September as most of the nation begins the transition back to cheaper winter gasoline starting Sept. 16.”
Chattanooga motorists continue to enjoy cheaper fuel than most of the country. The average price of regular gas in Chattanooga today is 43 cents below the U.S. average of $2.59 per gallon. Among the 455 biggest U.S. cities surveyed by GasBuddy.com, Chattanooga had the 29th lowest gas in the country.
Gas is even cheaper in neighboring Cleveland, Tennessee, where six stations are selling regular gas today below $2 a gallon. Cleveland ranks at the ninth cheapest city in America for gas.
Gas prices have declined for six consecutive weeks as oil prices have fallen on fears of a trade war and a global economic slowdown.
“Fall will bring plenty of falling gas prices, so long as there remains turmoil between the U.S. and China,” DeHaan said.
Oil prices rose slightly today after the United States and China both suggested they might resume trade talks to ease on the trade fight which has undermined the outlook for the global economy and crude demand.
| Lowest Gas Prices in Chattanooga |
| Chattanooga Gas Prices provided by GasBuddy.com |