After five weeks of rising gasoline prices, the average price of regular gas in Chattanooga declined by 9.1 cents a gallon in the past week, dropping to an average of $3.34 per gallon for regular gas, according to GasBuddy’s survey of 170 stations in Chattanooga.
The online gasoline pricing service reported Monday that Chattanooga gas prices are 48 cents a gallon below the U.S. average of $3.82 a gallon. But Chattanooga motorists are still paying an average of nearly 37 cents a gallon more for regular gas than they did a month ago and are paying just a couple of pennies less per gallon than a year ago when gas prices jumped with the rebound in traffic after the pandemic eased and the Ukraine war upset global energy markets.
Gasoline prices “could climb slightly higher as we get closer to Labor Day, as oil prices remain under pressure from recent OPEC+ production cuts,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a report Monday.
“Motorists will likely see a mixed bag at the pump this week, with a few states seeing prices fall slightly, while others will see the opposite,” De Haan said.
In the Chattanooga area, the cheapest gas Monday was $3.13 a gallon at both the Raceway station at 3450 Amnicola Highway and an Exxon station at 4345 Highway 58.