Average retail gasoline prices in Chattanooga rose another 1.6 cents per gallon in the past week, averaging $1.98 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga.
Local gas prices have risen an average of 5.2 cents per gallon in the past month and are 27.2 cents per gallon higher than the price of fuel a year ago.
But Chattanooga gas prices still average 23 cents per gallon less than the U.S. average of $2.23 per gallon.
"Retail gasoline prices across the country appear to have hit a plateau and that's not surprising given the mix of potentially upward and downward forces working simultaneously on crude oil prices," said Gregg Laskoski, senior petroleum analyst for GasBuddy.
"On one hand we have the news that OPEC issued over the weekend; that a group of non-OPEC oil producers led by Russia have agreed to collectively cut 2017 production by 600,000 barrels..." said Laskoski.
"But on the other hand the promises for next year do little to change the robust global supply we have today. OPEC's November output rose 370,000 barrels per da to 34.19 million barrels per day, a record high."
In the Chattanooga area, GasBuddy said today that gas was priced the lowest today at $1.84 per gallon at a BP station on East Brainerd near I-75 and at a Citgo station at Highway 153 and Carmack Road in Hixson.
| Lowest Gas Prices in Chattanooga |
| Chattanooga Gas Prices provided by GasBuddy.com |