Chattanooga average gas prices fall 10 cents, nationwide prices rising

CHATTANOOGA, Tenn. (WDEF) — Average Chattanooga gas prices fell almost 10 cents in the last week, according to a GasBuddy survey.

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Gas prices previously rose nearly 7 cents in the prior week around the time of Independence Day.

As of Monday morning, gas prices in the Chattanooga area averaged $2.96 per gallon.

Prices are 11 cents lower than last month, and 98 cents lower than one year ago.

The national average price of diesel fuel is also sitting steady at $3.80 per gallon.

However, the national price of gasoline rose 3 cents in the last week, averaging $3.53 in the U.S.

Officials say the consistent rise of oil prices is to blame.

“With oil prices rising to $75 per barrel last week, the highest level in months, the national average price of gasoline saw similar upward pressure, with a little over half of the nation’s states seeing gas prices rise last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the price increases could continue into this week, I would expect them to be fairly mild, with the national average likely staying in the $3.50-$3.60 range that we’ve been stuck in since April for the coming week and likely into next week as well. Economic data has been playing a larger than typical role in putting pressure on gas prices, with OPEC production cuts also a major factor.”

GasBuddy surveys nearly 150,000 stations nationwide.