Chattanooga gas prices fall 12 cents in last week
MGN
Average gasoline prices in Chattanooga have fallen 12.1 cents per gallon in the last week, averaging $3.29/g today, according to GasBuddy’s survey of 170 stations in Chattanooga.
Prices in Chattanooga are 66.0 cents per gallon lower than a month ago and stand 72.6 cents per gallon higher than a year ago.
They say the national average price of gasoline has fallen 9.3 cents per gallon in the last week, averaging $3.99/g today.
“Average gasoline prices fell in 47 states over the last week, with the national average dropping below $4 per gallon late Sunday for the first time since mid-April,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The decline came as oil prices moved sharply lower in reaction to news of a potential deal between the United States and Iran, though it remains to be seen whether the agreement will hold. A handful of price-cycling states saw averages jump before joining the broader downward trend. The real test now shifts to the Strait of Hormuz, where any reopening and resumption of normal oil flows would be the clearest signal that this relief is durable. For now, the national average could continue falling, provided there isn’t a drastic reversal and the U.S. and Iran continue moving in a positive direction.”
The national average price of diesel has decreased 11.7 cents compared to a week ago and stands at $5.182 per gallon, according to GasBuddy.
