Chattanooga, Tennessee gas prices fall
CHATTANOOGA, Tenn. (WDEF) — Tennessee gas prices have fallen this past week, as have gas prices around the city of Chattanooga.
Average gasoline prices in the state of Tennessee fell six cents, according to AAA. Those prices have also steadily decreased for the past three weeks, AAA added.
In Chattanooga, prices fell 4.7 cents per gallon, GasBuddy reported.
AAA said the average price of a gallon of gas in Tennessee is currently $3.24. The Chattanooga price is even lower, sitting at an average of $3.09 per gallon, according to GasBuddy.
GasBuddy also said the Chattanooga gas prices are 17 cents per gallon lower than one month ago. And that’s 13 cents per gallon lower than a month ago for the state average.
The national average price of gas this week has fallen 10 cents per gallon as well, GasBuddy added. The national average is currently $3.67 per gallon.
AAA reported that Tennessee is the eighth least expensive state for gas in the country.
“At long last, the decline in gas prices that we’ve been waiting to see has arrived, and the locomotive of falling prices has only recently started on a downhill, gaining momentum. However, some new caution signs have emerged with the recent attacks on Israel, potentially destabilizing a sensitive region. I’m hopeful the violence won’t spread, limiting the impact to these falling gas prices. Even with oil prices rising as a reaction to the attacks, I remain optimistic the national average could decline another 25-45 cents by late November, with prices falling potentially nearly triple that in California,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“Even the price of diesel has seen downward pressure with oil prices plummeting last week on fears that the Fed will be forced to continue raising rates, eating into demand growth, leading a barrel of crude to drop into the mid-$80s, but we remain concerned about a potentially destabilized Middle East and the potential impact to oil prices should the region see violence escalate,” De Haan added.
