Gas Prices Continue to Drop in Chattanooga

CHATTANOOGA (WDEF) – Gas prices continue to drop in Chattanooga in January, just like around the rest of the country.

And we still have the lowest prices in our region.

GasBuddy.com’s weekly survey found that prices dropped 1.8 cents per gallon last week, which was the same rate as the national average.

The average Chattanooga price is now $1.66, compared to $1.72 in Tennessee.

And we can expect the trend to continue this month.

"The first week of January seems to be on par with prior years," said Jeff Pelton, GasBuddy senior petroleum analyst. "History has shown that 12 of the past 16 Januarys have yielded the worst demand for the year. If Wednesday’s EIA report is indicative of things to come in the next 3 weeks, this January may prove to be no different. The tension between Saudi Arabia and Iran while traditionally would cause a rise in oil prices, the times have changed and the incentive now is for the Saudis to pump away and keep Iran’s coffers as empty as they can. Add to the mix the turmoil in the Chinese financial markets which has roiled the US stock market and you should get gas prices which will decline thru the month," he said.


GasBuddy.com reports the cheapest gas in Chattanooga right now is $1.54 at the Sam’s Club in Brainerd.

And there are $1.57 prices all over town. (Speedway Lee Hwy, Shell-Raceway-Murphy Signal Mtn Boulevard)

Cleveland has $1.59 prices at the Pilot & Exxon at the Pleasant Grove Road exit of I 75.

The lowest prices in Northwest Georgia are $1.57 in Ringgold (Costco) and $1.64 at several locations in Ft. Oglethorpe and Dalton.  

Categories: Consumer News, Local News

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