The slow climb of gas prices finally ease up last week

Chattanooga, TN (WDEF) – The GasBuddy daily survey found that prices dropped four cents a gallon in Chattanooga last week.
They fell about two and a half cents nationally.

“After March came in like a lion at the pump, things are beginning to cool down, especially in hardest hit areas in the West," said Patrick DeHaan, GasBuddy senior petroleum analyst.

"Crude oil prices closed last week nearing their January lows on news of plentiful crude oil inventories, which maybe begin to weigh on gasoline prices, once refineries conclude maintenance and throttle up utilization rates. In the end, it could mean even lower gasoline prices for motorists during the summer than GasBuddy previously expected, barring other refinery issues or unpredictable issues," DeHaan said.

Categories: Local News

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