Chattanooga gas prices falling again

CHATTANOOGA (WDEF) Americans aren’t hitting the road as much this spring, so gas prices are going down.

At least that’s what the experts are saying.

Prices fell 3.7 cents a gallon last week nationally, according to the survey.

And they dropped 3.1 cents in Chattanooga.

The average price here now is $2.08.

They have fallen just over 8 cents in the last month.

This is a chart from Gas Buddy on Chattanooga prices in the last 3 months.

“An oversupply of gasoline as refiners ramp up production will continue to exert downward pressure on prices at the pumps. The national average gasoline price of $2.35 per gallon is a mere 14 cents higher than a year ago, down from a gap of nearly 40 cents just months ago,” said Dan McTeague, GasBuddy senior petroleum analyst. “The expected bump in fuel demand doesn’t seem to be coming, leaving refineries with a lot of inventory that has yet to find a market. Gas prices appear poised to drop yet again this week.”

Of course, we know that Tennessee prices will spike on July 1st when the new gas tax goes into affect.

The lowest price in Chattanooga right now is under the $2 mark again.

The Circle K on Signal Mountain Boulevard is posting a price of $1.97.

But Cleveland can beat that, with $1.96 at the One Stop Shop on Waterlevel Highway.

And there are several other sub-$2 prices around town.

Categories: Chattanooga, Cleveland, Consumer News, Local News

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