Expect another summer of cheap gas prices in our area

CHATTANOOGA (WDEF) – Gas prices remained flat in Chattanooga last week according to the GasBuddy.com survey, and that’s not a bad thing going into the Memorial Day Weekend.

The average price of a gallon this holiday was $2.00 even.

That was almost 14 cents cheaper than last year’s holiday weekend, and much cheaper than our neighbors in Knoxville ($2.08), Nashville ($2.15), Huntsville ($2.10) and Atlanta ($2.27).

“With the summer driving season officially started, gasoline prices stand just a few cents higher than where they started last summer, an impressive feat,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.

“Surprisingly, Ohio, Indiana, Illinois, Michigan, Georgia, Kentucky, Tennessee, North Carolina, South Carolina, Alabama, Maine, Missouri and Iowa just witnessed the cheapest Memorial Day at the pump since 2005, a major feat.”

“With the national average now seeing minor decline and roughly at the same point it was a week ago, summer gas prices are shaping up to be quite a bit lower than previous expectations and similar to what we saw last summer. This sets up a great summer season to hit the road, pointing to rising U.S. oil production in the midst of oil production cuts from OPEC for the stable prices.”

The cheapest gas today in Chattanooga is in the Lookout Valley area, led by $1.83 at the Murphy USA on Cummings Highway.

Categories: Business, Chattanooga, Consumer News, Local News

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