Gas prices actually fall slightly this week after a big jump last week
CHATTANOOGA (WDEF) – It has been a bumpy ride for gas prices this spring.
Normally, we see a steady climb through spring break and Memorial Day driving.
But this year, we’ve seen steep climbs, followed by drops.
This week, prices have fallen 1.2 cents per gallon, following the previous week’s 12 cent jump in the Chattanooga area.
Chattanooga’s average price now is $2.04 a gallon, while the national average is $2.21.
“While it’s rare in May to see the national average price of gasoline nearly two cents lower from the previous week, we’ve seen that retail gasoline has consistently matched (West Texas crude oil’s increases and subsequent plateaus since February,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.
“In 2015 we saw the national average peak in June and the year before it peaked in April, so while the current plateau may seem encouraging for motorists, we still expect rising consumer demand to elevate gasoline prices as we approach the beginning of the summer driving season,” Laskoski added.
The cheapest gas in Chattanooga right now according to the Gas Buddy survey is $1.89 at the Sam’s Club, followed by several $1.93 prices across the area.
The Costco in Ringgold also has a $1.89 price.