Gas prices continue to tumble in Chattanooga

CHATTANOOGA (WDEF) – Gas prices continue their Summer Swoon in the Chattanooga area.

GasBuddy.com reports that prices dropped another 4.3 cents last week, to an average of $1.77 a gallon.

The national average dropped 4.5 cents to $2.15.

So we are now almost 55 cents cheaper than we were last summer.

“As air temperatures across the country rise to sweltering levels, gas prices have continued to cool,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Not only are gas prices nationally at their lowest level of the summer, but they have continued to decline as the glut of oil and refined products has persisted. Almost every state saw a decline in gasoline prices versus last week, thanks to crude oil prices approaching their lowest level of the summer.”

“I foresee that excluding a major hurricane or other disruption, we are very likely to see many more states with average prices falling under $2 per gallon by Halloween. Truth be told, however, that really isn’t a far stretch considering two out of 5 stations nationally and 11 states are already there,” DeHaan added.

But you can do much better than $1.77 in Chattanooga on Monday.

GasBuddy reports $1.67 at the Mapco and Favorite Market in Lookout Valley, plus the Sam’s Club on Lee Highway.

Plus a $1.68 price at the BP at the East Brainerd Road exit from I 75.

Categories: Consumer News, Local News

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