Gas prices drop here before 4th of July travel

CHATTANOOGA (WDEF) – Now that’s something to celebrate.

Gas prices have dropped 6.9 cents a gallon on average last week in the Chattanooga area.

Going into the 4th of July weekend, we are looking at an average of $2.02 per gallon, according to the GasBuddy.com survey.

Right now, prices are 46 cents cheaper than a year ago and 13 cents cheaper than just a month ago.

“The national average price of gasoline has now slipped nearly 10 cents lower than the 2016 peak, to-date, of $2.39 per gallon, bringing greater likelihood that prices for the Fourth of July weekend will be even lower than where they now stand,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

“And if there was any doubt about the direction of retail gasoline, ‘Brexit’s impact –strengthening the U.S. dollar; weakening European currencies and weakening global crude oil prices– is expected to add even more downward pressure to summer gas prices despite record-setting demand (9.81 million barrels per day for the week ending June 17).”

The cheapest price right now in our area is $1,82 at the Citgo on Hwy 153 at Carmack road.