Gas prices drop again in Chattanooga area

CHATTANOOGA (WDEF) – Local gas prices continued a slow drift downward last week according to the GasBuddy.com survey.

Prices in the Chattanooga area dropped 1.8 cents for an average price of $2.05 a gallon.

The national average fell 3.2 cents last week.

“Last week ended with President Trump’s Inauguration and we saw the benchmark WTI crude close up more than $1 per barrel from the previous day… Coincidence?” asks Gregg Laskoski, senior petroleum analyst for GasBuddy.

One of the first announcements made by the new Administration was its ‘America First Energy Plan’ which states that “Producing more energy is in America’s national security interest. It said: “President Trump is committed to achieving energy independence from the [Organization of Petroleum Exporting Countries] cartel and any nations hostile to our interests. At the same time, we will work with our [Persian] Gulf allies to develop a positive energy relationship as part of our anti-terrorism strategy.”

While it’s too soon to speculate what such a plan might mean in the long term for prices at the pump, for now we expect another week of nominal decreases in retail gas prices,” added Laskoski. “Refineries are unloading winter-blend gasoline at ‘fire sale’ prices.”

The cheapest gas in Chattanooga right now is $1.94 in (Citgo Lee Hwy/Ballard Rd, Raceway Signal Mtn Rd, Murphy USA Signal Mtn Rd).

Cleveland also has several $1.94 prices.

But the cheapest gas in our area now is up I 75 in Athens.

Several stations near the interstate are posting $1.89 prices.

Categories: Chattanooga, Cleveland, Consumer News, Hamilton County, Local News, McMinn County

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