Gas Prices Dropping Again After Early November Spike

Chattanooga (WDEF) Gas prices dropped four cents over the last week in the Chattanooga area according to GasBuddy.com.

The average price here was $1.92 a gallon on Sunday.

The national average dropped five cents, to a national average of $2.16.

But will the latest terror attack drive prices back up?

"Terrorism and other geopolitical events always have the potential to bring havoc to Wall Street but early signs suggest that financial market reactions are subdued," said Gregg Laskoski, GasBuddy’s senior petroleum analyst for the Northeast.

"That means Friday’s events are not likely to be what drives the direction of crude oil and market fundamentals can be expected to push retail gasoline prices lower in the U.S. We’re already seeing that as the national average today is 6 cents lower from a week ago and wholesale prices are also significantly lower," he added.

Gas Buddy reports the cheapest gas in our area right now is at the Sam’s Club on Lee Highway at $1.73.

The next cheapest prices are in Cleveland with $1.78 at the Murphy USA at Paul Huff Parkway and several other $1.79 prices.

Categories: Consumer News, Local News

Leave a Reply

Your email address will not be published. Required fields are marked *