Gas prices dropping in Chattanooga, but slower than our neighbors

CHATTANOOGA (WDEF) – Good news & bad news this week with Chattanooga gas prices.

The good news is that prices dropped 3.9 cents last week to $2.49 on average, the second week in a row they have declined from the post-hurricane runup.

The bad news is that they are dropping faster around us.

Prices cropped more than five cents across Tennessee and the U.S.

Our gas is now more expensive than it is in Knoxville, Memphis and Huntsville.

The better news is that prices everywhere should continue to drop this week.

“For the second straight week, almost every state saw average gasoline prices fall notably as refineries continue to heal after Harvey and work on restoring production of motor fuels ,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.

“While oil prices have gained momentum in the last few weeks, it will not be enough to stymie the continued decline at gas pumps, which will bring the national average down another 5-10 cents in the week ahead.”

“Nationwide, many motorists have asked why all gas prices haven’t come back down to pre-Harvey levels, and while the answer is complex, in short, it will take weeks or months to see gasoline inventories recover fully, but prices will continue to slowly drift lower as inventories slowly improve.”

The cheapest gas in Chattanooga right now is $2.37 at the Sam’s Club on Brainerd Road, unless you can pay with cash at USA Fuels on 23RD Street ($2.36).

But there are even cheaper prices in the Soddy Daisy area.

The best prices are $2.33 at the Spirit and Green Pond stations on Dallas Hollow Road.

The cheapest prices in Cleveland are $2.39 at the Pilot and Exxon on Pleasant Grove Road.

Categories: Chattanooga, Cleveland, Consumer News, Local News

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