Gas prices keep falling in Chattanooga

CHATTANOOGA (WDEF) – The summer price fall in gas prices continued in our area last week.

The GasBuddy.com survey found prices dropped another 2.8 cents in Chattanooga, putting the average gallon price at $1.94.

“Another week, another nearly country-wide decline in average gasoline prices as crude oil prices struggle near the lowest levels of the year,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.

“Motorists shouldn’t expect too much more of the nice price declines we’ve seen in the last couple of weeks as hurricane season comes in to view, but we could see another week with a majority of states seeing prices move lower again, thanks to gasoline inventories that remain quite healthy, along with refiners that continue to push out product at rates that have been higher than demand, leading to crude oil prices that have struggled mightily to gain a footing. It looks like even OPEC’s best move to thwart supply increases hasn’t done much thanks to U.S. oil production which has charged back like a bull.”

The cheapest gas in our area now is in Soddy Daisy.

The Gas N Go, Kangaroo, BP and Murphy USA all have prices at $1.77.

The only other $1.70ish gas in our area now is in South Pittsburg, where the Lottery Food Market and Rudder’s Market both have $1.79 prices.

GasBuddy.com