Summer gas prices lowest in a decade
Memorial Day travelers enjoyed the cheapest gas prices in Chattanooga in 12 years over the weekend with the average price of gas in Chattanooga at the start of this week priced 13.7 cents per gallon less than a year ago and $1.42 a gallon below the peak levels reached three years ago, according to GasBuddy’s daily survey of 170 gas outlets in Chattanooga.
The average price of a gallon of regular gas this week in Chattanooga was unchanged from the previous week at $2 a gallon. Local gas prices average 36 cents per gallon below the U.S. average and were 10 cents per gallon less than the statewide average across all of Tennessee.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com, said motorists in 13 states, including Tennessee, Georgia and Alabama, enjoyed the cheapest Memorial Day gas prices since 2005.
“This sets up a great summer season to hit the road, pointing to rising U.S. oil production in the midst of oil production cuts from OPEC for the stable prices,” he said.