Gas prices continue to decline in Chattanooga

Gas pump

With millions of Americans traveling during the Christmas and New Year's holidays, experts do not believe there will be an increase in gas prices, but rather a potential decrease.

"However, the strong supply of gasoline should help stave off any gas price hikes that would otherwise be caused by such a surge in demand".

Motor club AAA lists a national average retail price of $2.41 for a gallon of regular unleaded gasoline as of Tuesday. The average for Sunday was the same price according to GasBuddy's daily survey of 5,345 gas outlets in Ohio. It was also just before Labor Day weekend, as Florida residents kept their eyes peeled on Hurricane Irma's forecast path. California has the highest average price in the Lower 48 at $3.09 per gallon.

Today's price is 2 cents less than a week ago ($2.51) and 11 cents less than a month ago.




Adding to the declining trend, US refineries switch late in the year to a winter blend of gasoline, which is less expensive to make because more steps are needed with the summer blend to prevent excessive evaporation. Motorists may see trips taking 2.5 times longer than average. The cheapest was $2.30 in the Tampa-St.

According to AAA Northeast's weekly survey, the price of regular unleaded gas fell to an average $2.52 per gallon in Rhode Island and $2.46 per gallon in MA. The national average has gone up 18.4 cents since previous year and is also down 11.9 cents since last month.

AAA expects gasoline demand to weaken throughout the winter, which translates to better prices at the pump.

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