SvalleyNow.com — Sequatchie Valley Now

Gas Prices on their way Down

Oil prices are reverting to levels observed prior to the Iran conflict as OPEC+ has agreed to increase production.

According to Fox Business, weekend reports indicate a downward trend in prices, with OPEC+ planning to raise output targets by 188,000 barrels per day beginning next month. T

This development follows the reopening of the Strait of Hormuz, which had been closed by Iran amid its conflict with the United States.

The average price per gallon in Marion County as of Monday afternoon was $3.19. In Sequatchie County $3.30, Gundy County $3.25, Hamilton County $2.96 Jackson County, Al $3.35, and Dade County, Ga, $3.00.

Lucky Knott

Lucky Knott is a longtime broadcaster, sportscaster, and news reporter, having worked in radio here in the Sequatchie Valley and in Coffee and Grundy County for many years. You can hear his news reports weekday mornings and afternoons on The River 104.9 WEPG in Marion County and Country Roads 93.3 in Dunlap/Pikeville. He is also Editor for SValleyNow.com - Sequatchie Valley Now.