published Friday, May 11th, 2012

Chattanooga prices drop for gasoline, oil

The average price of regular gasoline fell below $3.50 a gallon in Chattanooga on Thursday and could fall further with the recent drop in oil prices.

AAA said the average price of gas in Chattanooga was $3.49.2 cents per gallon, down 8.7 cents per gallon in the past week and down nearly 25 cents per gallon in the past month.

Benchmark U.S. oil prices have fallen 6 percent since April, closing Thursday at $97.23 per barrel.

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