Chattanooga prices drop for gasoline, oil

Chattanooga prices drop for gasoline, oil

May 11th, 2012 by Staff Report in Business Around the Region

Gas prices tile

Gas prices tile

Photo by WRCB-TV Channel 3 /Times Free Press.

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.