Gas prices continued a month-long decline last week, cutting the average price of a gallon of regular gas below $2 a gallon again in Chattanooga.
The gasoline price website GasBuddy.com said today that average retail gasoline prices in Chattanooga declined another 1.5 cents per gallon last week to $1.98 per gallon on Sunday. Chattanooga gas prices averaged 28 cents a gallon less than the U.S. average.
More than a dozen local stations are selling regular gas today for as low as $1.91 per gallon, according to survey of 170 retail stations in Chattanooga by GasBuddy.com
Despite the recent decline in prices, fuel costs are still up from the decade-low prices reached a year ago. Chattanooga gas prices Sunday averaged 49.2 cents a gallon more than a year ago when regular gas prices fell to only $1.49 a gallon.
But gas prices are still 40 percent below the peak prices reached in early February five years ago.