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Prices at Chattanooga gas pumps hit lowest level since 2008

Memorial Pediatric Operating Room Nurse Georganne Hamilton fuels her car at the Save-A-Ton Citgo fuel stop at 5701 Highway 153. "I'm here just because of the gas price," Hamilton said. "I hope it stays this way." Memorial Pediatric Operating Room Nurse Georganne Hamilton fuels her car at the Save-A-Ton Citgo fuel stop at 5701 Highway 153. "I'm here just because of the gas price," Hamilton said. "I hope it stays this way."

By Dave Flessner February 9, 2016 3 min read

Lowest Gas Prices in Chattanooga

Chattanooga Gas Prices provided by GasBuddy.com

Average retail gasoline prices in Chattanooga fell another 3 cents a gallon in the past week to dip below $1.50 per gallon for the first time since 2008.

The average price of a gallon of regular gas in Chattanooga dropped at the start of this week to $1.49, according to GasBuddy’s daily survey of 170 gas outlets in Chattanooga. Gas prices at three Brainerd area gas stations – Sam’s Club on Lee Highway, Shell on Bonny Oaks and Victory Fuels on Brainerd Road – fell Monday to $1.39 per gallon for regular gas.

This week’s gas prices in Chattanooga are the lowest since 2008 when fuel prices briefly dipped to $1.44 per gallon, according to GasBuddy.com. But when adjusted for inflation, GasBuddy.com analysts said gas prices in Chattanooga are now at their lowest level since 1965.

Gas prices are likely to stay low given the continued concerns in the oil market about a glut of product.

Oil prices were down as much as 3.8 percent on Monday as investors remained concerned about oil surpluses after a Saudi-Venezuela meeting showed few signs of coordination to boost prices.