Gas prices tileGAS PRICES• $2.97: Cheapest gas per gallon prices in Chattanooga area at selected Kangaroo, Sam’s Club, Murphy USA, Citgo and Raceway stations.• $3.06: Average cost of gallon of gasoline in Chattanooga Monday, down 3 cents a gallon from a week ago and 17 cents a gallon cheaper than a year ago• $3.45: Average cost of a gallon of gasoline nationwide Monday, down 3 cents a gallon from a week ago and 9 cents a gallon less than a year ago.Source: AAA Fuel Price SurveyELECTRICITY PRICES• $150.46: Average bill for August 2014• $145.35: Average bill for September 2014• $141.25: Average bill for August 2013Source: EPB monthly bill for typical Chattanooga residence using 1,461 kilowatthours
With oil and gas production up while consumer demand remains flat, Chattanoogans are paying less for energy whether they travel or stay at home.
Motorists are enjoying the cheapest gas prices in six months while electricity prices in the Tennessee Valley will drop in September to the lowest level of the year.
Gas prices fell and remained below $3 a gallon Monday at more than a dozen gas stations in the Chattanooga area, according to GasBuddy.com. A separate survey by AAA found that the average price of a gallon of regular, unleaded gas in Chattanooga dipped again Monday to its lowest level since February.
Local gas prices are 17 cents a gallon below where they were a year ago. Heading into the end of summer, Chattanooga motorists will enjoy the cheapest fuel for a Labor Day weekend in four years with gas prices nearly a buck a gallon below their 2008 peak.