Gas prices in Chattanooga continued to fall last week, dropping to the lowest level since early summer.
The average price of a gallon of gas in Chattanooga on Sunday was $1.94 per gallon, down 5.5 cents per gallon from a week earlier and down nearly 20 cents a gallon from a month ago, according to GasBuddy’s daily survey of 170 gas outlets in Chattanooga. This compares with the national average that fell 2 cents per gallon last week to $2.20 per gallon, the gasoline price website GasBuddy.com said today.
Including the change in gas prices in Chattanooga during the past week, local gas prices are 10.1 cents per gallon higher than the same day one year ago.
Gas priced today dipped to only $1.76 per gallon at a couple of gas stations in Hixson today, GasBuddy said.
Gregg Laskoski, senior petroleum analyst for GasBuddy, said the discussion among OPEC members about a production cut in oil last week boosted some oil prices, although no consensus has been reached among the OPEC nations.