Gasoline prices in Chattanooga fell another 6.4 cents a gallon last week to the lowest level in 17 months as oil prices continued to decline despite cutbacks in OPEC production, according to GasBuddy’s daily survey of 170 stations in Chattanooga.
But while filling up your vehicle is getting cheaper, the Tennessee Valley Authority said Monday that its electric prices will rise in January under its monthly fuel cost adjustment, boosting the typical EPB power rate by more than 3.7 percent from a year ago.
Chattanooga had the lowest gasoline prices in the tri-state region Monday with one Chattanooga station boasting the cheapest gas in Tennessee, Georgia or Alabama. The Mapco station in Ooltewah cut its price for regular gas Monday afternoon to $1.78 per gallon, undercutting what was the cheapest gas in the state at a BP station on Ashland Terrace in Chattanooga which was selling gas at $1.80.
“This is fantastic,” said Avery Singleton, a Red Bank motorist who filled up his car Monday for $1.80 a gallon. “The cheaper the better because it really adds up, especially when you have an $11-an-hour job like I do. I can remember not too long ago when I had to pay almost $3 a gallon.”
Average gas prices heading into the busy Christmas holiday travel week ahead are down nearly 40 cents per gallon in the past month and average of 17.6 cents a gallon less than the same time a year ago in Chattanooga, falling to an average of $1.91 per gallon – the cheapest of any major metro area in Tennessee, Gasbuddy.com said.