Gas prices in Chattanooga fell last week for the second consecutive week, dropping another 6 cents a gallon after concerns about the U.S. killing of Iran’s military general earlier this month led to a brief spike in oil prices at the start of the year.
The average price of a gallon of regular gasoline in Chattanooga fell from $2.24 a week ago to $2.18 today, according to GasBuddy’s daily survey of 170 stations. Gas prices in Chattanooga are still 24.9 cents per gallon higher than a year ago, but GasBuddy.com surveys show local prices at the pump remain 37 cents a gallon below the U.S. average price of $2.55 today.
The cheapest gas today in the Chattanooga area is being sold at the Costco station in Ringgold, Georgia which is selling regular at $2.06 per gallon, according to GasBuddy.com.
A separate survey released by AAA showed the average price of regular gas in Chattanooga today is $2.20.3 per gallon, or 12 cents a gallon less than the statewide average and 34 cents a gallon below the U.S. average.
Analysts predict gas prices could continue to ease in coming weeks ahead of the usual seasonal increase in the spring.