Chattanoogans are getting a bit of a reprieve from the jump in energy prices over the past year since the pandemic pushed down consumption and prices a year ago.
The average price of gasoline fell 3.2 cents a gallon last week for regular fuel in Chattanooga despite a slight increase again in gas prices in most U.S. cities, according to the fuel price web site GasBuddy.com which surveyed 170 stations in Chattanooga.
At the same time, the Tennessee Valley Authority announced that electricity prices will drop slightly next month due to a decrease in the monthly fuel cost adjustment in August compared with the current month.
But gas and electricity prices remain well above prices a year ago.
The average price of a gallon of regular fuel in Chattanooga fell in the past week to $2.78 per gallon, which was 38 cents a gallon cheaper than the U.S. average. Chattanooga gas prices, on average, also remain below neighboring markets such as Knoxville, Nashville, Atlanta and Huntsville, according to Gasbuddy.com.