Chattanooga gas prices dropped again last week and more business news

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Chattanooga gas prices drop again last week

Chattanooga gas prices fell another 2.9 cents per gallon last week, averaging $2.76 per gallon for regular fuel on Monday, according to GasBuddy's daily survey of 170 stations in Chattanooga. Gas prices in Chattanooga are 4.4 cents per gallon higher than a month ago and stand 90.7 cents per gallon higher than a year ago.

But local fuel prices average 38 cents per gallon less than the U.S. averageof $3.14 per gallon for regular gas.

"With oil prices struggling under the weight of a rise in new Covid cases thanks to the Delta variant and OPEC's increase in oil production, average gas prices in most states finally drifted lower," said Patrick De Haan, head of petroleum analysis for GasBuddy. "However, we aren't yet in the clear.