Gas prices continued to fall in Chattanooga last week, dropping to one of the lowest levels in the past two years, according to a survey of 170 stations in Chattanooga by the online gas reporting service GasBuddy.com.
The average price of regular gas dropped another 10 cents a gallon over the past week, declining to an average of $2.74 a gallon for regular unleaded gas. Other than a brief period around last Christmas, gas prices in Chattanooga are the lowest since mid 2021.
GasBuddy surveys show prices in Chattanooga are 28.5 cents per gallon lower than a month ago and stand 48.5 cents per gallon below where they were a year ago.
“As motorists turn their attention to Thanksgiving, they certainly can be thankful for the decline in gasoline prices, which has now reached eight straight weeks,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a report released Monday. “Gasoline demand has struggled in recent weeks, falling not only due to the seasonal nature, as Americans drive less as the weather gets colder, but it appears there may be some economic headwinds entering the equation as well.”
Chattanooga gas prices Sunday averaged 18 cents a gallon less than the Tennessee average price of $2.92 per gallon and are 59 cents a gallon below the U.S. average price of $3.33 per gallon for regular fuel, according to GasBuddy.com.