Chattanooga gas prices fall another 2.6 cents a gallon

Gas prices tile

The average price of a gallon of regular gas fell another 2.6 cents last week in Chattanooga, dropping the average price to $1.84 a gallon, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga released today.

Gas prices are now at their lowest average price in Chattanooga since the end of January when the average price fell by $1.81 a gallon.

Gas prices are lowest in the region at a handful of service stations on Signal Mountain Road where prices average $1.69 a gallon.

Chattanooga's average gas prices are 32 cents per gallon below the U.S. average, according to GasBuddy.com.

Including the change in gas prices in Chattanooga during the past week, prices are 78.1 cents per gallon lower than the same day one year ago and are 10.8 cents per gallon lower than a month ago.

"The gas price slide across much of the nation has continued for the third straight week," said Will Speer, GasBuddy's senior petroleum analyst. "As we reach November, refinery maintenance projects are beginning to wrap up as evident in EIA's (Energy Information Agency) weekly report, which saw refinery utilization rates improve. Improving refinery rates paired with WTI-crude trading steadily around the $46/barrel range will keep downward pressure on gas prices through November."