The online fuel reporting service said today the average price of a gallon of regular gas in Chattanooga is $1.86 per gallon, or 34 cents per gallon below the USA average. Individual stations were selling gas for less than $2.00.
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In Paducah, prices range from $1.90 to $2.09.
The national average has fallen 5.2 cents to $2.20 a gallon. Significant yearly savings persist, and the national average is discounted by 85 cents per gallon from this same date past year. That’s also much lower than the national average from a year ago, when motorists were paying $3.08.
According to a news release from AAA Texas, that’s 6 cents lower than the previous week and 92 cents lower than this time past year. Oil was at $45.89 last Monday, then finished the week at $44.60.
The price of oil is responsible for about two-thirds of the cost of gasoline, AAA said.
Still, gas prices have plenty of room to fall before catching up with these low oil prices. That’s about 76 cents less than it was at the same point a year ago.
The Florida average was $2.119 on Monday, down slightly from the previous day and about 6 cents from a week ago.
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While a few parts of the country are below $2 a gallon, it hasn’t happened here.
