Gas Prices Fall 3.3 Cents In Chattanooga

Monday, August 11, 2014
Average retail gasoline prices in Chattanooga have fallen 3.3 cents per gallon in the past week, averaging $3.10 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has fallen 1.7 cents per gallon in the last week to $3.47 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Chattanooga during the past week, prices Sunday were 17.0 cents per gallon lower than the same day one year ago and are 20.6 cents per gallon lower than a month ago. The national average has decreased 15.4 cents per gallon during the last month and stands 8.2 cents per gallon lower than this day one year ago.

"Motorists taking those late summer vacations continue to see their risk paying rewards: gasoline prices continue to hold near the lowest levels of the summer," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "It's relatively rare to see prices holding lower in the mid-to-late summer, as hurricanes tend to weigh on prices and demand for gasoline is highest during the second half of the summer. However, oil prices rallied in mid-June, altering the behavior of gasoline prices, and after the situation in Iraq cooled, it let to a widespread selloff in commodities that led to cheaper oil prices and refineries passed the savings onto motorists.

"Prices today versus last year are lower in many communities across the country. Meanwhile, the Great Lakes has seen its low prices thrust higher after several refinery issues and planned maintenance culminated at the same time, leading to a drop in available supply, leading to higher prices. The best news is that as the driving season concludes, prices are likely to drop- most significantly in late September through the holidays."


Tennessee Tax Revenue For March Released

Department of Finance and Administration Commissioner Larry Martin announced Monday that Tennessee tax revenue fell short of budgeted estimates in March. March sales tax revenues reflect retail activity occurring in February, and overall March revenues were $993.6 million, which is $100.9 million less than we collected in March of 2016 and $70.1 million less than the budgeted estimate ... (click for more)

First Tennessee's Operation Hope Provides Financial Literacy To Underserved Chattanooga Communities

With April being Financial Literacy month, First Tennessee’s Operation HOPE is spreading the word about the services they provide to low-income or moderate-income youth, individuals and families in Chattanooga’s underserved communities. Operation HOPE provides multiple services that help those who are struggling financially to get back on their feet. Their programs include Credit ... (click for more)

City Vows Lincoln Park To Be Preserved Despite Major Road, Sewer Projects

City officials vowed on Tuesday that Lincoln Park will be preserved despite a major road extension and sewer relocation planned nearby. Maura Sullivan, the city's chief operating officer, said the Trust for Public Land will hold public meetings geared around ideas for refurbishing the African-American park that once featured ball fields, a swimming pool and other attractions. ... (click for more)

Teen Shot At Brainerd Tunnel; Gunshot Came From Passing Vehicle

A teen was shot in the Brainerd Tunnel on Tuesday afternoon. He was identified as Adrian Williams, 19.   Chattanooga Police responded at 3:16 p.m. to a shots fired call at the 2600 block of Bailey Avenue (the tunnel).   At the same time officers were arriving on the scene, the victim walked into a local hospital suffering from a non-life threatening gunshot ... (click for more)

Don't Clog Up The Last Remaining Semi-Unobstructed Route Into Town From North Of The River

The proposal to turn Hixson Pike in Riverview into a more pedestrian friendly street is more than absurd.   Let's be honest. This is the last semi-unobstructed route into town from north of the river, due to I-27 construction and the bike lane/parking lot that is North Market Street.  So, now the businesses in Riverview would like parking on this main artery? ... (click for more)

Roy Exum: A One-Sided Opportunity

State education commissioner Candace McQueen has apparently fallen and hit her head. She most certainly needs to be examined after she came to Chattanooga on Monday and told the Times-Free Press about an exciting “partnership.” Are you kidding me? Despite the newspaper’s editors actually touting the venture as “promising,” the lady is clearly dancing by herself. With her Achievement ... (click for more)