Chattanooga gas prices rise nearly 6 cents a gallon last week

Chattanooga gas prices rise nearly 6 cents a gallon last week

April 10th, 2017 by Dave Flessner in Breaking News

Chattanooga gas prices rose another 5.8 cents per gallon last week to the highest price yet this year, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga.

The average retail gasoline prices in Chattanooga on Sunday was $2.10 per gallon, up 9.6 cents a gallon from a month ago and 26.9 cents per gallon higher than a year ago.

Despite the increase, however, Chattanooga gas prices still average 29 cents per gallon less than the U.S. average.

And while gas prices are up from a year ago, they are similar to what they were priced at two years ago and remain $1.25 per gallon below what gas was priced at in Chattanooga in 2014.

"While the continued increases are completely seasonal in nature, it's not any easier for motorists to digest," Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement today. "Oil now stands $5 per barrel higher than just a few weeks ago and are the main culprit for rising gasoline prices."

DeHaan said with the situation in Syria," there is a rising risk of more heat between some of the world's largest oil producers, causing concern in oil markets which could be a slight contribution to higher prices."

According to GasBuddy.com, the cheapest gas in Chattanooga today is being sold at the Circle K on Signal Mountain Road, which is selling regular gas for $1.95 per share.