Chattanooga gas prices rise another 4.2 cents per gallon

Chattanooga gas prices rise another 4.2 cents per gallon

June 6th, 2016 by Staff Report in Business Around the Region

The average retail price of gas in Chattanooga rose another 4.2 cents per gallon last week, rising to $2.18 per gallon, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga released Monday.

Chattanooga gas prices have risen 74 cents per gallon from the lowest price of the year in February but remain 18 cents per gallon below the U.S. average price of $2.36 per gallon.

Including the change in gas prices in Chattanooga during the past week, prices Sunday were 30.4 cents per gallon lower than the same day one year ago and are 12.4 cents per gallon higher than a month ago.

Gas remained below $2 a gallon at one Chattanooga station today, however. According to Gasbuddy.com, the cheapest price for gas Monday in Chattanooga is at the Sam's Club station on Lee Highway, where regular gas is priced at $1.98 per gallon.

A separate gas survey also released today, the Lundberg letter, estimates the average price of gasoline nationwide has jumped by six cents over the past two weeks to $2.37 a gallon for regular grade.

Industry analyst Trilby Lundberg said the hike is mostly due to a continuing increase in crude oil prices.

Lowest Gas Prices in Chattanooga
Chattanooga Gas Prices provided by GasBuddy.com

This story was updated June 6 at 11:55 p.m. with minor edits.


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