Gas prices in Chattanooga increased for the second consecutive week this month, boosting the average price of regular gas by another 17.6 cents per gallon to an average of $3.14 at the start of this week, according to GasBuddy’s survey of 170 stations in Chattanooga.
Despite the recent price hikes and the prospect of additional increases at the pump this spring, fuel prices in Chattanooga are still 94.3 cents per gallon lower than a year ago, GasBuddy surveys show.
“With the transition to more expensive summer gasoline underway coast to coast, wholesale gasoline prices continue to inch up at a rate typical for this time of year,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement. “While oil prices edged slightly lower on weaker outlooks for economic growth, continued refinery maintenance and the higher cost of seasonal blends of fuel are offsetting oil’s decline. The price of diesel, however, continues to slowly decline as we see consumption for diesel lighten up.”
The national average price of diesel has fallen 4.1 cents in the last week and stands at $4.30 per gallon.
— Compiled by Dave Flessner