Gas prices tileGasoline prices in Chattanooga have increased more than 38 cents per gallon in the past month as crude oil prices reversed their decline over most of the past year.
But the survey of service stations across the country released today by GasBuddy.com shows that Chattanooga’s average price per gallon of regular gas at $2.41 is 21 cents per gallon below the U.S. average and nearly $1.11 per gallon less than the fuel prices of a year ago.
In the past week, GasBuddy’s daily survey of 170 gas outlets in Chattanooga showed the average price of a gallon of gas increased 7.9 cents per gallon in the last week.
“Gasoline prices continue to be tugged upward by previous increases in crude oil prices,” Patrick DeHaan, GasBuddy senior petroleum analyst, said in a report released today. “The national average stands at its highest in nearly five months and has risen 20 days straight.”
Despite the recent increase in gas prices, GasBuddy data shows U.S. motorists are still saving over $400 million a day versus what they were paying for gas a year ago.