More pain at the pump: Chattanooga gas prices may top $4 a gallon

Staff photo by Troy Stolt / Ben Michaels pumps gas into his car at the Speedway gas station on the corner of S. Holtzclaw Ave. and E. 3rd Street Gas prices in Chattanooga rose nearly 13 cents a gallon in the past week to the highest levels in nearly nine years.

By Staff and wire reports February 28, 2022 3 min read

The Russian invasion of Ukraine on the other side of the globe is being felt by Chattanooga motorists who are paying the highest prices for gasoline in nearly nine years.

The average price of a gallon of regular gasoline in Chattanooga jumped another 12.9 cents per gallon in the past week, rising to $3.44 a gallon – the highest price for this time of the year since 2013, according to GasBuddy’s survey of 170 stations in Chattanooga.

As energy markets continue to adjust to the international uncertainty about global sanctions and oil production and demand for gas rises as the spring and summer travel season begins, experts expect gas prices could top $4 a gallon in Chattanooga in the coming weeks and may rise to a new record high this spring.

Average gas prices for regular gas in Chattanooga are 40.1 cents per gallon higher than a month ago and stand $1.03 a gallon higher than a year ago, according to GasBuddy.com.