Average price of gas tops $3 a gallon again in Chattanooga

Gas prices tile / photo courtesy of Getty Images

The average price of a gallon of regular fuel in Chattanooga jumped by 11.2 cents in the past week to rise above $3 a gallon again for the first time in a month.

Among the 170 local gas stations surveyed by Gasbuddy.com, the average price of regular fuel rose to $3.05 per gallon on Monday - the highest since the week of Christmas. Nationwide, Gasbuddy.com said regular gas rose an average of 2.9 cents a gallon in the past week, but Chattanooga gas prices still remained 29 cents a gallon below the U.S. average of $3.34.

Prices at the pump in Chattanooga this week are up 94.3 cents a gallon from the same time a year ago.

"The price of oil pushed into territory unseen in over seven years as WTI [West Texas Intermediate] crude hit $88 per barrel, which continues to drag gasoline prices higher," Patrick De Haan, head of petroleum analysis at GasBuddy, said in a report released Monday. "With continued concerns over geopolitical tensions and crude oil supply, the small yet noticeable increases are likely to continue."

- Compiled by Dave Flessner