After dropping this month to the lowest inflation-adjusted price in a half century, gas prices in Chattanooga edged higher last week, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga.
The average retail price of a gallon of gas in Chattanooga on Sunday was 5.6 cents per gallon higher than a week earlier, climbing to an average of $1.49 per gallon.
But gas prices at one East Ridge station, the Tip Top Food Market, fell to $1.34 per gallon today and GasBuddy.com counted more than a dozen area stations were gas is selling today for only $1.35 per gallon.
Chattanooga gas prices rose more than the national average in the past week but still remained 22 cents cheaper than the U.S. average of $1.71 per gallon, according to GasBuddy.com surveys.
Including the change in gas prices in Chattanooga during the past week, gas prices in Chattanooga on Sunday were 64.5 cents per gallon lower than the same day one year ago and were 6.9 cents per gallon lower than a month ago.
"Many motorists in the Midwest saw an ugly surprise at the gas pumps last week, as prices spiked as high as 23 cents per gallon in one week's time in places," said Will Speer, a GasBuddy senior petroleum analyst. "The spike occurred on the back of news that Midwest refineries were reducing production rates due to poor economics. The rest of the U.S. enjoyed another week of declining gas prices. The largest decline in retail gas prices occurred in Southern California, as the wholesale gasoline price fell to the cheapest in the country. Expect West Coast motorists to reap the benefits of these low wholesale prices at the pump in the upcoming week."