Chattanooga gas prices drop again last week
Chattanooga gas prices fell 4.7 cents per gallon in the past week, reversing the price hikes of the previous week, according to GasBuddy's daily survey of 170 stations in Chattanooga.
Gas prices in Chattanooga started the week averaging averaging $3.07 per gallon for regular fuel, or 33 cents per gallon less than the U.S. average. GasBuddy said Chattanooga fuel prices are still 6.8 cents per gallon higher than a month ago and stand $1.35 per gallon higher than a year ago.
"As the price of oil continues to struggle, Covid cases flare up and anxiety over demand starts rising, motorists are likely to see the declines continuing into this week," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While it's not known how long market conditions will continue to push gas prices down, it appears that the fall should last through Thanksgiving, just in time for millions of Americans to prepare to hit the road for the holiday."
BenchMark Physical Therapy clinic opened in Lakesite
BenchMark Physical Therapy opened its 25th outpatient clinic in the Chattanooga area on Monday at 8530 Hixson Pike, Suite 102.
The Lakesite clinic, as it is known, is open 8 a.m. to 6 p.m. Monday, Wednesday and Thursday; 8 a.m. to 2 p.m. Tuesday; and 8 a.m. to 4 p.m. Friday.
BenchMark offers in-clinic and telehealth options for outpatient orthopedic physical therapy, including manual therapy, injury prevention, return to performance, total joint replacement, concussion management and vestibular rehabilitation programs.
Clinic director Morgan Boulware, an orthopedic clinical specialist, has a particular interest in conditions of the spine, hip, knee, shoulder and elbow. She is certified in trigger point dry needling, intramuscular manual therapy and LSVT BIG treatment for Parkinson's disease.
BenchMark, part of the Upstream Rehabilitation family of clinical care, offers access to care within 24 hours and works with all insurance types.
Online mattress maker sold for $308 million
The e-commerce mattress maker Casper is being acquired and taken private, less that a year after its public debut, for about $308 million.
Durational Capital Management will pay $6.90 per share for Casper. Shares of Casper Sleep Inc. spiked 88.5% to close Monday at $6.69.
The New York City company went public in February 2020 and it's had a rough debut.
After being valued as a private company at more than $1 billion, it began selling shares early last year for $14.50, which put its value as a public company at around $575 million. That was close to its peak.
At the close of trading Friday, a share of Casper could be had for $3.55.
On Monday the company, which does have some brick-and-mortar retail locations, posted a $25.3 million loss for the third quarter. It also announced that Emilie Arel, the company's president and chief commercial officer, will take over for Casper co-founder, Philip Krim as CEO.
The deal is expected to close in 2022's first quarter if approved by Casper shareholders.
- Compiled by Dave Flessner