Gas Prices jump another nickel in Chattanooga last week

March 21, 2016

Collins Parker,

CHATTANOOGA (WDEF) – The average gas price for Chattanooga rose another 5.5 cents per gallon last week according to the GasBuddy.com weekly survey.

That is still higher than the national jump (4.9), but is getting much closer than the week before.

Chattanooga’s $1.82 average is now five cents higher than Knoxville, but comparable to the rest of the state.

“With the U.S. average price of gas closing in on the $2 level, a price not seen since late December, it reflects a real paradox; we see simultaneously both a stark increase –25 cents per gal. in the past few weeks– and a reminder of how much we’re still saving,” said Gregg Laskoski, senior petroleum analyst with GasBuddy. “Even with the anticipated rise in retail prices to accommodate ‘summer blend’ gasoline regulations, and even with a 54% increase in crude oil from $26 to $40 for the benchmark West Texas Intermediate (WTI), the national average price of gas today remains some 45 cents lower than where we were exactly one year ago.”

The lowest prices today in Chattanooga are $1.67 at the Mapco and Speedway at the intersection of 3rd Street and Holtzclaw, according to GasBuddy.com.

Cleveland has several $1.71 prices around the interstate.

Gas Prices