Gas prices on a slow rise in Chattanooga
CHATTANOOGA, Tenn. (WDEF) — There has been a slight uptick in gas prices this week in Chattanooga, according to a report from GasBuddy. Gas prices rose 8.4 cents per gallon in the last week.
It is also similar across the country. The national average has risen 8.8 cents per gallon.
The average gas price in Chattanooga was $3.30 as of Monday morning. That is 12.4 cents higher than one month ago.
However, it is still 48.8 cents lower than one year ago.
The national average gas price is $3.57 per gallon.
The national price of diesel has fallen 1.6 cents in the last week, standing at $4.15 per gallon. “The national average price of gasoline has continued its relatively slow climb, with 44 states seeing average gasoline prices climb over the last week. Prices are being pulled up not only due to continued increases in demand as temperatures warm, but also pressure from oil prices, which have risen over 20% in the last month, primarily driven by OPEC’s surprise decision a week ago to cut oil production,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“Expect the upward trend to continue through much of the rest of spring, but once the transition to summer gasoline and refinery maintenance are behind us, April and May jumps could bring June slumps,” he continued. “However, for diesel, the news continues to be good, with the national average price of diesel continuing to drop, now at its narrowest difference to gasoline in over 13 months.”
