Gas Prices shoot up in Chattanooga past the $2.00 barrier

CHATTANOOGA (WDEF) – Gas prices shot up again last week in the Chattanooga area, passing back over the $2.00 line.

The average for the city in the latest survey is $2.05, up 12.2 cents in just a week.

That puts us over the state average and higher than our neighbors in Knoxville and Huntsville.

The national average jumped 8.1 cents to $2.22 a gallon.

“Gasoline and oil prices have set new yearly highs as the imbalance of supply and demand may begin to shift as global oil production shows signs of slowing and gasoline demand is accelerating,” says Patrick DeHaan, a Chicago-based senior petroleum analyst for GasBuddy.

“Americans appear ripe to consume near record levels of gasoline, if not the highest levels ever this summer with some of the lowest summer prices seen in ten years or so.

“Gasoline prices in all fifty states saw a rise over the last week- an average of over 8 cents. While we may not see as such a sharp rise this week, we aren’t out of the woods just yet. Gasoline prices may continue inching up until Memorial Day- a major test if refiners are well-prepared for the summer driving season,” DeHaan added.

The best price in our area now according to the GasBuddy survey is $1.86 at the Sam’s Club in Chattanooga.

The Costco in north Georgia has a price of $1.89 per gallon.

And the Walmart Neighborhood Market on Shallowford Road has a $1.94 price.

Overall, Marion County actually has a cheaper average price now than Hamilton County does.

And even Dalton isn’t far behind Chattanooga this week.

Categories: Consumer News, Local News

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