Highest Gas Prices of the Year

(WDEF) – Gas prices continued to climb last week, setting new highs for the year.

The national average for a gallon of regular hit $2.62.

That’s up 59 cents from the yearly low of $2.03 in late January.

“Rising crude oil has pushed gas prices to their highest levels of the year ,” said Josh Carrasco, spokesperson, AAA – The Auto Club Group. “Although prices are at their highest level of the year, they are still more than a dollar cheaper than this time last year.”

The number is $2.49 in Georgia and a lower $2.39 in Tennessee.

GasBuddy reports the price in Chattanooga averages $2.41, and increase of 7.9 cents last week.

That is slightly below the national increase last week.

Even with the price spike over the last few weeks, we are still looking at the cheapest driving summer in five years.

AAA is sticking to their prediction that the price will not top $3.00 this summer.

And we could soon see prices drop from a glut of petroleum in the country.

Gas prices traditionally peak in early May, drop in June, and then rise again in July.

“We could see record summer travel this year due in large part to cheap gas prices,” said Carrasco. “Gas savings will make travel more affordable and may motivate more motorists to take a summer road trip.”

Categories: Consumer News, Local News

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