News Worms
News Worms

Gas Prices Rise 4.3 Cents In Chattanooga

Gas Prices Rise 4.3 Cents In Chattanooga

Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.35 for Tuesday, a slight increase from the previous day, about 9 cents higher than a month ago and 23 cents more than this date in 2016.

A separate report from the University of MI finds new-car drivers are going longer for less, with the average fuel economy for new vehicles sold in July getting about a half-mile per gallon more than those sold in June.

Not all gasoline retailers in the city appear in gasbuddy's listings; the website depends largely on user-submitted reports.

In Friday market action, benchmark USA crude rose 55 cents, or 1.1 percent, to $49.58 per barrel in NY.

This morning, Springfieldians could purchase gas for as low as $2.03 per gallon at a handful of filling stations. In June, prices hit a low of around $2.23 a gallon.

Champaign: $2.10/g, down 4.8 cents per gallon from last week's $2.15/g.

"For the third straight week, gasoline prices have accelerated with the national average at its highest level in over eight weeks, driven by rising oil prices as inventories continue to tighten and concern over Venezuela lingers", said Patrick DeHaan, GasBuddy senior petroleum analyst. That's up 3 cents compared to a week ago and about 8 cents higher than last month.

"U.S. crude oil inventories are moving down, while summer gasoline demand is going up - the ideal storm for August price increases", Mary Maguire of AAA said. Midgrade is averaging $2.50, from $2.29 to $2.81.

The price motorists are paying for a gallon of gas in Virginia is up six cents from a week ago.

"It's hard to say why this week in particular (has a higher demand), but there is always more driving in the summer because people are taking vacations, taking road trips, taking advantage of time off and all that", said Lindsay Hawkins, communications specialist for AAA of Western and Central New York.


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