News Worms
News Worms


Chattanooga gas prices rise last week, but remain lowest in Tennessee

Chattanooga gas prices rise last week, but remain lowest in Tennessee

After getting hit with higher prices associated with severe hurricanes, MA drivers are not getting the benefit of the usual January dip in gas prices, AAA Northeast said Monday.

According to GasBuddy, gas prices on Sunday were 2.4 cents per gallon higher than the same day a year ago and 2.6 cents more per gallon than a month ago.

AAA Northeast says its weekly survey found that the average price of a gallon of regular unleaded gas grew to $2.53. Nationally, it remained steady at $2.48. West Texas Intermediate crude oil prices averaged $51 per barrel in 2017, up $7 per barrel from the 2016 average, and ended the year at $60 per barrel, $6 higher than at the end of 2016. The highest was about $2.66 per gallon in the Jackson area. A year ago, the state average was $2.53.

But gas prices are still 98 cents a gallon below what they were at this time five years ago.

" Springtime is as a springboard for prices at the pump, and we may see a 40-50 cent jump by the summer", said Jenkins.

The local average is below last week's statewide average of $2.45, according to AAA, and the Sarasota-Bradenton region has among the lowest average prices in the state, according to AAA. He does see a short-lived drop in prices in late January, but expects prices to rise again after Valentine's Day.

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