Gas prices rise 28 cents over last month in Chattanooga

CHATTANOOGA, Tenn. (WDEF) — In the past week, Chattanooga gas prices rose seven cents per gallon. Gas prices rose 28 cents per gallon over the last month.

A report from GasBuddy revealed that gas prices averaged $3.25 per gallon in Chattanooga on Monday, April 15.

The national price of gas has risen three cents per gallon in the last week, averaging $3.60 on Monday. The national average price is also up 14 cents per gallon from one month ago.

Patrick De Haan, head of petroleum analysis at GasBuddy made the following statement on the rise in gas prices.

“With Iran’s attack on Israel over the weekend, the stakes couldn’t have been higher for a major potential impact on oil and gasoline prices. With the attacks largely thwarted and mostly unsuccessful, and with Iran signaling that their attack will be the end of their response, the risk to crude oil has diminished, and the situation is thankfully likely to de-escalate going forward. If Israel, which has promised to respond with further attacks, indeed does press on, it could certainly still push oil prices higher. However, motorists can expect other factors to influence what they’re paying at the pump. Motorists in the mid-Atlantic and Northeastern U.S. will soon see a spike in prices as they make the leap to summer gasoline— as much as 20-50 cents per gallon higher in nearly a dozen states. On the West Coast, price increases should finally slow, but the national average will likely climb again in the coming week.”

Categories: Business, Consumer News, Local News