Chattanooga gas prices rise again, but not for long

CHATTANOOGA (WDEF) – The August gas price bump continued last week for August.

But the experts at gasbuddy.com predict it won’t last much longer.

The average retail gasoline price in Chattanooga rose 2.8 cents per gallon ($1.85) according to their weekly survey.

The national average jumped by 3.7 cents.

Local prices are still a quarter cheaper than they were at this time last summer.

“With the benchmark WTI crude climbing more than $8 per barrel since the beginning of the month to $48 per barrel and Brent above $50, we should not be surprised to see the average price of gas in many areas nearly 5 cents than it was a week ago,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

“While wholesale gasoline prices reflect the run-up for crude, it may be short-lived since the clock is ticking on the rally for retail prices with just two weeks left before the Labor Day weekend and summer’s official end,” Laskoski added. “So consumers should be prepared for modest increases this week that may actually taper off as we approach the holiday weekend.”

The cheapest gas in Chattanooga right now is at the foot of Signal Mountain on Signal Mountain road.

The Circle K, Midnite Oil, Murphy USA, Raceway and BP all are posting a $1.75 price.

But you can also find it in Ooltewah (BP & Raceway) and Hixson (Norcross Walmart).

Cleveland can beat Chattanooga’s best by a penny at several locations.

And so can the Lottery Food Market in South Pittsburg.

But the cheapest gas in the region right now is $1.73 at several locations in Dayton and Sale Creek.