Gas Prices Rise 1.6 Cents In Chattanooga

Gas prices 50 cents more than this time last year, AAA says

If crude oil prices, which hit 70 dollars a barrel this week, go above that, 3-dollar-a-gallon gas could be a reality by the end of the summer, said AAA's Ken Grant.

A spokesperson for AAA Colorado said as of Sunday, the Stinker Sinclair location at 7268 S. Tuscon Way in Englewood, had the cheapest gas in the area at $2.49 a gallon.

According to GasBuddy, average gasoline prices increased in all 50 states last week as the price of a barrel of oil edged close to $71, the highest since 2014, after the news that the USA would withdraw from the Iran nuclear deal. That's almost 5 percent more than previous year and the most since 2005, AAA says.

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Will re-imposing economic sanctions on Iran after our exit from the nuke deal make gas prices here skyrocket?

Looking state-by-state, the largest weekly changes in average gas prices were seen in: OH (+15c), Nevada (+12c), DE (+11c), MI (+10c), Florida (+10c), Wyoming (+10c), Minnesota (+9c), Kentucky (+9c), Missouri (+9c) and West Virginia (+9c). That was followed by Tallahassee and Fort Lauderdale where prices stood at $2.85 per gallon Sunday.

"However, it may be weeks before motorists see the full effects of the US pulling out of the Iran Nuclear Agreement and reimposing sanctions", said Tammy Arnette, senior public affairs specialist for AAA Mid-Atlantic. A week ago, that sat at $2.61. Last month the national average was $2.715, while the year-ago average was $2.342.

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