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$4 fuel predicted in April

Catherine Nunley and her 4-year-old son Collin Nunley fill up their tank at the Favorite Market off Main Street early Wednesday afternoon. / Dan Henry. Chattanooga Times Free Press. Catherine Nunley and her 4-year-old son Collin Nunley fill up their tank at the Favorite Market off Main Street early Wednesday afternoon. / Dan Henry. Chattanooga Times Free Press.
CHATTANOOGA -

(Times Free Press) - Blame tensions with Iran for gas prices that likely will surge to a national average of $4 per gallon by April and could approach $5 later in the summer, according to the American Automobile Association.

The Islamic republic's latest threats to close the Straits of Hormuz, through which one-fifth of the world's oil supply is shipped, has made commodities traders jumpy, and with good reason, said Jessica Brady, a spokeswoman for AAA.

"When gas goes up, so do groceries, the price of airfares and the price of postage," Brady said. "It really dips into the disposable income that consumers have right now, especially when consumers are trying to recover from the recession."

Read more about this story from our news partners at the Chattanooga Times Free Press.

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