Saturday November 28th, 2015 6:22AM

Gas prices plateau over the weekend

By Staff
TAMPA, Fla. (April 20, 2014) - Gas prices are beginning to stabilize after going on a streak of more than 20 days of increases. The average price in Florida, Georgia and Tennessee didn't increase a cent over the weekend. Weekly gains were also much smaller over the past week compared to previous weeks.

"During the past week, gas price increases slowed until they finally stopped over the weekend," said Mark Jenkins, spokesman, The Auto Club Group. "It is too soon to know whether we have seen the peak price for the season, but this is a good sign that relief is on the way for motorists at the pump."

Gas prices typically peak in the spring. During the last three years, prices peaked in February 2013, April 2012, and May 2011. Summer gas prices become more volatile, greatly influenced by demand, geopolitical tension and natural disasters.

Typical spring fundamentals and geopolitical conflict will strongly dictate how prices move in the coming weeks. Refineries in the Gulf of Mexico that reduced output during maintenance season are returning to full operation. However, any unexpected setbacks could cause prices to rise. Meanwhile, tensions between Russia and the Ukraine continues to place upward pressure on the price of oil. There are concerns that sanctions imposed by Western countries might impact exports from Russia, which would also cause oil prices to spike.

Sunday's national average for a gallon of regular unleaded gasoline is $3.67, 3 cents more than last week. Since last week, Florida's average of $3.76 rose 4 cents, Georgia's average of $3.65 rose 7 cents, and Tennessee's average of $3.50 rose 2 cents.

Prices are much higher than a year ago, however, when the average price in Georgia was $3.34 a gallon for unleaded regular.
© Copyright 2015
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 10 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 10 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 10 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 10 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 10 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 10 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 10 months ago )
Local/State News
PLAYOFFS: Three goes into four, as area trio earn semifinal berths
Once the dust settled on Friday night, northeast Georgia found three teams still standing in the state football playoffs -- and it was so nearly four...
9:14AM ( 2 hours from now )
Standoff at Planned Parenthood ends with suspect's arrest; 3 killed, 9 wounded
COLORADO SPRINGS, Colo. (AP) — A gunman who opened fire inside a Planned Parenthood clinic was arrested Friday after engaging in gun battles with authorities during an hourslong standoff that killed t...
1:13AM ( 5 hours ago )
Deadline to sponsor Wreaths Across America at Alta Vista is Monday
Each holiday season, veteran grave sites at Alta Vista cemetery in Gainesville are adorned with wreaths as part of Wreaths Across America.
3:42PM ( 14 hours ago )
PHOTO GALLERY: Holiday shoppers hit Gainesville stores early
Black Friday may still have status as the kickoff to the holiday shopping season, but Thanksgiving Thursday is gaining ground as more stores opt to open early.
By AccessWDUN staff
10:01AM ( 20 hours ago )
White House undergoes Thanksgiving Day lockdown after man draped in American flag jumps fence
WASHINGTON (AP) — A man draped in an American flag climbed over the fence at the White House on Thursday, prompting a lockdown as the first family celebrated Thanksgiving.The man was immediately appre...
10:11PM ( 1 day ago )